Horst & Graben Wealth Management LLC Increases Stock Position in Palo Alto Networks, Inc. $PANW

Key Points

• Horst & Graben Wealth Management LLC increased its stake in Palo Alto Networks by 129.2% in Q2, owning a total of 3,404 shares valued at approximately $697,000.
• Insider activity included Lee Klarich selling over 120,000 shares for about $25.6 million, significantly reducing their position by 44.74%.
• Palo Alto Networks reported a 15.8% increase in revenue year-over-year, with earnings per share at $0.95, exceeding analysts' expectations.

Horst & Graben Wealth Management LLC increased its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 129.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,404 shares of the network technology company's stock after purchasing an additional 1,919 shares during the quarter. Horst & Graben Wealth Management LLC's holdings in Palo Alto Networks were worth $697,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. HWG Holdings LP purchased a new position in shares of Palo Alto Networks in the first quarter valued at $31,000. Dagco Inc. bought a new position in Palo Alto Networks during the 1st quarter valued at $33,000. Marshall & Sullivan Inc. WA bought a new position in Palo Alto Networks during the 2nd quarter valued at $41,000. WPG Advisers LLC bought a new position in Palo Alto Networks during the 1st quarter valued at $37,000. Finally, 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 acquiring an additional 83 shares during the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the firm's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the transaction, the executive vice president owned 149,190 shares of the company's stock, valued at approximately $31,616,344.80. This trade represents a 44.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the firm's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the transaction, the executive vice president directly owned 96,135 shares in the company, valued at approximately $19,629,805.65. The trade was a 4.94% decrease in their position. 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 90 days. 2.50% of the stock is currently owned by corporate insiders.

Palo Alto Networks Stock Down 0.4%

PANW stock opened at $206.70 on Thursday. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $217.94. The firm's 50-day simple moving average is $195.23 and its 200 day simple moving average is $189.80. The stock has a market cap of $138.26 billion, a PE ratio of 128.79, a price-to-earnings-growth ratio of 4.93 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping 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 business had revenue of $2.54 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the company earned $0.75 EPS. The company's revenue for the quarter 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 forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PANW shares. Jefferies Financial Group set a $235.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, July 29th. Barclays reiterated an "overweight" rating and set a $215.00 price objective (up from $210.00) on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Stephens reiterated an "equal weight" rating and set a $205.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. New Street Research raised their price target on shares of Palo Alto Networks from $235.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Finally, Westpark Capital restated a "hold" rating on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Twenty-nine investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $216.00.

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.

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