Fortis Capital Advisors LLC Invests $909,000 in Palo Alto Networks, Inc. $PANW

Key Points

• Fortis Capital Advisors LLC invested approximately $909,000 in Palo Alto Networks, acquiring 4,440 shares in the second quarter, according to the firm’s recent SEC filing.
• Palo Alto Networks reported a 15.8% year-over-year increase in revenue, totaling $2.54 billion for the last quarter, along with earnings per share of $0.95, exceeding analysts' expectations.
• A majority of analysts have a positive outlook on Palo Alto Networks, with 30 analysts rating it as a Buy and a consensus target price of $214.64.

Fortis Capital Advisors LLC acquired a new position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,440 shares of the network technology company's stock, valued at approximately $909,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. HWG Holdings LP bought a new position in shares of Palo Alto Networks during the first quarter worth $31,000. Dagco Inc. bought a new position in shares of Palo Alto Networks during the first quarter worth $33,000. Marshall & Sullivan Inc. WA bought a new position in shares of Palo Alto Networks during the second quarter worth $41,000. WPG Advisers LLC bought a new position in shares of Palo Alto Networks during the first quarter worth $37,000. Finally, Strategic Investment Solutions Inc. IL boosted its position in shares of Palo Alto Networks by 58.9% during the first quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock worth $38,000 after acquiring an additional 83 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Trading Down 1.0%

Palo Alto Networks stock opened at $207.19 on Friday. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $212.10. The firm has a 50-day moving average price of $190.20 and a 200-day moving average price of $188.20. The firm has a market capitalization of $138.59 billion, a PE ratio of 129.09, a price-to-earnings-growth ratio of 4.98 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the business posted $0.75 EPS. The firm's revenue for the quarter 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. As a group, sell-side analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PANW. Weiss Ratings restated a "hold (c+)" rating on shares of Palo Alto Networks in a research report on Saturday, September 27th. Piper Sandler upgraded shares of Palo Alto Networks from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $200.00 to $225.00 in a research report on Tuesday, August 12th. Morgan Stanley increased their price objective on shares of Palo Alto Networks from $210.00 to $216.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Needham & Company LLC reiterated a "buy" rating and set a $230.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, September 3rd. Finally, Barclays reiterated an "overweight" rating and set a $215.00 price objective (up previously from $210.00) on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Thirty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $214.64.

Insider Activity at Palo Alto Networks

In related news, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the sale, the executive vice president owned 3,143,516 shares in the company, valued at $543,199,564.80. This trade represents a 3.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total transaction of $141,512.00. Following the sale, the chief accounting officer owned 32,474 shares of the company's stock, valued at $6,564,943.84. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,315,130 shares of company stock worth $259,351,606 over the last ninety days. 2.50% of the stock is currently owned by company insiders.

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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