Belpointe Asset Management LLC Acquires 1,493 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Belpointe Asset Management LLC increased its stake in Palo Alto Networks by 39.4% during the first quarter, acquiring 1,493 shares for a total of $901,000 in holdings.
• Several institutional investors have also made significant increases to their positions in Palo Alto Networks, with Brighton Jones LLC increasing its holdings by 147.7% in the last quarter.
• Palo Alto Networks posted a quarterly revenue of $2.54 billion and an EPS of $0.95, surpassing analyst expectations and marking a 15.8% year-over-year increase in revenue.

Belpointe Asset Management LLC boosted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 39.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,278 shares of the network technology company's stock after buying an additional 1,493 shares during the period. Belpointe Asset Management LLC's holdings in Palo Alto Networks were worth $901,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PANW. Brighton Jones LLC increased its position in Palo Alto Networks by 147.7% in the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock worth $1,230,000 after buying an additional 4,031 shares during the period. Bank Pictet & Cie Europe AG increased its position in Palo Alto Networks by 115.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 43,985 shares of the network technology company's stock worth $8,004,000 after buying an additional 23,586 shares during the period. Bison Wealth LLC increased its position in Palo Alto Networks by 169.1% in the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock worth $948,000 after buying an additional 3,275 shares during the period. Graham Capital Management L.P. increased its position in Palo Alto Networks by 26.2% in the 4th quarter. Graham Capital Management L.P. now owns 2,574 shares of the network technology company's stock worth $468,000 after buying an additional 535 shares during the period. Finally, Man Group plc grew its holdings in shares of Palo Alto Networks by 34.7% during the 4th quarter. Man Group plc now owns 159,455 shares of the network technology company's stock worth $29,014,000 after purchasing an additional 41,066 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Price Performance

Shares of PANW stock opened at $196.29 on Friday. The stock's fifty day simple moving average is $188.03 and its 200 day simple moving average is $185.94. The firm has a market cap of $131.30 billion, a price-to-earnings ratio of 122.30, a P/E/G ratio of 4.73 and a beta of 0.98. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.Palo Alto Networks's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. On average, research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PANW. Scotiabank lifted their price objective on Palo Alto Networks from $225.00 to $228.00 and gave the stock a "sector outperform" rating in a report on Tuesday, August 19th. Westpark Capital reissued a "hold" rating on shares of Palo Alto Networks in a report on Tuesday, August 19th. BMO Capital Markets lifted their price objective on Palo Alto Networks from $217.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Bank of America raised Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 price objective on the stock in a report on Tuesday, August 19th. Finally, TD Securities reissued a "buy" rating and set a $230.00 price objective on shares of Palo Alto Networks in a report on Wednesday, May 21st. Twenty-eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $211.68.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $172.80, for a total value of $17,280,000.00. Following the transaction, the executive vice president owned 3,143,516 shares of the company's stock, valued at approximately $543,199,564.80. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the business's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $201.85, for a total value of $1,009,250.00. Following the completion of the transaction, the executive vice president directly owned 101,135 shares in the company, valued at approximately $20,414,099.75. This represents a 4.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 569,422 shares of company stock worth $106,629,618 in the last three months. Company insiders own 2.50% of the company's stock.

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.

Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.