Avidian Wealth Enterprises LLC Sells 152 Shares of Palo Alto Networks, Inc. $PANW

Avidian Wealth Enterprises LLC reduced its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,226 shares of the network technology company’s stock after selling 152 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Palo Alto Networks were worth $865,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PANW. Dagco Inc. bought a new position in Palo Alto Networks during the first quarter valued at about $33,000. Marshall & Sullivan Inc. WA bought a new stake in shares of Palo Alto Networks in the 2nd quarter worth approximately $41,000. WPG Advisers LLC acquired a new stake in shares of Palo Alto Networks during the 1st quarter worth approximately $37,000. Strategic Investment Solutions Inc. IL increased its position in shares of 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 valued at $38,000 after purchasing an additional 83 shares during the period. Finally, Carderock Capital Management Inc. acquired a new position in shares of Palo Alto Networks in the second quarter valued at $46,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Trading Up 1.2%

NASDAQ PANW opened at $214.40 on Wednesday. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $217.94. The company has a 50 day moving average of $198.45 and a 200-day moving average of $191.16. The firm has a market cap of $143.41 billion, a price-to-earnings ratio of 133.58, a PEG ratio of 5.04 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.During the same period in the previous year, the business earned $0.75 EPS. Palo Alto Networks’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. On average, analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Truist Financial set a $220.00 price objective on shares of Palo Alto Networks and gave the company a “buy” rating in a research note on Tuesday, August 19th. DA Davidson reissued a “buy” rating and issued a $215.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Scotiabank raised their price target on shares of Palo Alto Networks from $225.00 to $228.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 19th. UBS Group set a $245.00 price objective on Palo Alto Networks in a research note on Friday, September 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $230.00 target price on shares of Palo Alto Networks in a report on Wednesday, September 3rd. Thirty analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $217.22.

Insider Buying and Selling

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total value of $141,512.00. Following the completion of the sale, the chief accounting officer owned 32,474 shares in the company, valued at approximately $6,564,943.84. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the completion of the transaction, the executive vice president directly owned 149,190 shares of the company’s stock, valued at approximately $31,616,344.80. This represents a 44.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,315,130 shares of company stock valued at $260,687,367. Insiders own 2.50% of the company’s stock.

Palo Alto Networks 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.