New Wave Wealth Advisors LLC Buys Shares of 985 Palo Alto Networks, Inc. $PANW

New Wave Wealth Advisors LLC purchased a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 985 shares of the network technology company’s stock, valued at approximately $202,000.

Several other institutional investors have also added to or reduced their stakes in the business. Community Financial Services Group LLC boosted its holdings in Palo Alto Networks by 0.9% in the second quarter. Community Financial Services Group LLC now owns 44,847 shares of the network technology company’s stock worth $9,177,000 after acquiring an additional 415 shares in the last quarter. NRI Wealth Management LC acquired a new stake in Palo Alto Networks in the second quarter worth about $616,000. SOA Wealth Advisors LLC. boosted its holdings in Palo Alto Networks by 2.8% in the second quarter. SOA Wealth Advisors LLC. now owns 17,179 shares of the network technology company’s stock worth $3,516,000 after acquiring an additional 467 shares in the last quarter. Vigilare Wealth Management boosted its holdings in Palo Alto Networks by 163.4% in the second quarter. Vigilare Wealth Management now owns 5,455 shares of the network technology company’s stock worth $1,116,000 after acquiring an additional 3,384 shares in the last quarter. Finally, First Pacific Financial boosted its holdings in Palo Alto Networks by 52.9% in the second quarter. First Pacific Financial now owns 364 shares of the network technology company’s stock worth $74,000 after acquiring an additional 126 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total value of $1,020,950.00. Following the transaction, the executive vice president owned 96,135 shares of the company’s stock, valued at $19,629,805.65. This represents a 4.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Nikesh Arora sold 846,408 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total value of $172,718,016.48. Following the completion of the transaction, the chief executive officer directly owned 275,013 shares in the company, valued at approximately $56,119,152.78. This trade represents a 75.48% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,314,430 shares of company stock worth $259,210,094. Corporate insiders own 2.50% of the company’s stock.

Palo Alto Networks Stock Up 1.6%

Shares of Palo Alto Networks stock opened at $206.80 on Thursday. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $210.39. The business’s fifty day simple moving average is $189.95 and its 200-day simple moving average is $187.87. The firm has a market cap of $138.33 billion, a PE ratio of 128.85, a price-to-earnings-growth ratio of 4.85 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 EPS 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 analyst estimates of $2.50 billion. During the same quarter in the prior year, the company posted $0.75 EPS. The company’s quarterly revenue 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. As a group, equities analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PANW shares. Scotiabank raised their price target on Palo Alto Networks from $225.00 to $228.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 19th. DA Davidson reissued a “buy” rating and issued a $215.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. UBS Group set a $245.00 target price on Palo Alto Networks in a report on Friday, September 26th. BMO Capital Markets lifted their target price on Palo Alto Networks from $217.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Finally, Morgan Stanley lifted their target price on Palo Alto Networks from $210.00 to $216.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Thirty investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.64.

Palo Alto Networks 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.