Elevation Point Wealth Partners LLC Buys 23,616 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Elevation Point Wealth Partners increased its Palo Alto Networks stake by 88.4% in the first quarter, buying 23,616 additional shares and bringing its total holding to 50,346 shares worth about $8.07 million.
• Several analysts turned more bullish on PANW, with Wells Fargo raising its target to $420 and BNP Paribas Exane lifting its target to $380, both while maintaining positive ratings.
• Palo Alto Networks reported strong quarterly results, beating EPS and revenue expectations, while the stock has also gained about 25% since its last earnings report amid enthusiasm for AI-related cybersecurity demand.

Elevation Point Wealth Partners LLC lifted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 88.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,346 shares of the network technology company's stock after buying an additional 23,616 shares during the quarter. Elevation Point Wealth Partners LLC's holdings in Palo Alto Networks were worth $8,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new position in shares of Palo Alto Networks during the 2nd quarter worth approximately $25,000. Steph & Co. lifted its stake in shares of Palo Alto Networks by 88.2% in 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 period. Knuff & Co LLC purchased a new position in shares of Palo Alto Networks in the 4th quarter valued at approximately $26,000. Sittner & Nelson LLC boosted its position in shares of Palo Alto Networks by 73.8% during the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company's stock valued at $27,000 after purchasing an additional 62 shares in the last quarter. Finally, Luken Investment Analytics LLC boosted its position in shares of Palo Alto Networks by 196.2% during the fourth quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company's stock valued at $28,000 after purchasing an additional 102 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Insider Transactions at Palo Alto Networks

In other news, Director John P. Key sold 7,500 shares of the stock in a transaction that occurred on 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 sale, the director owned 12,500 shares in the company, valued at $3,490,500. This represents a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Lee Klarich sold 62,904 shares of the firm's stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the sale, the executive vice president directly owned 235,983 shares of the company's stock, valued at $61,037,002.95. This trade represents a 21.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 102,111 shares of company stock valued at $27,204,024. 1.40% of the stock is currently owned by insiders.

Key Stories Impacting Palo Alto Networks

Here are the key news stories impacting Palo Alto Networks this week:

• Positive Sentiment: Wells Fargo raised its price target on Palo Alto Networks to $420 from $325 and reiterated an overweight rating, reinforcing the case for further upside. Wells Fargo price target raise
• Positive Sentiment: BNP Paribas Exane lifted its target to $380 from $330 and maintained an outperform rating, adding to the bullish analyst sentiment around PANW. BNP Paribas Exane target raise
• Positive Sentiment: The stock remains a momentum name after gaining roughly 25% since its last earnings report, supported by strong demand for AI-related cybersecurity tools and recent trading interest. Zacks earnings momentum article
• Neutral Sentiment: Several insider sales were disclosed, including director Aparna Bawa and CAO Josh D. Paul. The transactions were relatively small, but insider selling can slightly temper investor enthusiasm. Insider sale disclosure

Palo Alto Networks Price Performance

PANW opened at $348.06 on Friday. The stock has a 50-day moving average price of $255.09 and a 200-day moving average price of $200.36. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $283.67 billion, a PE ratio of 285.30, a P/E/G ratio of 13.07 and a beta of 0.91. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $358.10.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter in the previous year, the business posted $0.37 EPS. Palo Alto Networks's revenue was up 31.1% compared to the same quarter last year. 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. Sell-side analysts predict that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Northland Securities increased their price objective on Palo Alto Networks from $190.00 to $302.00 and gave the stock a "market perform" rating in a report on Wednesday, June 3rd. The Goldman Sachs Group restated a "buy" rating and set a $330.00 target price on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Wedbush upped their target price on shares of Palo Alto Networks from $300.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 3rd. Stephens increased their price target on shares of Palo Alto Networks from $180.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 3rd. Finally, Royal Bank Of Canada lifted their price target on shares of Palo Alto Networks from $255.00 to $330.00 and gave the company an "outperform" rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $316.15.

Palo Alto Networks Company 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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