Atlantic Edge Private Wealth Management LLC Purchases 65 Shares of Palo Alto Networks, Inc. $PANW

Atlantic Edge Private Wealth Management LLC grew its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 36.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 241 shares of the network technology company’s stock after buying an additional 65 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in Palo Alto Networks were worth $49,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Pittenger & Anderson Inc. increased its position in shares of Palo Alto Networks by 11.1% in the second quarter. Pittenger & Anderson Inc. now owns 121,764 shares of the network technology company’s stock worth $24,918,000 after purchasing an additional 12,162 shares during the period. Bogart Wealth LLC increased its position in shares of Palo Alto Networks by 3.5% in the second quarter. Bogart Wealth LLC now owns 72,711 shares of the network technology company’s stock worth $14,880,000 after purchasing an additional 2,477 shares during the period. Canvas Wealth Advisors LLC increased its position in shares of Palo Alto Networks by 3.3% in the second quarter. Canvas Wealth Advisors LLC now owns 30,919 shares of the network technology company’s stock worth $6,323,000 after purchasing an additional 996 shares during the period. Crewe Advisors LLC increased its position in shares of Palo Alto Networks by 9.0% in the second quarter. Crewe Advisors LLC now owns 2,125 shares of the network technology company’s stock worth $435,000 after purchasing an additional 176 shares during the period. Finally, Evermay Wealth Management LLC increased its position in shares of Palo Alto Networks by 18.5% in the second quarter. Evermay Wealth Management LLC now owns 5,634 shares of the network technology company’s stock worth $1,153,000 after purchasing an additional 880 shares during the period. Institutional investors own 79.82% of the company’s stock.

Insider Activity

In other news, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the sale, the executive vice president directly owned 3,143,516 shares of the company’s stock, valued at approximately $543,199,564.80. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Nikesh Arora sold 846,408 shares of Palo Alto Networks stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total value of $172,718,016.48. Following the sale, the chief executive officer directly owned 275,013 shares in the company, valued at $56,119,152.78. The trade was a 75.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,315,130 shares of company stock valued at $260,687,367. 2.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PANW has been the topic of a number of recent analyst reports. DA Davidson restated a “buy” rating and issued a $215.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 19th. BTIG Research upgraded Palo Alto Networks from a “neutral” rating to a “buy” rating in a research report on Monday, October 13th. Scotiabank raised their price target on 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. JMP Securities reaffirmed a “market outperform” rating and issued a $212.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, KeyCorp lowered Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 31st. Thirty research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Palo Alto Networks currently has an average rating of “Moderate Buy” and an average target price of $216.60.

Palo Alto Networks Trading Up 1.9%

Shares of PANW stock opened at $211.82 on Tuesday. The business’s 50-day moving average price is $197.67 and its 200-day moving average price is $191.00. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $217.94. The firm has a market capitalization of $141.69 billion, a price-to-earnings ratio of 131.98, a PEG ratio of 4.94 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the firm posted $0.75 earnings per share. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, sell-side analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

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.