Private Advisory Group LLC bought a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund bought 2,141 shares of the network technology company’s stock, valued at approximately $730,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Darwin Wealth Management LLC bought a new stake in shares of Palo Alto Networks during the 2nd quarter valued at about $25,000. Knuff & Co LLC acquired a new stake in Palo Alto Networks during the fourth quarter worth about $26,000. Sittner & Nelson LLC lifted its holdings in Palo Alto Networks by 73.8% in the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock worth $27,000 after acquiring an additional 62 shares during the last quarter. Luken Investment Analytics LLC lifted its holdings in Palo Alto Networks by 196.2% in the fourth quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock worth $28,000 after acquiring an additional 102 shares during the last quarter. Finally, WHI TRUST Co LLC acquired a new position in Palo Alto Networks in the fourth quarter valued at approximately $28,000. 79.82% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, EVP Lee Klarich sold 62,904 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $258.65, for a total value of $16,270,119.60. Following the sale, the executive vice president directly owned 235,983 shares in the company, valued at $61,037,002.95. This trade represents a 21.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total value of $1,447,800.00. Following the sale, the executive vice president directly owned 145,250 shares in the company, valued at $42,058,590. The trade was a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 101,239 shares of company stock worth $27,174,360. 1.40% of the stock is owned by company insiders.
Palo Alto Networks Price Performance
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last announced its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.79 by $0.06. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. Palo Alto Networks’s revenue was up 31.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.37 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. Analysts forecast that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.
Wall Street Analysts Forecast Growth
PANW has been the subject of several recent research reports. Rosenblatt Securities upped their target price on Palo Alto Networks from $275.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. HSBC raised their price target on Palo Alto Networks from $114.00 to $207.00 in a report on Thursday, June 4th. Robert W. Baird set a $320.00 price objective on Palo Alto Networks in a research report on Wednesday, June 3rd. Morgan Stanley restated an “overweight” rating and set a $387.00 price objective (up from $320.00) on shares of Palo Alto Networks in a research note on Tuesday, July 21st. Finally, Weiss Ratings lowered Palo Alto Networks from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $339.61.
Get Our Latest Report on Palo Alto Networks
Palo Alto Networks Company Profile
Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.
The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.
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