1,253 Shares in Palo Alto Networks, Inc. $PANW Acquired by Caliber Wealth Management LLC KS

Key Points

• Caliber Wealth Management LLC KS acquired 1,253 shares of Palo Alto Networks, valued at approximately $256,000, in the second quarter of 2023.
• Palo Alto Networks reported a quarterly earnings per share (EPS) of $0.95, beating estimates and showing a 15.8% increase in revenue year-over-year.
• Safeguarding institutional interest, 79.82% of Palo Alto Networks stock is owned by institutional investors, with Goldman Sachs and Vanguard being major stakeholders.

Caliber Wealth Management LLC KS acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,253 shares of the network technology company's stock, valued at approximately $256,000.

Several other institutional investors have also recently modified their holdings of PANW. Nuveen LLC acquired a new position in shares of Palo Alto Networks during the 1st quarter worth approximately $810,047,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Palo Alto Networks during the 2nd quarter worth approximately $633,068,000. Goldman Sachs Group Inc. raised its position in shares of Palo Alto Networks by 41.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company's stock worth $1,234,650,000 after purchasing an additional 2,134,735 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Palo Alto Networks by 77.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company's stock worth $662,000,000 after purchasing an additional 1,688,432 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Palo Alto Networks by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company's stock worth $10,712,019,000 after purchasing an additional 1,541,637 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Stock Down 0.9%

Shares of NASDAQ PANW opened at $212.42 on Thursday. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $217.94. The firm has a fifty day moving average of $199.16 and a 200-day moving average of $191.31. The stock has a market capitalization of $142.09 billion, a PE ratio of 132.35, a P/E/G ratio of 5.10 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the previous year, the company earned $0.75 EPS. The business'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. Equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Activity at Palo Alto Networks

In related news, EVP Nir Zuk sold 100,000 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the sale, the executive vice president directly owned 3,143,516 shares of the company's stock, valued at approximately $543,199,564.80. This represents a 3.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the sale, the executive vice president directly owned 149,190 shares of the company's stock, valued at approximately $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. Over the last three months, insiders sold 1,315,130 shares of company stock worth $260,687,367. 2.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PANW. New Street Research lifted their price objective on Palo Alto Networks from $235.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Needham & Company LLC reaffirmed a "buy" rating and issued a $230.00 target price on shares of Palo Alto Networks in a research note on Wednesday, September 3rd. Barclays reaffirmed an "overweight" rating and issued a $215.00 target price (up from $210.00) on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Morgan Stanley lifted their target price on shares of Palo Alto Networks from $210.00 to $216.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Finally, BTIG Research raised shares of Palo Alto Networks from a "neutral" rating to a "buy" rating in a research note on Monday, October 13th. Thirty analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $217.22.

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.

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