Palo Alto Networks, Inc. $PANW Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC increased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 4.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,907 shares of the network technology company’s stock after buying an additional 2,757 shares during the period. Integrated Wealth Concepts LLC’s holdings in Palo Alto Networks were worth $21,111,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new position in Palo Alto Networks during the second quarter worth about $25,000. Knuff & Co LLC acquired a new stake in shares of Palo Alto Networks in the fourth quarter valued at approximately $26,000. Solstein Capital LLC acquired a new stake in shares of Palo Alto Networks in the second quarter valued at approximately $26,000. Sittner & Nelson LLC increased its stake in shares of Palo Alto Networks by 73.8% during the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock worth $27,000 after purchasing an additional 62 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Palo Alto Networks during the 2nd quarter worth approximately $27,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Palo Alto Networks

In other news, Director James Goetz sold 20,000 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the transaction, the director directly owned 20,000 shares in the company, valued at $5,598,000. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Josh Paul sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total transaction of $310,500.00. Following the completion of the sale, the chief accounting officer directly owned 79,644 shares in the company, valued at $27,477,180. This represents a 1.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 37,703 shares of company stock worth $10,900,823. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Barclays reaffirmed an “overweight” rating and issued a $375.00 target price (up from $370.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Wedbush boosted their price target on Palo Alto Networks from $300.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. FBN Securities restated an “outperform” rating on shares of Palo Alto Networks in a research report on Wednesday, July 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $390.00 price objective (up from $371.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Finally, Phillip Securities downgraded shares of Palo Alto Networks from a “moderate buy” rating to a “hold” rating and boosted their target price for the company from $320.00 to $346.00 in a research note on Monday. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $386.32.

Palo Alto Networks Stock Performance

Palo Alto Networks stock opened at $335.10 on Thursday. The firm has a market capitalization of $273.11 billion, a P/E ratio of 657.07, a PEG ratio of 9.73 and a beta of 0.91. The stock has a fifty day moving average price of $349.79 and a 200 day moving average price of $259.23. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $398.88. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%.The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the business posted $0.95 earnings per share. The firm’s revenue for the quarter was up 34.5% compared to the same quarter last year. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. Equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.3 earnings per share for the current year.

Palo Alto Networks Profile

Palo Alto Networks, Inc is a cybersecurity company that provides security products and services to businesses, governments and other organizations worldwide. The company helps customers protect networks, cloud environments, endpoints, applications and connected devices from cyber threats.

Its portfolio includes next-generation firewalls and network security technologies, as well as cloud-delivered security solutions such as Prisma Access and Prisma Cloud. Palo Alto Networks also offers Cortex products for endpoint protection, security operations, threat detection and response, and automation.