IPG Investment Advisors LLC Has $8.58 Million Stock Position in Palo Alto Networks, Inc. $PANW

IPG Investment Advisors LLC grew its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 26.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,161 shares of the network technology company's stock after acquiring an additional 5,264 shares during the quarter. Palo Alto Networks accounts for approximately 1.2% of IPG Investment Advisors LLC's investment portfolio, making the stock its 19th biggest position. IPG Investment Advisors LLC's holdings in Palo Alto Networks were worth $8,580,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC raised its position in shares of Palo Alto Networks by 147.7% in the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock valued at $1,230,000 after buying an additional 4,031 shares in the last quarter. Bison Wealth LLC grew its position in Palo Alto Networks by 169.1% during the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock worth $948,000 after buying an additional 3,275 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Palo Alto Networks by 66.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company's stock worth $713,000 after acquiring an additional 1,389 shares during the period. Osterweis Capital Management Inc. increased its stake in Palo Alto Networks by 11,100.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company's stock worth $115,000 after acquiring an additional 555 shares during the period. Finally, Main Street Financial Solutions LLC raised its holdings in Palo Alto Networks by 6.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company's stock valued at $900,000 after acquiring an additional 249 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PANW shares. BNP Paribas Exane upped their target price on Palo Alto Networks from $380.00 to $400.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 2nd. Piper Sandler restated an "overweight" rating and set a $410.00 price objective (up from $345.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. BMO Capital Markets reaffirmed an "outperform" rating and issued a $415.00 price objective (up from $335.00) on shares of Palo Alto Networks in a research note on Thursday, August 20th. Rosenblatt Securities boosted their target price on Palo Alto Networks from $355.00 to $415.00 and gave the stock a "buy" rating in a research note on Wednesday, September 2nd. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $475.00 price target (up from $420.00) on shares of Palo Alto Networks in a research note on Monday, August 17th. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $386.32.

Palo Alto Networks Price Performance

PANW stock opened at $335.10 on Thursday. The company has a market capitalization of $273.11 billion, a P/E ratio of 657.07, a PEG ratio of 9.73 and a beta of 0.91. The company has a fifty day moving average price of $349.79 and a 200-day moving average price of $259.23. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.87. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $398.88.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.04. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%.Palo Alto Networks's revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. As a group, equities analysts expect that Palo Alto Networks, Inc. will post 2.3 EPS for the current year.

Insiders Place Their Bets

In other Palo Alto Networks news, Director James Goetz sold 20,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the completion of the sale, the director owned 20,000 shares of the company's stock, valued at approximately $5,598,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Aparna Bawa sold 290 shares of the firm's stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $348.74, for a total transaction of $101,134.60. Following the transaction, the director owned 6,437 shares of the company's stock, valued at approximately $2,244,839.38. The trade was a 4.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 37,703 shares of company stock valued at $10,900,823 over the last three months. Insiders own 1.40% of the company's stock.

About Palo Alto Networks

Palo Alto Networks, Inc is a cybersecurity company that provides security products and services to businesses, governments and other organizations worldwide. The company helps customers protect networks, cloud environments, endpoints, applications and connected devices from cyber threats.

Its portfolio includes next-generation firewalls and network security technologies, as well as cloud-delivered security solutions such as Prisma Access and Prisma Cloud. Palo Alto Networks also offers Cortex products for endpoint protection, security operations, threat detection and response, and automation.

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