Beacon Investment Advisory Services Inc. Has $49.97 Million Stock Position in Palo Alto Networks, Inc. $PANW

Key Points

• Beacon Investment Advisory Services reduced its Palo Alto Networks position by 4.8% in the second quarter, selling 7,433 shares. It still held 146,516 shares valued at approximately $49.97 million, representing 1.9% of its portfolio.
• Palo Alto Networks reported quarterly EPS of $0.85, beating estimates of $0.79, while revenue reached $3 billion and increased 31.1% year over year. Shares recently traded near $363.86, close to their 12-month high of $376.98.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $333.76, although insiders sold $27.17 million of stock over the past 90 days.

Beacon Investment Advisory Services Inc. lowered its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 4.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 146,516 shares of the network technology company's stock after selling 7,433 shares during the period. Palo Alto Networks accounts for about 1.9% of Beacon Investment Advisory Services Inc.'s holdings, making the stock its 15th biggest position. Beacon Investment Advisory Services Inc.'s holdings in Palo Alto Networks were worth $49,965,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Darwin Wealth Management LLC acquired a new stake in shares of Palo Alto Networks in the 2nd quarter worth about $25,000. Steph & Co. boosted its stake in Palo Alto Networks by 88.2% during the 4th quarter. Steph & Co. now owns 143 shares of the network technology company's stock valued at $26,000 after purchasing an additional 67 shares during the last quarter. Knuff & Co LLC bought a new stake in Palo Alto Networks during the 4th quarter worth approximately $26,000. Sittner & Nelson LLC increased its holdings in Palo Alto Networks by 73.8% during the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company's stock worth $27,000 after purchasing an additional 62 shares in the last quarter. Finally, Luken Investment Analytics LLC raised its stake in shares of Palo Alto Networks by 196.2% in the fourth quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company's stock worth $28,000 after purchasing an additional 102 shares during the last quarter. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock opened at $363.86 on Friday. The business's fifty day simple moving average is $317.88 and its 200 day simple moving average is $228.20. The firm has a market capitalization of $296.55 billion, a P/E ratio of 298.25, a price-to-earnings-growth ratio of 12.06 and a beta of 0.91. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $376.98. 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 (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The business's revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $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, analysts anticipate that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Weiss Ratings cut Palo Alto Networks from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, June 4th. Scotiabank restated a "sector outperform" rating and set a $320.00 price objective (up from $180.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Jefferies Financial Group set a $335.00 price objective on shares of Palo Alto Networks and gave the stock a "buy" rating in a report on Wednesday, June 3rd. Oppenheimer reiterated an "outperform" rating and issued a $400.00 target price (up from $350.00) on shares of Palo Alto Networks in a research note on Tuesday. Finally, Royal Bank Of Canada increased their target price on shares of Palo Alto Networks from $255.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, June 3rd. One equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $333.76.

Insider Buying and Selling

In related news, Director John P. Key sold 7,500 shares of the firm's stock in a transaction dated Friday, June 12th. The shares were 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 in the company, valued at approximately $3,490,500. This trade represents a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the completion of the sale, the executive vice president directly owned 145,250 shares in the company, valued at approximately $42,058,590. This represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 101,239 shares of company stock worth $27,174,360 in the last ninety days. Corporate insiders own 1.40% of the company's stock.

Palo Alto Networks 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.

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