Visionary Wealth Advisors Makes New $941,000 Investment in Palo Alto Networks, Inc. $PANW

Visionary Wealth Advisors bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,758 shares of the network technology company’s stock, valued at approximately $941,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Palo Alto Networks during the 2nd quarter valued at about $25,833,462,000. Norges Bank acquired a new stake in Palo Alto Networks during the fourth quarter worth about $1,415,364,000. Bank of New York Mellon Corp acquired a new stake in Palo Alto Networks during the second quarter worth about $1,569,755,000. Deutsche Bank AG purchased a new position in Palo Alto Networks during the second quarter worth about $1,481,236,000. Finally, Bank of America Corp DE raised its stake in Palo Alto Networks by 16.0% during the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock worth $3,603,473,000 after purchasing an additional 3,101,267 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays reissued an “overweight” rating and issued a $370.00 price target (up from $315.00) on shares of Palo Alto Networks in a research note on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of Palo Alto Networks from $200.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Berenberg Bank upped their price objective on Palo Alto Networks from $290.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $434.00 price objective (up from $330.00) on shares of Palo Alto Networks in a research report on Friday, August 14th. Finally, UBS Group restated a “neutral” rating and issued a $390.00 target price (up from $300.00) on shares of Palo Alto Networks in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $364.00.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $350.90 on Tuesday. The company’s 50 day simple moving average is $338.70 and its 200-day simple moving average is $243.49. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $398.88. The company has a market capitalization of $285.98 billion, a price-to-earnings ratio of 287.62, a price-to-earnings-growth ratio of 12.00 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. The firm’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the company posted $0.37 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. As a group, equities research analysts expect that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Insider Activity at Palo Alto Networks

In other news, CAO Josh D. Paul sold 900 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total transaction of $310,500.00. Following the sale, the chief accounting officer owned 79,644 shares of the company’s stock, valued at approximately $27,477,180. This represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Aparna Bawa sold 290 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $348.74, for a total transaction of $101,134.60. Following the sale, the director owned 6,437 shares in the company, valued at approximately $2,244,839.38. This trade represents a 4.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 37,935 shares of company stock valued at $10,809,461. 1.40% of the stock is owned by company insiders.

About Palo Alto Networks

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next?generation firewalls as a core on?premises capability, alongside cloud?delivered security services and software for securing public and private clouds.