Canvas Wealth Advisors LLC Buys 996 Shares of Palo Alto Networks, Inc. $PANW

Canvas Wealth Advisors LLC boosted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,919 shares of the network technology company’s stock after purchasing an additional 996 shares during the quarter. Palo Alto Networks comprises approximately 1.3% of Canvas Wealth Advisors LLC’s investment portfolio, making the stock its 21st biggest position. Canvas Wealth Advisors LLC’s holdings in Palo Alto Networks were worth $6,323,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PANW. HWG Holdings LP bought a new position in Palo Alto Networks during the first quarter worth $31,000. Dagco Inc. acquired a new stake in shares of Palo Alto Networks during the first quarter worth $33,000. WPG Advisers LLC acquired a new stake in shares of Palo Alto Networks during the first quarter worth $37,000. Strategic Investment Solutions Inc. IL lifted its holdings in shares of Palo Alto Networks by 58.9% during the first quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock worth $38,000 after buying an additional 83 shares in the last quarter. Finally, Stonebridge Financial Group LLC lifted its holdings in shares of Palo Alto Networks by 46.8% during the first quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company’s stock worth $40,000 after buying an additional 74 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Stock Up 1.2%

PANW stock opened at $207.89 on Monday. The company has a market cap of $139.06 billion, a PE ratio of 129.53, a price-to-earnings-growth ratio of 4.94 and a beta of 0.98. The business has a 50-day simple moving average of $196.80 and a 200 day simple moving average of $190.59. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $217.94.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.Palo Alto Networks’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 earnings per share. 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, analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on PANW. Bank of America raised Palo Alto Networks from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a report on Tuesday, August 19th. Guggenheim lifted their target price on Palo Alto Networks from $130.00 to $135.00 and gave the stock a “sell” rating in a report on Tuesday, August 19th. Cantor Fitzgerald reissued an “overweight” rating and set a $223.00 target price on shares of Palo Alto Networks in a report on Friday, August 15th. DA Davidson reissued a “buy” rating and set a $215.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, Stephens reissued an “equal weight” rating and set a $205.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Thirty analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $216.60.

Insider Activity

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the completion of the transaction, the executive vice president owned 149,190 shares of the company’s stock, valued at approximately $31,616,344.80. The trade was a 44.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 700 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $202.16, for a total value of $141,512.00. Following the transaction, the chief accounting officer directly owned 32,474 shares of the company’s stock, valued at approximately $6,564,943.84. The trade was a 2.11% 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 valued at $260,687,367. Corporate insiders own 2.50% of the company’s stock.

About Palo Alto Networks

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.