2,007 Shares in Palo Alto Networks, Inc. $PANW Acquired by Destiny Wealth Partners LLC

Destiny Wealth Partners LLC acquired a new position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,007 shares of the network technology company's stock, valued at approximately $411,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Palo Alto Networks during the 1st quarter valued at $261,000. Strive Asset Management LLC boosted its stake in shares of Palo Alto Networks by 16.6% during the 1st quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company's stock valued at $358,000 after buying an additional 299 shares during the period. GAMMA Investing LLC boosted its stake in shares of Palo Alto Networks by 10.8% during the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock valued at $2,410,000 after buying an additional 1,374 shares during the period. Czech National Bank boosted its stake in shares of Palo Alto Networks by 6.4% during the 2nd quarter. Czech National Bank now owns 161,840 shares of the network technology company's stock valued at $33,119,000 after buying an additional 9,766 shares during the period. Finally, Avity Investment Management Inc. boosted its stake in shares of Palo Alto Networks by 37.9% during the 2nd quarter. Avity Investment Management Inc. now owns 181,691 shares of the network technology company's stock valued at $37,181,000 after buying an additional 49,971 shares during the period. Institutional investors and hedge funds own 79.82% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. New Street Research lifted their target price on shares of Palo Alto Networks from $235.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Guggenheim lifted their target price on shares of Palo Alto Networks from $130.00 to $135.00 and gave the company a "sell" rating in a research note on Tuesday, August 19th. Stephens reissued an "equal weight" rating and set a $205.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Wedbush reaffirmed an "outperform" rating and issued a $225.00 price objective on shares of Palo Alto Networks in a research note on Monday, September 15th. Finally, Scotiabank lifted their price objective on shares of Palo Alto Networks from $225.00 to $228.00 and gave the company a "sector outperform" rating in a research note on Tuesday, August 19th. Twenty-nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $212.39.

Insider Activity

In other news, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 96,135 shares of the company's stock, valued at approximately $19,629,805.65. This represents a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the firm's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the completion of the sale, the executive vice president owned 177,954 shares in the company, valued at approximately $34,008,788.94. The trade was a 40.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,415,030 shares of company stock worth $279,198,494 over the last 90 days. Company insiders own 2.50% of the company's stock.

Palo Alto Networks Trading Up 0.8%

PANW stock opened at $202.21 on Friday. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $210.39. The company has a fifty day simple moving average of $189.45 and a 200 day simple moving average of $187.18. The firm has a market cap of $135.26 billion, a PE ratio of 125.99, a PEG ratio of 4.78 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The business's revenue was up 15.8% on a year-over-year basis. 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, analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal 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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