Vertrix Wealth Management LLC Decreases Position in Palo Alto Networks, Inc. $PANW

Vertrix Wealth Management LLC lessened its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 29.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,290 shares of the network technology company’s stock after selling 2,217 shares during the quarter. Vertrix Wealth Management LLC’s holdings in Palo Alto Networks were worth $1,804,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC purchased a new position in shares of Palo Alto Networks during the 2nd quarter valued at $25,000. Steph & Co. increased its holdings in Palo Alto Networks by 88.2% in the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock worth $26,000 after acquiring an additional 67 shares during the last quarter. Knuff & Co LLC purchased a new stake in Palo Alto Networks in the 4th quarter worth about $26,000. Sittner & Nelson LLC raised its stake in Palo Alto Networks by 73.8% in the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after acquiring an additional 62 shares during the period. Finally, Luken Investment Analytics LLC raised its stake in Palo Alto Networks by 196.2% in the 4th quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock valued at $28,000 after acquiring an additional 102 shares during the period. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Wall Street Analysts Forecast Growth

PANW has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Palo Alto Networks from $200.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Oppenheimer reissued an “outperform” rating and issued a $400.00 price target (up from $350.00) on shares of Palo Alto Networks in a research report on Tuesday, August 4th. The Goldman Sachs Group restated a “buy” rating and set a $330.00 price target on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. TD Cowen reaffirmed a “buy” rating on shares of Palo Alto Networks in a report on Thursday. Finally, Sanford C. Bernstein lifted their price objective on shares of Palo Alto Networks from $209.00 to $253.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $333.76.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.90, for a total value of $5,598,000.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Josh D. Paul sold 900 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total transaction of $310,500.00. Following the completion of the transaction, the chief accounting officer directly owned 79,644 shares of the company’s stock, valued at approximately $27,477,180. The trade was a 1.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 101,239 shares of company stock worth $27,174,360 in the last ninety days. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

PANW stock opened at $363.86 on Monday. The stock has a 50-day simple moving average of $317.88 and a two-hundred day simple moving average of $228.49. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $376.98. The firm has a market capitalization of $296.55 billion, a PE ratio of 298.25, a PEG ratio of 12.21 and a beta of 0.91. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the firm posted $0.37 earnings per share. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. On average, equities analysts predict that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

Palo Alto Networks Company Profile

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next?generation firewalls as a core on?premises capability, alongside cloud?delivered security services and software for securing public and private clouds.