Apollon Wealth Management LLC Buys 8,835 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Apollon Wealth Management LLC increased its stake in Palo Alto Networks, acquiring an additional 8,835 shares during the 2nd quarter, bringing its total holdings to 94,572 shares valued at approximately $19.35 million.
• Palo Alto Networks reported a strong quarterly performance with $0.95 EPS, exceeding analysts' estimates, and a revenue of $2.54 billion, showing a 15.8% increase year-over-year.
• Insiders sold a significant amount of stock recently, with the CEO selling 846,408 shares valued at about $172.72 million, indicating a potential shift in ownership dynamics.

Apollon Wealth Management LLC increased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 10.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 94,572 shares of the network technology company's stock after purchasing an additional 8,835 shares during the quarter. Apollon Wealth Management LLC's holdings in Palo Alto Networks were worth $19,353,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Hemington Wealth Management increased its position in shares of Palo Alto Networks by 67.4% during the 2nd quarter. Hemington Wealth Management now owns 780 shares of the network technology company's stock valued at $159,000 after purchasing an additional 314 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in Palo Alto Networks by 2.0% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 22,880 shares of the network technology company's stock valued at $4,682,000 after acquiring an additional 449 shares during the period. Richardson Financial Services Inc. boosted its holdings in Palo Alto Networks by 2.5% during the 2nd quarter. Richardson Financial Services Inc. now owns 2,683 shares of the network technology company's stock valued at $530,000 after acquiring an additional 65 shares during the period. Bey Douglas LLC purchased a new position in Palo Alto Networks during the 2nd quarter valued at $221,000. Finally, Invictus Private Wealth LLC boosted its holdings in Palo Alto Networks by 7.7% during the 2nd quarter. Invictus Private Wealth LLC now owns 2,170 shares of the network technology company's stock valued at $444,000 after acquiring an additional 156 shares during the period. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Trading Down 3.1%

Shares of PANW stock opened at $208.55 on Friday. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $217.94. The stock has a market capitalization of $139.50 billion, a price-to-earnings ratio of 129.94, a P/E/G ratio of 5.12 and a beta of 0.98. The stock has a fifty day simple moving average of $192.94 and a two-hundred day simple moving average of $189.14.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The firm's quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PANW has been the subject of a number of recent analyst reports. Stephens restated an "equal weight" rating and set a $205.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Weiss Ratings restated a "hold (c+)" rating on shares of Palo Alto Networks in a report on Wednesday. JMP Securities restated a "market outperform" rating and set a $212.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Tigress Financial initiated coverage on Palo Alto Networks in a report on Friday, September 26th. They set a "buy" rating and a $245.00 price objective for the company. Finally, Barclays restated an "overweight" rating and set a $215.00 price objective (up previously from $210.00) on shares of Palo Alto Networks in a report on Tuesday, August 19th. Twenty-eight equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Palo Alto Networks has a consensus rating of "Moderate Buy" and a consensus price target of $214.95.

Insider Activity

In related news, CAO Josh D. Paul sold 700 shares of the company's stock in a transaction on Wednesday, October 1st. The stock was 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 directly owned 32,474 shares in the company, valued at $6,564,943.84. This represents a 2.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Nikesh Arora sold 846,408 shares of the company's stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total value of $172,718,016.48. Following the sale, the chief executive officer owned 275,013 shares of the company's stock, valued at $56,119,152.78. This trade represents a 75.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,315,130 shares of company stock worth $260,687,367 over the last ninety days. 2.50% of the stock is currently owned by corporate insiders.

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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