Kaufman Rossin Wealth LLC Makes New $320,000 Investment in Palo Alto Networks, Inc. $PANW

Key Points

• Kaufman Rossin Wealth LLC invested $320,000 in Palo Alto Networks, purchasing 1,877 shares during the first quarter.
• Analysts have shown heightened confidence in Palo Alto Networks, with ratings such as "overweight" and target prices increasing to as high as $225.00.
• Insider selling was notable, with EVP Lee Klarich selling over 120,000 shares, indicating a significant shift in insider ownership.

Kaufman Rossin Wealth LLC bought a new position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,877 shares of the network technology company's stock, valued at approximately $320,000.

A number of other large investors also recently modified their holdings of the stock. Transce3nd LLC acquired a new position in Palo Alto Networks during the 4th quarter worth $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Palo Alto Networks in the 4th quarter valued at $29,000. HWG Holdings LP bought a new stake in shares of Palo Alto Networks during the first quarter worth $31,000. Dagco Inc. acquired a new position in shares of Palo Alto Networks during the first quarter valued at $33,000. Finally, SWAN Capital LLC boosted its holdings in Palo Alto Networks by 100.0% in the fourth quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on PANW. Piper Sandler upgraded Palo Alto Networks from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $200.00 to $225.00 in a research report on Tuesday, August 12th. Wedbush reaffirmed an "outperform" rating and issued a $225.00 target price on shares of Palo Alto Networks in a research note on Tuesday. Truist Financial set a $220.00 price target on shares of Palo Alto Networks and gave the stock a "buy" rating in a research note on Tuesday. UBS Group set a $185.00 price objective on shares of Palo Alto Networks and gave the company a "neutral" rating in a report on Tuesday, August 12th. Finally, Northland Securities reduced their price objective on shares of Palo Alto Networks from $210.00 to $177.00 and set a "market perform" rating on the stock in a research note on Wednesday, May 21st. Twenty-eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $211.52.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of the stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $195.14, for a total transaction of $23,567,838.36. Following the completion of the transaction, the executive vice president owned 264,246 shares in the company, valued at approximately $51,564,964.44. This represents a 31.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the transaction, the executive vice president owned 3,143,516 shares of the company's stock, valued at approximately $543,199,564.80. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 669,248 shares of company stock valued at $126,423,337 in the last 90 days. 2.50% of the stock is currently owned by corporate insiders.

Palo Alto Networks Price Performance

Shares of Palo Alto Networks stock opened at $184.43 on Thursday. The company has a market capitalization of $122.98 billion, a P/E ratio of 114.91, a price-to-earnings-growth ratio of 4.46 and a beta of 0.94. The business has a 50-day moving average of $191.11 and a two-hundred day moving average of $186.31. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The business's revenue 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. On average, equities analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

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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