Forbes J M & Co. LLP Increases Position in Palo Alto Networks, Inc. $PANW

Forbes J M & Co. LLP increased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,301 shares of the network technology company’s stock after acquiring an additional 98 shares during the quarter. Forbes J M & Co. LLP’s holdings in Palo Alto Networks were worth $7,633,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC raised its position in shares of Palo Alto Networks by 7.5% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 3,581 shares of the network technology company’s stock valued at $733,000 after purchasing an additional 251 shares in the last quarter. Rogco LP grew its position in shares of Palo Alto Networks by 1.7% during the second quarter. Rogco LP now owns 4,179 shares of the network technology company’s stock worth $855,000 after buying an additional 68 shares in the last quarter. Impact Capital Partners LLC increased its stake in shares of Palo Alto Networks by 4.2% in the second quarter. Impact Capital Partners LLC now owns 1,501 shares of the network technology company’s stock worth $307,000 after buying an additional 60 shares during the last quarter. Childress Capital Advisors LLC raised its holdings in Palo Alto Networks by 16.9% in the second quarter. Childress Capital Advisors LLC now owns 1,768 shares of the network technology company’s stock valued at $362,000 after acquiring an additional 255 shares in the last quarter. Finally, PFG Investments LLC boosted its stake in Palo Alto Networks by 12.6% during the 2nd quarter. PFG Investments LLC now owns 17,089 shares of the network technology company’s stock valued at $3,497,000 after acquiring an additional 1,911 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the sale, the executive vice president owned 96,135 shares of the company’s stock, valued at $19,629,805.65. The trade was a 4.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 3,143,516 shares in the company, valued at $543,199,564.80. This trade represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,314,430 shares of company stock worth $259,210,094 over the last quarter. Insiders own 2.50% of the company’s stock.

Palo Alto Networks Stock Performance

PANW stock opened at $203.62 on Wednesday. The stock has a market capitalization of $136.20 billion, a price-to-earnings ratio of 126.87, a PEG ratio of 4.86 and a beta of 0.98. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $210.39. The stock’s fifty day moving average is $189.80 and its two-hundred day moving average is $187.74.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly 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 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 quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. As a group, analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

PANW has been the subject of several research analyst reports. Scotiabank boosted their target price on shares of Palo Alto Networks from $225.00 to $228.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 19th. Stephens reissued an “equal weight” rating and issued a $205.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. UBS Group set a $245.00 target price on Palo Alto Networks in a report on Friday. Wedbush reiterated an “outperform” rating and issued a $225.00 price target on shares of Palo Alto Networks in a report on Monday, September 15th. Finally, Piper Sandler raised Palo Alto Networks from a “neutral” rating to an “overweight” rating and upped their price target for the company from $200.00 to $225.00 in a research report on Tuesday, August 12th. Thirty analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $214.64.

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.