Jackson Wealth Management LLC Sells 78 Shares of Palo Alto Networks, Inc. $PANW

Jackson Wealth Management LLC cut its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,876 shares of the network technology company’s stock after selling 78 shares during the period. Jackson Wealth Management LLC’s holdings in Palo Alto Networks were worth $2,430,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HWG Holdings LP bought a new stake in Palo Alto Networks during the first quarter worth $31,000. Dagco Inc. bought a new stake in Palo Alto Networks during the first quarter worth $33,000. WPG Advisers LLC bought a new stake in Palo Alto Networks during the first quarter worth $37,000. Strategic Investment Solutions Inc. IL lifted its stake in Palo Alto Networks by 58.9% during the first quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock worth $38,000 after purchasing an additional 83 shares during the last quarter. Finally, Stonebridge Financial Group LLC lifted its stake in Palo Alto Networks by 46.8% during the first quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company’s stock worth $40,000 after purchasing an additional 74 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Westpark Capital reiterated a “hold” rating on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Guggenheim increased their price target on Palo Alto Networks from $130.00 to $135.00 and gave the company a “sell” rating in a research note on Tuesday, August 19th. Barclays reiterated an “overweight” rating and issued a $215.00 price target (up from $210.00) on shares of Palo Alto Networks in a research note on Tuesday, August 19th. New Street Research increased their price target on Palo Alto Networks from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Finally, KeyCorp cut Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 31st. Thirty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Palo Alto Networks has a consensus rating of “Moderate Buy” and an average price target of $214.64.

Palo Alto Networks Trading Down 1.0%

Shares of Palo Alto Networks stock opened at $207.19 on Friday. The business has a 50-day moving average price of $190.20 and a two-hundred day moving average price of $188.20. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $212.10. The company has a market cap of $138.59 billion, a P/E ratio of 129.09, a PEG ratio of 4.98 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the business posted $0.75 EPS. The business’s revenue was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Equities research analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Activity

In other news, CEO Nikesh Arora sold 846,408 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the transaction, the chief executive officer owned 275,013 shares of the company’s stock, valued at $56,119,152.78. This represents a 75.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the transaction, the executive vice president directly owned 96,135 shares in the company, valued at $19,629,805.65. This trade represents a 4.94% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,315,130 shares of company stock worth $259,351,606. 2.50% of the stock is owned by insiders.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.