Axxcess Wealth Management LLC Purchases 1,140 Shares of Palo Alto Networks, Inc. $PANW

Axxcess Wealth Management LLC boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 18.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 7,370 shares of the network technology company’s stock after buying an additional 1,140 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Palo Alto Networks were worth $1,508,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Moran Wealth Management LLC boosted its holdings in Palo Alto Networks by 3,826.5% in the second quarter. Moran Wealth Management LLC now owns 63,688 shares of the network technology company’s stock valued at $13,033,000 after acquiring an additional 62,066 shares during the last quarter. Cornerstone Wealth Group LLC boosted its holdings in Palo Alto Networks by 1.1% in the second quarter. Cornerstone Wealth Group LLC now owns 27,416 shares of the network technology company’s stock valued at $5,610,000 after acquiring an additional 294 shares during the last quarter. Community Bank N.A. boosted its holdings in Palo Alto Networks by 19.6% in the second quarter. Community Bank N.A. now owns 8,017 shares of the network technology company’s stock valued at $1,641,000 after acquiring an additional 1,316 shares during the last quarter. NorthRock Partners LLC boosted its holdings in Palo Alto Networks by 9.1% in the second quarter. NorthRock Partners LLC now owns 10,886 shares of the network technology company’s stock valued at $2,228,000 after acquiring an additional 908 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in Palo Alto Networks by 5.3% in the second quarter. Verdence Capital Advisors LLC now owns 2,432 shares of the network technology company’s stock valued at $498,000 after acquiring an additional 122 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Insider Activity

In related news, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $211.92, for a total value of $25,594,426.08. Following the sale, the executive vice president owned 149,190 shares of the company’s stock, valued at approximately $31,616,344.80. This trade represents a 44.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $172.80, for a total value of $17,280,000.00. Following the completion of the sale, the executive vice president directly owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. This represents a 3.08% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,315,130 shares of company stock worth $260,687,367. 2.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PANW has been the topic of a number of recent analyst reports. BTIG Research upgraded Palo Alto Networks from a “neutral” rating to a “buy” rating in a report on Monday. Cantor Fitzgerald restated an “overweight” rating and set a $223.00 target price on shares of Palo Alto Networks in a report on Friday, August 15th. Stephens restated an “equal weight” rating and set a $205.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Barclays restated an “overweight” rating and set a $215.00 target price (up previously from $210.00) on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, Truist Financial set a $220.00 target price on Palo Alto Networks and gave the stock a “buy” rating in a report on Tuesday, August 19th. Twenty-nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.00.

Palo Alto Networks Price Performance

NASDAQ:PANW opened at $206.70 on Thursday. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $217.94. The stock has a market capitalization of $138.26 billion, a PE ratio of 128.79, a price-to-earnings-growth ratio of 4.93 and a beta of 0.98. The business’s 50-day simple moving average is $195.23 and its 200-day simple moving average is $189.80.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating 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 business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the business posted $0.75 EPS. Palo Alto Networks’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, research analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current 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.