4,680 Shares in Palo Alto Networks, Inc. $PANW Acquired by Fiduciary Financial Advisors

Key Points

• Fiduciary Financial Advisors acquired 4,680 Palo Alto Networks shares in the second quarter, worth approximately $1.64 million. Institutional investors and hedge funds collectively own 79.82% of PANW.
• Analysts remain broadly bullish, with 42 of 48 covering analysts rating the stock Buy or Strong Buy. The average price target is $364, with recent targets ranging from $335 to $425.
• Palo Alto Networks reported quarterly EPS of $0.85, exceeding estimates, while revenue rose 31.1% year over year to $3 billion. However, insiders sold 37,935 shares worth $10.8 million over the past 90 days, and the stock trades at a high forward valuation.

Fiduciary Financial Advisors bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,680 shares of the network technology company's stock, valued at approximately $1,638,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Janney Montgomery Scott LLC raised its position in shares of Palo Alto Networks by 15.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company's stock valued at $65,796,000 after buying an additional 53,485 shares during the period. Aviva PLC increased its stake in Palo Alto Networks by 5.4% during the fourth quarter. Aviva PLC now owns 568,804 shares of the network technology company's stock worth $104,774,000 after acquiring an additional 29,230 shares during the last quarter. B&D White Capital Company LLC acquired a new stake in Palo Alto Networks during the first quarter worth $353,000. Bridgewater Advisors Inc. acquired a new position in Palo Alto Networks in the second quarter valued at about $2,159,000. Finally, Granite Islands Private Wealth LLC boosted its stake in Palo Alto Networks by 43.6% during the first quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company's stock worth $2,453,000 after buying an additional 4,659 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Argus set a $425.00 target price on shares of Palo Alto Networks in a report on Tuesday, July 21st. Jefferies Financial Group set a $335.00 price target on shares of Palo Alto Networks and gave the company a "buy" rating in a research report on Wednesday, June 3rd. BNP Paribas Exane boosted their price target on shares of Palo Alto Networks from $330.00 to $380.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 1st. Cantor Fitzgerald upped their price objective on Palo Alto Networks from $340.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 19th. Finally, Morgan Stanley set a $400.00 price objective on Palo Alto Networks in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $364.00.

Insider Buying and Selling

In other news, Director Helle Thorning-Schmidt sold 700 shares of the stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total value of $242,795.00. Following the transaction, the director owned 5,898 shares in the company, valued at approximately $2,045,721.30. This represents a 10.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dipak Golechha sold 5,000 shares of the firm's stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the sale, the executive vice president directly owned 145,250 shares in the company, valued at $42,058,590. This trade represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 37,935 shares of company stock valued at $10,809,461 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

Palo Alto Networks Stock Down 1.9%

Shares of NASDAQ:PANW opened at $350.90 on Tuesday. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $398.88. The firm's 50 day moving average price is $338.70 and its 200 day moving average price is $243.49. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The stock has a market cap of $285.98 billion, a price-to-earnings ratio of 287.62, a price-to-earnings-growth ratio of 12.00 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.79 by $0.06. The company had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm's revenue was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 EPS. 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. As a group, equities research analysts predict that Palo Alto Networks, Inc. will post 2.02 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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