Legal Advantage Investments Inc. Has $5.73 Million Position in Palo Alto Networks, Inc. $PANW

Legal Advantage Investments Inc. grew its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 0.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,000 shares of the network technology company’s stock after buying an additional 60 shares during the quarter. Palo Alto Networks accounts for about 2.7% of Legal Advantage Investments Inc.’s portfolio, making the stock its 11th largest holding. Legal Advantage Investments Inc.’s holdings in Palo Alto Networks were worth $5,730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC raised its position in shares of Palo Alto Networks by 24.5% in the 2nd quarter. CWM LLC now owns 74,571 shares of the network technology company’s stock valued at $15,260,000 after buying an additional 14,661 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Palo Alto Networks by 13.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 98,891 shares of the network technology company’s stock valued at $20,243,000 after buying an additional 12,019 shares in the last quarter. Johnson Investment Counsel Inc. raised its position in shares of Palo Alto Networks by 5.3% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 21,205 shares of the network technology company’s stock valued at $4,339,000 after buying an additional 1,076 shares in the last quarter. waypoint wealth counsel acquired a new position in Palo Alto Networks during the 2nd quarter worth approximately $286,000. Finally, Apollon Wealth Management LLC increased its position in Palo Alto Networks by 10.3% during the 2nd quarter. Apollon Wealth Management LLC now owns 94,572 shares of the network technology company’s stock worth $19,353,000 after purchasing an additional 8,835 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Price Performance

PANW opened at $208.55 on Friday. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $217.94. The firm has a market capitalization of $139.50 billion, a price-to-earnings ratio of 129.94, a PEG ratio of 4.96 and a beta of 0.98. The company’s 50 day moving average price is $192.94 and its two-hundred day moving average price is $189.17.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the firm posted $0.75 EPS. The company’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, equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Activity

In other news, CEO Nikesh Arora sold 846,408 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $56,119,152.78. This represents a 75.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the completion of the sale, the executive vice president directly owned 149,190 shares in the company, valued at approximately $31,616,344.80. This represents a 44.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,315,130 shares of company stock worth $260,687,367. Company insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

PANW has been the subject of a number of research analyst reports. BMO Capital Markets upped their price objective on shares of Palo Alto Networks from $217.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. New Street Research upped their price objective on shares of Palo Alto Networks from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Bank of America upgraded shares of Palo Alto Networks from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research report on Tuesday, August 19th. Cantor Fitzgerald reiterated an “overweight” rating and set a $223.00 price objective on shares of Palo Alto Networks in a research report on Friday, August 15th. Finally, Stephens reiterated an “equal weight” rating and set a $205.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Twenty-eight investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $214.95.

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.