Iams Wealth Management LLC Buys New Position in Palo Alto Networks, Inc. $PANW

Posted by Brian Himes on Oct 16th, 2026

Iams Wealth Management LLC bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,139 shares of the network technology company’s stock, valued at approximately $850,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Palo Alto Networks in the second quarter worth $25,833,462,000. State Street Corp increased its position in shares of Palo Alto Networks by 4.2% during the second quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock worth $12,610,748,000 after acquiring an additional 1,493,179 shares during the period. Bank of America Corp DE raised its stake in shares of Palo Alto Networks by 0.9% in the second quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock valued at $7,734,973,000 after acquiring an additional 205,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Palo Alto Networks by 8.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company’s stock valued at $2,993,802,000 after acquiring an additional 706,003 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Palo Alto Networks by 4.4% in the first quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company’s stock valued at $1,036,648,000 after acquiring an additional 273,103 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wedbush began coverage on Palo Alto Networks in a report on Friday, September 11th. They issued an “outperform” rating and a $400.00 target price for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $430.00 price target (up from $350.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Loop Capital upped their price target on Palo Alto Networks from $290.00 to $350.00 and gave the stock a “hold” rating in a report on Friday, August 21st. Northland Securities set a $360.00 price target on Palo Alto Networks and gave the company a “market perform” rating in a research report on Wednesday, September 2nd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $450.00 price objective (up from $335.00) on shares of Palo Alto Networks in a research note on Friday, August 28th. Thirty-nine analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $393.02.

View Our Latest Analysis on PANW

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, Director John Key sold 2,500 shares of Palo Alto Networks stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $376.03, for a total transaction of $940,075.00. Following the completion of the sale, the director directly owned 10,000 shares of the company’s stock, valued at $3,760,300. The trade was a 20.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Aparna Bawa sold 1,000 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $373.61, for a total value of $373,610.00. Following the transaction, the director directly owned 5,437 shares of the company’s stock, valued at approximately $2,031,317.57. This represents a 15.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 54,210 shares of company stock valued at $20,823,029 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Palo Alto Networks Trading Down 1.3%

Shares of NASDAQ:PANW opened at $370.27 on Friday. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $432.33. The company’s 50 day moving average is $373.10 and its two-hundred day moving average is $300.73. The company has a market cap of $302.88 billion, a PE ratio of 726.03, a P/E/G ratio of 10.79 and a beta of 0.93. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last released its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.04. The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The company’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.95 EPS. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. Equities analysts predict that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.

Palo Alto Networks Profile

(Free Report)

Palo Alto Networks, Inc is a cybersecurity company that provides solutions designed to help organizations protect networks, endpoints, cloud environments, applications and users from cyber threats. Its offerings include next-generation firewalls, cloud-delivered security services, secure access service edge (SASE) solutions, endpoint protection and security operations tools.

The company also provides platforms and services for cloud security, threat intelligence, incident response, vulnerability management and the automation of security operations.