Fortis Capital Advisors LLC Buys Shares of 4,440 Palo Alto Networks, Inc. $PANW

Fortis Capital Advisors LLC bought a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the second quarter, Holdings Channel reports. The fund bought 4,440 shares of the network technology company’s stock, valued at approximately $909,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Palo Alto Networks by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company’s stock valued at $10,712,019,000 after purchasing an additional 1,541,637 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Palo Alto Networks by 41.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company’s stock worth $1,234,650,000 after buying an additional 2,134,735 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Palo Alto Networks by 16.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,902,048 shares of the network technology company’s stock worth $1,177,765,000 after buying an additional 950,765 shares during the last quarter. Nuveen LLC purchased a new position in shares of Palo Alto Networks in the 1st quarter worth approximately $810,047,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Palo Alto Networks by 5.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,422,037 shares of the network technology company’s stock worth $754,576,000 after buying an additional 219,111 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Trading Down 1.0%

Shares of NASDAQ PANW opened at $207.19 on Friday. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $212.10. The company has a 50 day simple moving average of $190.20 and a two-hundred day simple moving average of $188.20. The stock has a market cap of $138.59 billion, a price-to-earnings ratio of 129.09, a PEG ratio of 4.98 and a beta of 0.98.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PANW shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $232.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Sanford C. Bernstein set a $207.00 price objective on shares of Palo Alto Networks and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Wedbush reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Palo Alto Networks in a research report on Monday, September 15th. Piper Sandler upgraded shares of Palo Alto Networks from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $200.00 to $225.00 in a research note on Tuesday, August 12th. Finally, KeyCorp cut shares of Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 31st. Thirty analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.64.

Insider Buying and Selling 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 that occurred on Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the completion of the sale, the executive vice president directly owned 96,135 shares in the company, valued at approximately $19,629,805.65. The trade was a 4.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total transaction of $141,512.00. Following the sale, the chief accounting officer owned 32,474 shares of the company’s stock, valued at approximately $6,564,943.84. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,315,130 shares of company stock worth $259,351,606. Corporate insiders own 2.50% of the company’s stock.

Palo Alto Networks Company 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.