Brookstone Capital Management Buys 2,313 Shares of Palo Alto Networks, Inc. $PANW

Brookstone Capital Management increased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.4% in the second quarter, Holdings Channel.com reports. The fund owned 71,126 shares of the network technology company’s stock after purchasing an additional 2,313 shares during the period. Brookstone Capital Management’s holdings in Palo Alto Networks were worth $14,555,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Dagco Inc. purchased a new position in Palo Alto Networks in the 1st quarter worth approximately $33,000. WPG Advisers LLC purchased a new stake in Palo Alto Networks during the 1st quarter valued at $37,000. Strategic Investment Solutions Inc. IL raised its stake in Palo Alto Networks by 58.9% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock valued at $38,000 after buying an additional 83 shares during the last quarter. Stonebridge Financial Group LLC raised its stake in Palo Alto Networks by 46.8% during the 1st quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company’s stock valued at $40,000 after buying an additional 74 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new stake in Palo Alto Networks during the 2nd quarter valued at $41,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Lee Klarich sold 120,774 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $211.92, for a total value of $25,594,426.08. Following the completion of the transaction, the executive vice president owned 149,190 shares of the company’s stock, valued at approximately $31,616,344.80. This represents a 44.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Josh D. Paul sold 700 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $202.16, for a total transaction of $141,512.00. Following the completion of the transaction, the chief accounting officer directly owned 32,474 shares of the company’s stock, valued at $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 worth $260,687,367 in the last three months. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PANW. Stephens reiterated an “equal weight” rating and set a $205.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Cantor Fitzgerald reiterated an “overweight” rating and set a $223.00 target price on shares of Palo Alto Networks in a research note on Friday, August 15th. UBS Group set a $245.00 target price on shares of Palo Alto Networks in a research note on Friday, September 26th. Jefferies Financial Group set a $235.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, July 29th. Finally, KeyCorp downgraded shares of Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 31st. Thirty investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $217.22.

Palo Alto Networks Price Performance

Shares of PANW stock 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 firm has a fifty day moving average price of $198.45 and a 200-day moving average price of $191.16. The company 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 issued its earnings results 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 the consensus estimate of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. Palo Alto Networks’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. 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 expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

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.