Klingman & Associates LLC Purchases 200 Shares of Palo Alto Networks, Inc. $PANW

Klingman & Associates LLC raised its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 10.6% in the second quarter, Holdings Channel reports. The fund owned 2,085 shares of the network technology company’s stock after buying an additional 200 shares during the quarter. Klingman & Associates LLC’s holdings in Palo Alto Networks were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of PANW. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of Palo Alto Networks by 36.9% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 241 shares of the network technology company’s stock valued at $49,000 after buying an additional 65 shares during the period. Pittenger & Anderson Inc. lifted its stake in shares of Palo Alto Networks by 11.1% in the second quarter. Pittenger & Anderson Inc. now owns 121,764 shares of the network technology company’s stock valued at $24,918,000 after buying an additional 12,162 shares during the period. Bogart Wealth LLC lifted its stake in shares of Palo Alto Networks by 3.5% in the second quarter. Bogart Wealth LLC now owns 72,711 shares of the network technology company’s stock valued at $14,880,000 after buying an additional 2,477 shares during the period. Canvas Wealth Advisors LLC lifted its stake in shares of Palo Alto Networks by 3.3% in the second quarter. Canvas Wealth Advisors LLC now owns 30,919 shares of the network technology company’s stock valued at $6,323,000 after buying an additional 996 shares during the period. Finally, Crewe Advisors LLC lifted its stake in shares of Palo Alto Networks by 9.0% in the second quarter. Crewe Advisors LLC now owns 2,125 shares of the network technology company’s stock valued at $435,000 after buying an additional 176 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Nir Zuk sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $172.80, for a total value of $17,280,000.00. Following the completion of the sale, the executive vice president owned 3,143,516 shares of the company’s stock, valued at $543,199,564.80. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Josh D. Paul sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total transaction of $141,512.00. Following the completion of the sale, the chief accounting officer directly owned 32,474 shares of the company’s stock, valued at approximately $6,564,943.84. This represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,315,130 shares of company stock valued at $260,687,367 over the last quarter. Company insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PANW has been the subject of several research reports. BMO Capital Markets increased their target price on shares of Palo Alto Networks from $217.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Westpark Capital reiterated a “hold” rating on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Barclays reiterated an “overweight” rating and issued a $215.00 target price (up previously from $210.00) on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Mizuho increased their target price on shares of Palo Alto Networks from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $223.00 price target on shares of Palo Alto Networks in a research report on Friday, August 15th. Thirty equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $217.22.

Palo Alto Networks Stock Up 1.2%

NASDAQ:PANW opened at $214.40 on Wednesday. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $217.94. The firm has a market capitalization of $143.41 billion, a PE ratio of 133.58, a price-to-earnings-growth ratio of 5.04 and a beta of 0.98. The firm has a 50-day moving average price of $198.45 and a 200 day moving average price of $191.16.

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

About Palo Alto Networks

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.