Joseph P. Lucia & Associates LLC Acquires Shares of 1,115 Palo Alto Networks, Inc. $PANW

Joseph P. Lucia & Associates LLC acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,115 shares of the network technology company’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also bought and sold shares of PANW. Brighton Jones LLC grew its holdings in Palo Alto Networks by 147.7% during the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after purchasing an additional 4,031 shares during the period. Bison Wealth LLC lifted its position in shares of Palo Alto Networks by 169.1% during the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after acquiring an additional 3,275 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Palo Alto Networks by 10.8% during the first quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company’s stock worth $2,410,000 after acquiring an additional 1,374 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Palo Alto Networks by 205.6% during the first quarter. Avior Wealth Management LLC now owns 2,145 shares of the network technology company’s stock worth $366,000 after acquiring an additional 1,443 shares in the last quarter. Finally, Shum Financial Group Inc. lifted its position in shares of Palo Alto Networks by 6.6% during the first quarter. Shum Financial Group Inc. now owns 3,777 shares of the network technology company’s stock worth $645,000 after acquiring an additional 233 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PANW has been the topic of several recent research reports. KeyCorp downgraded Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 31st. Cantor Fitzgerald restated an “overweight” rating and set a $223.00 target price on shares of Palo Alto Networks in a research report on Friday, August 15th. Sanford C. Bernstein set a $207.00 target price on Palo Alto Networks and gave the stock an “outperform” rating in a research 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 research report on Tuesday, August 19th. Finally, Guggenheim increased their target price on Palo Alto Networks from $130.00 to $135.00 and gave the stock a “sell” rating in a research report on Tuesday, August 19th. Thirty equities research 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $216.60.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $207.89 on Monday. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $217.94. The company has a market capitalization 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’s fifty day moving average is $196.80 and its 200 day moving average is $190.59.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $2.54 billion for 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%.The firm’s revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the business posted $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, sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Nikesh Arora sold 846,408 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total value of $172,718,016.48. Following the transaction, the chief executive officer owned 275,013 shares of the company’s stock, valued at $56,119,152.78. This represents a 75.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $211.92, for a total value of $25,594,426.08. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 1,315,130 shares of company stock valued at $260,687,367 over the last quarter. 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.