Fulton Breakefield Broenniman LLC Makes New Investment in Palo Alto Networks, Inc. $PANW

Key Points

• Fulton Breakefield Broenniman LLC has made a new investment in Palo Alto Networks, acquiring 1,335 shares valued at approximately $273,000.
• The stock has seen significant activity, with CEO Nikesh Arora selling over 846,000 shares, representing a 75.48% decrease in his holdings.
• Palo Alto Networks is currently rated as a Moderate Buy by analysts, with a consensus price target of approximately $214.95.

Fulton Breakefield Broenniman LLC purchased 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 & Exchange Commission. The firm purchased 1,335 shares of the network technology company's stock, valued at approximately $273,000.

A number of other institutional investors and hedge funds have also modified their holdings of PANW. HWG Holdings LP acquired a new position in Palo Alto Networks during the 1st quarter worth $31,000. Dagco Inc. bought a new position in shares of Palo Alto Networks in the first quarter worth about $33,000. WPG Advisers LLC acquired a new position in shares of Palo Alto Networks during the 1st quarter worth about $37,000. Strategic Investment Solutions Inc. IL boosted its stake in Palo Alto Networks by 58.9% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock valued at $38,000 after purchasing an additional 83 shares during the period. Finally, Stonebridge Financial Group LLC grew its holdings in Palo Alto Networks by 46.8% in the 1st quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company's stock valued at $40,000 after buying an additional 74 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PANW has been the subject of several research reports. Guggenheim increased their price objective on Palo Alto Networks from $130.00 to $135.00 and gave the company a "sell" rating in a research report on Tuesday, August 19th. Bank of America raised shares of Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 price target for the company in a report on Tuesday, August 19th. Cantor Fitzgerald restated an "overweight" rating and set a $223.00 price objective on shares of Palo Alto Networks in a report on Friday, August 15th. Piper Sandler upgraded shares of Palo Alto Networks from a "neutral" rating to an "overweight" rating and increased their target price for the company from $200.00 to $225.00 in a research note on Tuesday, August 12th. Finally, New Street Research boosted their price target on Palo Alto Networks from $235.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Twenty-eight analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Palo Alto Networks currently has a consensus rating of "Moderate Buy" and a consensus price target of $214.95.

Insider Buying and Selling

In related news, CEO Nikesh Arora sold 846,408 shares of Palo Alto Networks stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the completion of the transaction, the chief executive officer directly owned 275,013 shares of the company's stock, valued at $56,119,152.78. This trade represents a 75.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the company's stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the sale, the executive vice president directly owned 149,190 shares in the company, valued at $31,616,344.80. This represents a 44.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,315,130 shares of company stock worth $260,687,367 in the last three months. Company insiders own 2.50% of the company's stock.

Palo Alto Networks Stock Up 3.2%

Shares of PANW opened at $217.79 on Thursday. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $217.94. The stock has a market cap of $145.68 billion, a price-to-earnings ratio of 135.69, a P/E/G ratio of 5.02 and a beta of 0.98. The company has a 50-day moving average price of $191.40 and a two-hundred day moving average price of $188.81.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.06. The business had revenue of $2.54 billion during 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%.Palo Alto Networks's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. 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 research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal 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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