Family Legacy Financial Solutions LLC Invests $2.10 Million in Palo Alto Networks, Inc. $PANW

Key Points

• Family Legacy Financial Solutions LLC has acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW), purchasing 10,275 shares valued at approximately $2.10 million, making it their 12th largest position.
• Palo Alto Networks reported an earnings per share (EPS) of $0.95 for the last quarter, exceeding analysts' expectations and reflecting a year-over-year revenue growth of 15.8%.
• Hedge funds and institutional investors own approximately 79.82% of Palo Alto Networks' shares, indicating strong confidence in the stock’s potential.

Family Legacy Financial Solutions LLC bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,275 shares of the network technology company's stock, valued at approximately $2,103,000. Palo Alto Networks accounts for about 1.8% of Family Legacy Financial Solutions LLC's portfolio, making the stock its 12th biggest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PANW. Atticus Wealth Management LLC grew its stake in Palo Alto Networks by 7.6% during the second quarter. Atticus Wealth Management LLC now owns 3,154 shares of the network technology company's stock worth $645,000 after buying an additional 223 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in shares of Palo Alto Networks by 7.1% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 247,500 shares of the network technology company's stock valued at $50,648,000 after purchasing an additional 16,500 shares during the last quarter. High Net Worth Advisory Group LLC bought a new stake in shares of Palo Alto Networks during the second quarter valued at approximately $232,000. Wedmont Private Capital boosted its stake in Palo Alto Networks by 1.6% in the second quarter. Wedmont Private Capital now owns 10,447 shares of the network technology company's stock valued at $2,153,000 after acquiring an additional 164 shares during the last quarter. Finally, Swedbank AB boosted its stake in Palo Alto Networks by 16.7% in the second quarter. Swedbank AB now owns 1,831,684 shares of the network technology company's stock valued at $374,836,000 after acquiring an additional 261,997 shares during the last quarter. Institutional investors own 79.82% of the company's stock.

Insider Activity at Palo Alto Networks

In related news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the completion of the sale, the executive vice president owned 101,135 shares of the company's stock, valued at approximately $20,414,099.75. The trade was a 4.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $184.20, for a total transaction of $128,940.00. Following the completion of the sale, the chief accounting officer owned 37,723 shares of the company's stock, valued at $6,948,576.60. This trade represents a 1.82% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 568,622 shares of company stock worth $106,468,778. 2.50% of the stock is currently owned by corporate insiders.

Palo Alto Networks Price Performance

PANW stock traded up $2.51 during midday trading on Friday, hitting $208.19. The company's stock had a trading volume of 8,643,982 shares, compared to its average volume of 5,444,992. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $210.39. The company's fifty day moving average price is $188.60 and its 200 day moving average price is $186.52. The stock has a market capitalization of $139.26 billion, a P/E ratio of 129.71, a PEG ratio of 4.90 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The firm 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 business earned $0.75 EPS. The company's revenue was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Equities analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PANW has been the topic of several analyst reports. BMO Capital Markets increased their target price on shares of Palo Alto Networks from $217.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, August 19th. UBS Group set a $185.00 target price on shares of Palo Alto Networks and gave the stock a "neutral" rating in a report on Tuesday, August 12th. Barclays reiterated an "overweight" rating and issued a $215.00 target price (up from $210.00) on shares of Palo Alto Networks in a report on Tuesday, August 19th. Rosenblatt Securities cut their target price on shares of Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday, August 14th. Finally, Wedbush reiterated an "outperform" rating and issued a $225.00 target price on shares of Palo Alto Networks in a report on Monday, September 15th. Twenty-nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Palo Alto Networks currently has a consensus rating of "Moderate Buy" and a consensus price target of $212.39.

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.