Brookstone Capital Management Grows Stock Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• Brookstone Capital Management increased its position in Palo Alto Networks by 3.4%, owning 71,126 shares valued at approximately $14.55 million as of the latest SEC filing.
• Palo Alto Networks had a strong quarterly earnings report, with $0.95 earnings per share, exceeding estimates, and revenues of $2.54 billion, marking a 15.8% increase year-over-year.
• Research analysts have given Palo Alto Networks a consensus rating of "Moderate Buy"** with an average price target of $217.22, indicating positive market sentiment.

Brookstone Capital Management raised its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 3.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,126 shares of the network technology company's stock after purchasing an additional 2,313 shares during the period. Brookstone Capital Management's holdings in Palo Alto Networks were worth $14,555,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PANW. Nuveen LLC purchased a new position in shares of Palo Alto Networks in the first quarter worth about $810,047,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of Palo Alto Networks in the second quarter worth about $633,068,000. Goldman Sachs Group Inc. increased its holdings in shares of Palo Alto Networks by 41.9% in the first quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company's stock worth $1,234,650,000 after buying an additional 2,134,735 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Palo Alto Networks by 77.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company's stock worth $662,000,000 after buying an additional 1,688,432 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Palo Alto Networks by 2.5% in the first quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company's stock worth $10,712,019,000 after buying an additional 1,541,637 shares during the period. Hedge funds and other institutional investors own 79.82% of the company's stock.

Palo Alto Networks Stock Up 1.2%

NASDAQ PANW opened at $214.40 on Wednesday. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $217.94. The firm has a market capitalization of $143.41 billion, a PE ratio of 133.58, a P/E/G ratio of 5.04 and a beta of 0.98. The stock's 50 day moving average is $198.45 and its 200 day moving average is $191.16.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the company posted $0.75 earnings per share. The firm's revenue was up 15.8% on a year-over-year basis. 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.

Insider Transactions at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total value of $1,020,950.00. Following the sale, the executive vice president directly owned 96,135 shares of the company's stock, valued at $19,629,805.65. The trade was a 4.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Josh D. Paul sold 700 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $202.16, for a total value of $141,512.00. Following the completion of the sale, the chief accounting officer directly owned 32,474 shares in the company, valued at approximately $6,564,943.84. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,315,130 shares of company stock worth $260,687,367. Company insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $230.00 price objective on shares of Palo Alto Networks in a report on Wednesday, September 3rd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Palo Alto Networks in a report on Wednesday, October 8th. Jefferies Financial Group set a $235.00 target price on Palo Alto Networks in a research note on Tuesday, July 29th. Scotiabank raised their target price on Palo Alto Networks from $225.00 to $228.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 19th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $223.00 target price on shares of Palo Alto Networks in a research note on Friday, August 15th. Thirty equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $217.22.

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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