Sound View Wealth Advisors Group LLC Boosts Stock Holdings in Palo Alto Networks, Inc. $PANW

Sound View Wealth Advisors Group LLC increased its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 31.6% during the 2nd quarter, Holdings Channel reports. The fund owned 9,459 shares of the network technology company’s stock after purchasing an additional 2,271 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Palo Alto Networks were worth $1,936,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PANW. Whipplewood Advisors LLC raised its position in Palo Alto Networks by 6,400.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 128 shares in the last quarter. Briaud Financial Planning Inc acquired a new position in shares of Palo Alto Networks during the second quarter worth about $28,000. Dagco Inc. purchased a new stake in shares of Palo Alto Networks during the first quarter worth approximately $33,000. Marshall & Sullivan Inc. WA acquired a new stake in Palo Alto Networks in the second quarter valued at approximately $41,000. Finally, Spurstone Advisory Services LLC acquired a new stake in Palo Alto Networks in the second quarter valued at approximately $41,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 846,408 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total value of $172,718,016.48. Following the completion of the sale, the chief executive officer owned 275,013 shares in the company, valued at approximately $56,119,152.78. The trade was a 75.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $219.97, for a total value of $153,979.00. Following the completion of the sale, the chief accounting officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,215,830 shares of company stock worth $249,160,428. 2.50% of the stock is currently owned by corporate insiders.

Palo Alto Networks Price Performance

Shares of PANW opened at $212.29 on Friday. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $223.61. The stock has a market cap of $142.00 billion, a PE ratio of 132.27, a price-to-earnings-growth ratio of 5.05 and a beta of 0.95. The firm has a fifty day moving average price of $207.16 and a 200 day moving average price of $195.99.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the company posted $0.75 earnings per share. 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. As a group, equities analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PANW shares. Piper Sandler upgraded shares of Palo Alto Networks from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $200.00 to $225.00 in a report on Tuesday, August 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, September 3rd. Bank of America increased their target price on Palo Alto Networks from $215.00 to $240.00 and gave the company a “buy” rating in a report on Monday, October 20th. Sanford C. Bernstein set a $207.00 price target on Palo Alto Networks and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of Palo Alto Networks in a report on Tuesday, August 19th. Thirty research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and a consensus target price of $218.17.

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.