Purkiss Capital Advisors LLC Boosts Stake in Palo Alto Networks, Inc. $PANW

Purkiss Capital Advisors LLC grew its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 267.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,208 shares of the network technology company’s stock after acquiring an additional 6,704 shares during the quarter. Palo Alto Networks comprises about 1.0% of Purkiss Capital Advisors LLC’s portfolio, making the stock its 19th biggest position. Purkiss Capital Advisors LLC’s holdings in Palo Alto Networks were worth $1,884,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in PANW. Motley Fool Asset Management LLC boosted its position in Palo Alto Networks by 13.9% during the second quarter. Motley Fool Asset Management LLC now owns 41,123 shares of the network technology company’s stock valued at $8,415,000 after purchasing an additional 5,024 shares in the last quarter. Advisory Alpha LLC raised its holdings in Palo Alto Networks by 29.1% in the second quarter. Advisory Alpha LLC now owns 2,917 shares of the network technology company’s stock worth $597,000 after purchasing an additional 658 shares in the last quarter. Rossby Financial LCC lifted its position in shares of Palo Alto Networks by 38.4% during the second quarter. Rossby Financial LCC now owns 743 shares of the network technology company’s stock valued at $152,000 after buying an additional 206 shares during the last quarter. Shilanski & Associates Inc. boosted its holdings in shares of Palo Alto Networks by 0.7% in the 2nd quarter. Shilanski & Associates Inc. now owns 8,757 shares of the network technology company’s stock valued at $1,792,000 after buying an additional 62 shares in the last quarter. Finally, Liberty Wealth Management LLC purchased a new position in shares of Palo Alto Networks in the 2nd quarter worth approximately $234,000. 79.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PANW. Westpark Capital reissued a “hold” rating on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Guggenheim upped their price target 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. DA Davidson reiterated a “buy” rating and set a $215.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Sanford C. Bernstein set a $207.00 price objective on Palo Alto Networks and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Finally, Morgan Stanley upped their target price on Palo Alto Networks from $210.00 to $216.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Thirty equities research 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $218.17.

Palo Alto Networks Price Performance

Shares of PANW stock opened at $220.29 on Tuesday. The business has a fifty day moving average of $201.67 and a 200 day moving average of $192.92. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $221.09. The firm has a market capitalization of $147.35 billion, a price-to-earnings ratio of 137.25, a price-to-earnings-growth ratio of 5.16 and a beta of 0.98.

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

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 846,408 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the completion of the sale, the chief executive officer directly owned 275,013 shares in the company, valued at approximately $56,119,152.78. The trade was a 75.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the completion of the sale, the executive vice president directly owned 149,190 shares in the company, valued at $31,616,344.80. This trade represents a 44.74% decrease in their ownership of the stock. 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 company insiders.

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.