Wealthspire Advisors LLC Buys 1,407 Shares of Palo Alto Networks, Inc. $PANW

Wealthspire Advisors LLC lifted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 10.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,087 shares of the network technology company’s stock after acquiring an additional 1,407 shares during the quarter. Wealthspire Advisors LLC’s holdings in Palo Alto Networks were worth $3,087,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC boosted its holdings in Palo Alto Networks by 6,400.0% in the second quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company’s stock worth $27,000 after purchasing an additional 128 shares during the last quarter. Briaud Financial Planning Inc bought a new position in shares of Palo Alto Networks during the 2nd quarter valued at $28,000. MTM Investment Management LLC bought a new position in shares of Palo Alto Networks during the 2nd quarter valued at $31,000. Dagco Inc. bought a new stake in shares of Palo Alto Networks in the first quarter worth $33,000. Finally, WPG Advisers LLC bought a new stake in shares of Palo Alto Networks in the first quarter worth $37,000. Institutional investors own 79.82% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on PANW. Sanford C. Bernstein raised their target price on Palo Alto Networks from $207.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday. UBS Group raised their price objective on shares of Palo Alto Networks from $200.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Wedbush reaffirmed an “outperform” rating and set a $225.00 target price on shares of Palo Alto Networks in a report on Thursday. Royal Bank Of Canada lifted their price target on shares of Palo Alto Networks from $232.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. Finally, Tigress Financial started coverage on shares of Palo Alto Networks in a research report on Friday, September 26th. They set a “buy” rating and a $245.00 price objective for the company. Twenty-nine investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average target price of $224.81.

Palo Alto Networks Trading Down 0.5%

Shares of PANW opened at $199.90 on Thursday. The business’s 50 day moving average is $209.31 and its 200 day moving average is $197.43. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $223.61. The company has a market capitalization of $136.73 billion, a PE ratio of 124.55, a price-to-earnings-growth ratio of 4.78 and a beta of 0.95.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Wednesday, November 19th. The network technology company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.46 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the firm posted $1.56 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.800-3.900 EPS. Q2 2026 guidance at 0.930-0.950 EPS. Equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Activity at Palo Alto Networks

In other news, CEO Nikesh Arora sold 846,408 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the completion of the transaction, the chief executive officer owned 275,013 shares in the company, valued at $56,119,152.78. This trade represents a 75.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 96,135 shares in the company, valued at $19,629,805.65. This trade represents a 4.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,215,130 shares of company stock valued at $249,031,488. Insiders own 1.40% of the company’s stock.

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.