1,332 Shares in Palo Alto Networks, Inc. $PANW Acquired by Turning Point Benefit Group Inc.

Key Points

• Turning Point Benefit Group Inc. acquired 1,332 shares of Palo Alto Networks, valued at approximately $273,000, during the second quarter.
• Insider selling included EVP Dipak Golechha offloading 5,000 shares for over $1 million, resulting in a 4.94% decrease in his ownership.
• Wall Street analysts have rated Palo Alto Networks with a consensus of "Moderate Buy" and a price target of $217.22, indicating positive sentiment among investors.

Turning Point Benefit Group Inc. bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,332 shares of the network technology company's stock, valued at approximately $273,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Dagco Inc. acquired a new position in shares of Palo Alto Networks in the 1st quarter valued at about $33,000. WPG Advisers LLC purchased a new stake in Palo Alto Networks during the first quarter worth $37,000. Strategic Investment Solutions Inc. IL grew its position in Palo Alto Networks by 58.9% during the first quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock valued at $38,000 after buying an additional 83 shares during the period. Stonebridge Financial Group LLC increased its holdings in Palo Alto Networks by 46.8% in the first quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company's stock valued at $40,000 after buying an additional 74 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in shares of Palo Alto Networks in the second quarter worth about $41,000. 79.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of the company's stock in a transaction on 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 transaction, the executive vice president owned 96,135 shares of the company's stock, valued at $19,629,805.65. This represents a 4.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the business's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total transaction of $141,512.00. Following the completion of the sale, the chief accounting officer owned 32,474 shares in the company, valued at approximately $6,564,943.84. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,315,130 shares of company stock worth $260,687,367. Corporate insiders own 2.50% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PANW shares. Piper Sandler upgraded Palo Alto Networks from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $200.00 to $225.00 in a research note on Tuesday, August 12th. Weiss Ratings restated a "hold (c+)" rating on shares of Palo Alto Networks in a research report on Wednesday, October 8th. KeyCorp lowered shares of Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 31st. Tigress Financial began 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 target for the company. Finally, Rosenblatt Securities lowered their price objective on Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday, August 14th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $217.22.

Palo Alto Networks Trading Up 1.1%

PANW stock opened at $214.73 on Thursday. The firm has a 50-day moving average of $199.16 and a two-hundred day moving average of $191.31. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $217.94. The company has a market cap of $143.63 billion, a price-to-earnings ratio of 133.65, a PEG ratio of 5.10 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business earned $0.75 earnings per share. The business's 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 analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Palo Alto Networks Company 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.

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