Fulton Breakefield Broenniman LLC Takes $273,000 Position in Palo Alto Networks, Inc. $PANW

Fulton Breakefield Broenniman LLC purchased a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,335 shares of the network technology company’s stock, valued at approximately $273,000.

Other hedge funds have also recently added to or reduced their stakes in the company. HWG Holdings LP acquired a new stake in shares of Palo Alto Networks in the first quarter valued at approximately $31,000. Dagco Inc. bought a new position in Palo Alto Networks in the 1st quarter valued at $33,000. WPG Advisers LLC acquired a new stake in shares of Palo Alto Networks in the 1st quarter valued at $37,000. Strategic Investment Solutions Inc. IL raised its position 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 acquiring an additional 83 shares during the last quarter. Finally, Stonebridge Financial Group LLC raised its position 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 acquiring an additional 74 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Up 3.2%

Shares of NASDAQ PANW opened at $217.79 on Thursday. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $217.94. The stock has a market cap of $145.68 billion, a price-to-earnings ratio of 135.69, a P/E/G ratio of 5.02 and a beta of 0.98. The company’s fifty day moving average is $191.40 and its 200-day moving average is $188.81.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 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 business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business posted $0.75 EPS. The firm’s 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. On average, research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Lee Klarich sold 120,774 shares of the company’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 directly owned 149,190 shares of the company’s stock, valued at $31,616,344.80. This represents a 44.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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. Insiders sold a total of 1,315,130 shares of company stock worth $260,687,367 in the last ninety days. 2.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on PANW. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, September 3rd. Tigress Financial initiated coverage on shares of Palo Alto Networks in a research note on Friday, September 26th. They set a “buy” rating and a $245.00 price target for the company. Piper Sandler upgraded shares of Palo Alto Networks from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $200.00 to $225.00 in a report on Tuesday, August 12th. Morgan Stanley lifted their target price on shares of Palo Alto Networks from $210.00 to $216.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Finally, 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. Twenty-eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.95.

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.