Ergawealth Advisors Inc. Purchases Shares of 986 Palo Alto Networks, Inc. $PANW

Ergawealth Advisors Inc. acquired a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 986 shares of the network technology company’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also modified their holdings of the company. HWG Holdings LP acquired a new position in shares of Palo Alto Networks in the 1st quarter valued at $31,000. Dagco Inc. acquired a new stake in shares of Palo Alto Networks during the 1st quarter valued at about $33,000. Marshall & Sullivan Inc. WA bought a new stake in Palo Alto Networks in the second quarter valued at about $41,000. WPG Advisers LLC bought a new stake in Palo Alto Networks in the first quarter valued at about $37,000. Finally, Strategic Investment Solutions Inc. IL raised its position in Palo Alto Networks by 58.9% in the first quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock worth $38,000 after purchasing an additional 83 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Lee Klarich sold 120,774 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $171.58, for a total transaction of $20,722,402.92. Following the completion of the transaction, the executive vice president directly owned 206,718 shares in the company, valued at approximately $35,468,674.44. The trade was a 36.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the 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 completion of the sale, the chief accounting officer owned 32,474 shares in the company, valued at $6,564,943.84. This represents 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 have sold 1,315,130 shares of company stock valued at $259,351,606. Insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

PANW has been the topic of a number of recent research reports. KeyCorp downgraded Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 31st. Scotiabank boosted their price target on Palo Alto Networks from $225.00 to $228.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 19th. Barclays reiterated an “overweight” rating and issued a $215.00 price target (up from $210.00) on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Westpark Capital restated a “hold” rating on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 target price on shares of Palo Alto Networks in a report on Wednesday, September 3rd. Thirty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $214.64.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $207.19 on Friday. The firm’s 50 day moving average price is $190.20 and its two-hundred day moving average price is $188.21. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $212.10. The stock has a market cap of $138.59 billion, a PE ratio of 129.09, a PEG ratio of 4.93 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 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 company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the company posted $0.75 EPS. The business’s revenue for the quarter 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. As a group, sell-side analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal 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.