60,596 Shares in Palo Alto Networks, Inc. $PANW Bought by Elevation Point Wealth Partners LLC

Key Points

• Elevation Point Wealth Partners acquired 60,596 Palo Alto Networks shares worth approximately $20.7 million during the second quarter. Institutional investors collectively own 79.82% of PANW.
• Palo Alto Networks insiders sold 37,935 shares worth about $10.8 million over the past three months, including sales by a director and the chief accounting officer.
• PANW reported quarterly earnings of $0.85 per share, exceeding estimates, while revenue rose 31.1% year over year to $3 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $362.67.

Elevation Point Wealth Partners LLC acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 60,596 shares of the network technology company's stock, valued at approximately $20,664,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Palo Alto Networks during the second quarter valued at about $25,833,462,000. Vanguard Group Inc. grew its position in shares of Palo Alto Networks by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company's stock worth $12,512,533,000 after buying an additional 2,659,100 shares during the last quarter. State Street Corp raised its stake in shares of Palo Alto Networks by 2.0% during the 4th quarter. State Street Corp now owns 30,331,705 shares of the network technology company's stock worth $5,587,100,000 after acquiring an additional 594,789 shares in the last quarter. Bank of America Corp DE lifted its position in Palo Alto Networks by 16.0% during the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company's stock valued at $3,603,473,000 after acquiring an additional 3,101,267 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Palo Alto Networks by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company's stock valued at $2,934,935,000 after acquiring an additional 540,756 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company's stock.

Insider Buying and Selling

In other Palo Alto Networks news, Director John P. Key sold 7,500 shares of Palo Alto Networks stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the completion of the sale, the director owned 12,500 shares of the company's stock, valued at approximately $3,490,500. The trade was a 37.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Josh D. Paul sold 1,100 shares of the business's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $285.08, for a total value of $313,588.00. Following the sale, the chief accounting officer owned 81,636 shares in the company, valued at approximately $23,272,790.88. The trade was a 1.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,935 shares of company stock worth $10,809,461 over the last three months. Corporate insiders own 1.40% of the company's stock.

Palo Alto Networks Trading Up 2.4%

Shares of Palo Alto Networks stock opened at $358.04 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $398.88. The firm has a market capitalization of $291.80 billion, a price-to-earnings ratio of 293.48, a PEG ratio of 12.02 and a beta of 0.91. The firm's 50 day simple moving average is $337.38 and its two-hundred day simple moving average is $241.72.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The business's revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 earnings per share. 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. Analysts predict that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PANW. Citigroup restated a "market outperform" rating on shares of Palo Alto Networks in a research note on Wednesday, August 12th. Capital One Financial set a $421.00 price objective on Palo Alto Networks and gave the company an "overweight" rating in a report on Thursday, July 16th. Weiss Ratings cut Palo Alto Networks from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, June 4th. FBN Securities reissued an "outperform" rating on shares of Palo Alto Networks in a research report on Wednesday, July 1st. Finally, Sanford C. Bernstein boosted their target price on Palo Alto Networks from $209.00 to $253.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $362.67.

About Palo Alto Networks

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.

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