EP Wealth Advisors LLC Purchases 13,705 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• EP Wealth Advisors LLC increased its holdings in Palo Alto Networks by 12.9%, acquiring an additional 13,705 shares, bringing its total possession to 120,213 shares valued at $20.5 million.
• Insiders, including EVP Lee Klarich, sold over 569,422 shares worth $107.1 million in the last three months, resulting in a significant decrease in their ownership.
• Multiple analysts have recently adjusted their price targets for Palo Alto Networks, with a consensus target of $211.52 and ratings ranging from "buy" to "hold."

EP Wealth Advisors LLC raised its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 12.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,213 shares of the network technology company's stock after purchasing an additional 13,705 shares during the quarter. EP Wealth Advisors LLC's holdings in Palo Alto Networks were worth $20,513,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new stake in Palo Alto Networks during the 4th quarter valued at $29,000. HWG Holdings LP acquired a new stake in Palo Alto Networks during the 1st quarter valued at $31,000. Dagco Inc. acquired a new stake in Palo Alto Networks during the 1st quarter valued at $33,000. SWAN Capital LLC lifted its holdings in Palo Alto Networks by 100.0% during the 4th quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Finally, Glen Eagle Advisors LLC lifted its holdings in Palo Alto Networks by 100.0% during the 4th quarter. Glen Eagle Advisors LLC now owns 212 shares of the network technology company's stock valued at $39,000 after purchasing an additional 106 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Insider Transactions at Palo Alto Networks

In other news, EVP Lee Klarich sold 120,774 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $171.58, for a total transaction of $20,722,402.92. Following the sale, the executive vice president directly owned 206,718 shares in the company, valued at approximately $35,468,674.44. The trade was a 36.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $201.85, for a total value of $1,009,250.00. Following the completion of the sale, the executive vice president owned 101,135 shares in the company, valued at $20,414,099.75. The trade was a 4.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 569,422 shares of company stock valued at $107,116,337. 2.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group set a $185.00 target price on Palo Alto Networks and gave the stock a "neutral" rating in a report on Tuesday, August 12th. Rosenblatt Securities dropped their target price on Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating for the company in a report on Thursday, August 14th. JPMorgan Chase & Co. dropped their target price on Palo Alto Networks from $225.00 to $221.00 and set an "overweight" rating for the company in a report on Wednesday, May 21st. Wells Fargo & Company lifted their target price on Palo Alto Networks from $225.00 to $235.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Finally, Bank of America raised Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 target price for the company in a report on Tuesday, August 19th. Twenty-eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $211.52.

Palo Alto Networks Trading Down 0.3%

NASDAQ:PANW opened at $190.52 on Tuesday. The stock has a market cap of $127.04 billion, a P/E ratio of 118.70, a price-to-earnings-growth ratio of 4.55 and a beta of 0.98. The stock's 50-day moving average is $189.14 and its 200-day moving average is $185.92. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $210.39.

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, topping the consensus estimate of $0.89 by $0.06. The company had revenue of $2.54 billion for 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 business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. As a group, equities analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

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.

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