LeConte Wealth Management LLC Makes New Investment in Palo Alto Networks, Inc. $PANW

Key Points

• LeConte Wealth Management LLC invested approximately $347,000 in Palo Alto Networks, Inc. during the first quarter, acquiring 2,034 shares of the company's stock.
• Insider transactions reveal that EVP Nir Zuk sold 100,000 shares for about $17.28 million, reflecting a 3.08% decrease in his ownership stake.
• The stock has a market cap of $118.08 billion and reported a 15.3% year-over-year revenue increase with earnings per share of $0.80, exceeding analyst expectations.

LeConte Wealth Management LLC purchased a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,034 shares of the network technology company's stock, valued at approximately $347,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Transce3nd LLC acquired a new position in Palo Alto Networks in the fourth quarter valued at about $25,000. Capital A Wealth Management LLC acquired a new position in Palo Alto Networks in the fourth quarter valued at about $29,000. HWG Holdings LP acquired a new position in Palo Alto Networks during the first quarter worth about $31,000. Dagco Inc. acquired a new position in Palo Alto Networks during the first quarter worth about $33,000. Finally, SWAN Capital LLC raised its stake in Palo Alto Networks by 100.0% during the fourth quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on PANW. UBS Group set a $185.00 target price on Palo Alto Networks and gave the stock a "neutral" rating in a research note on Tuesday, August 12th. TD Securities reissued a "buy" rating and set a $230.00 target price on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Wells Fargo & Company boosted their target price on Palo Alto Networks from $225.00 to $235.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Piper Sandler raised Palo Alto Networks from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $200.00 to $225.00 in a research note on Tuesday, August 12th. Finally, BMO Capital Markets boosted their target price on Palo Alto Networks from $217.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday. Twenty-eight research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $211.52.

Insiders Place Their Bets

In related news, Director Aparna Bawa sold 526 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $190.00, for a total value of $99,940.00. Following the sale, the director directly owned 8,632 shares in the company, valued at $1,640,080. This represents a 5.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Josh D. Paul sold 600 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $204.00, for a total value of $122,400.00. Following the completion of the sale, the chief accounting officer owned 41,433 shares in the company, valued at $8,452,332. The trade was a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 669,248 shares of company stock valued at $126,423,337 over the last three months. Insiders own 2.50% of the company's stock.

Palo Alto Networks Trading Up 1.9%

PANW stock traded up $3.3740 during trading on Wednesday, hitting $184.9340. The company had a trading volume of 11,007,435 shares, compared to its average volume of 6,447,921. The business has a 50-day moving average of $191.31 and a 200-day moving average of $186.32. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $210.39. The stock has a market cap of $123.31 billion, a PE ratio of 115.31, a PEG ratio of 4.33 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a return on equity of 18.55% and a net margin of 12.30%.The business had revenue of $2.54 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the prior year, the business posted $0.75 earnings per share. The firm'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. Research analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current 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.