Kingswood Wealth Advisors LLC Has $1.47 Million Stake in Palo Alto Networks, Inc. $PANW

Kingswood Wealth Advisors LLC lifted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 39.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,196 shares of the network technology company's stock after purchasing an additional 2,046 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Palo Alto Networks were worth $1,472,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its position in Palo Alto Networks by 147.7% in the 4th 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 during the last quarter. Bison Wealth LLC raised its position in Palo Alto Networks by 169.1% in the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock valued at $948,000 after buying an additional 3,275 shares during the last quarter. Capital Investment Advisors LLC raised its position in Palo Alto Networks by 8.2% in the 1st quarter. Capital Investment Advisors LLC now owns 9,695 shares of the network technology company's stock valued at $1,654,000 after buying an additional 732 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in Palo Alto Networks by 1.4% in the 1st quarter. First Citizens Bank & Trust Co. now owns 8,256 shares of the network technology company's stock valued at $1,409,000 after buying an additional 114 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC raised its position in Palo Alto Networks by 21.7% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 1,578 shares of the network technology company's stock valued at $269,000 after buying an additional 281 shares during the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Palo Alto Networks news, CEO Nikesh Arora sold 846,408 shares of the firm's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total value of $172,718,016.48. Following the sale, the chief executive officer 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $1,020,950.00. Following the completion of the sale, 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 over the last quarter. Insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. UBS Group set a $245.00 price target on Palo Alto Networks in a research report on Friday, September 26th. Needham & Company LLC reissued a "buy" rating and issued a $230.00 price target on shares of Palo Alto Networks in a research report on Wednesday, September 3rd. KeyCorp lowered Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 31st. Piper Sandler raised Palo Alto Networks from a "neutral" rating to an "overweight" rating and raised their target price for the company from $200.00 to $225.00 in a research report on Tuesday, August 12th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $232.00 target price on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Twenty-eight investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $214.95.

Palo Alto Networks Stock Down 0.7%

Shares of NASDAQ PANW opened at $211.04 on Wednesday. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $214.02. The business has a 50-day simple moving average of $190.70 and a two-hundred day simple moving average of $188.60. The company has a market cap of $141.16 billion, a P/E ratio of 131.49, a P/E/G ratio of 5.06 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company earned $0.75 EPS. The firm's revenue 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 research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current 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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