CreativeOne Wealth LLC increased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 9.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,348 shares of the network technology company’s stock after buying an additional 2,378 shares during the period. CreativeOne Wealth LLC’s holdings in Palo Alto Networks were worth $5,596,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. St. Clair Advisors LLC increased its stake in shares of Palo Alto Networks by 0.3% during the 2nd quarter. St. Clair Advisors LLC now owns 15,800 shares of the network technology company’s stock worth $3,233,000 after purchasing an additional 50 shares during the last quarter. Astoria Portfolio Advisors LLC. increased its position in Palo Alto Networks by 2.1% during the second quarter. Astoria Portfolio Advisors LLC. now owns 2,467 shares of the network technology company’s stock worth $496,000 after buying an additional 50 shares during the last quarter. TFG Advisers LLC raised its stake in Palo Alto Networks by 1.1% in the second quarter. TFG Advisers LLC now owns 4,668 shares of the network technology company’s stock valued at $955,000 after buying an additional 53 shares during the period. GSG Advisors LLC lifted its position in shares of Palo Alto Networks by 0.4% in the first quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company’s stock valued at $2,154,000 after buying an additional 54 shares during the last quarter. Finally, Investment Advisory Services Inc. TX ADV boosted its stake in shares of Palo Alto Networks by 4.6% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 1,257 shares of the network technology company’s stock worth $257,000 after acquiring an additional 55 shares during the period. 79.82% of the stock is owned by institutional investors.
Analysts Set New Price Targets
PANW has been the topic of a number of research analyst reports. New Street Research increased their price target on Palo Alto Networks from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Jefferies Financial Group restated a “buy” rating and set a $250.00 target price (up previously from $235.00) on shares of Palo Alto Networks in a research note on Tuesday, November 11th. Tigress Financial began coverage on shares of Palo Alto Networks in a research note on Friday, September 26th. They set a “buy” rating and a $245.00 target price for the company. Barclays upped their price target on shares of Palo Alto Networks from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Finally, Mizuho raised their price objective on shares of Palo Alto Networks from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, November 17th. Thirty analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $225.09.
Insider Buying and Selling
In related news, CAO Josh D. Paul sold 700 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $219.97, for a total value of $153,979.00. Following the completion of the transaction, the chief accounting officer owned 47,505 shares of the company’s stock, valued at $10,449,674.85. The trade was a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Lee Klarich sold 120,774 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the sale, the executive vice president owned 177,954 shares in the company, valued at $34,008,788.94. The trade was a 40.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,215,130 shares of company stock worth $249,031,488 over the last three months. Company insiders own 1.40% of the company’s stock.
Palo Alto Networks Stock Up 0.5%
NASDAQ PANW opened at $183.89 on Tuesday. The firm has a 50-day moving average price of $208.42 and a two-hundred day moving average price of $197.40. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $223.61. The company has a market capitalization of $128.17 billion, a P/E ratio of 116.39, a P/E/G ratio of 4.29 and a beta of 0.95.
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last released its quarterly earnings results on Wednesday, November 19th. The network technology company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.46 billion. Palo Alto Networks had a net margin of 11.69% and a return on equity of 17.05%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.56 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.800-3.900 EPS. Q2 2026 guidance at 0.930-0.950 EPS. Equities analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current 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.
Read More
- Five stocks we like better than Palo Alto Networks
- What is Forex and How Does it Work?
- D-Wave: Time to Buy the Dip? Or is the Fall Just Starting?
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Hims, Block, and NRG Just Launched Huge Stock Buybacks
- What is the Hang Seng index?
- Retail Earnings Roundup: Walmart Scores, Target Slumps in Q3
Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report).
Receive News & Ratings for Palo Alto Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks and related companies with MarketBeat.com's FREE daily email newsletter.
