Leo Wealth LLC Has $1.10 Million Position in Palo Alto Networks, Inc. $PANW

Key Points

• Leo Wealth LLC increased its position in Palo Alto Networks by 147.4%, owning 5,372 shares valued at approximately $1.1 million after acquiring an additional 3,201 shares in the second quarter.
• CEO Nikesh Arora sold 846,408 shares of Palo Alto Networks stock, representing a 75.48% decrease in his holdings, while other insiders collectively sold over 1.3 million shares in the last quarter.
• Analysts maintain a favorable outlook with an average price target of $214.95 for Palo Alto Networks, with 28 analysts rating it as a Buy.

Leo Wealth LLC raised its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 147.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,372 shares of the network technology company's stock after buying an additional 3,201 shares during the quarter. Leo Wealth LLC's holdings in Palo Alto Networks were worth $1,099,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PANW. HWG Holdings LP acquired a new position in shares of Palo Alto Networks during the 1st quarter worth about $31,000. Dagco Inc. acquired a new position in shares of Palo Alto Networks in the 1st quarter valued at approximately $33,000. WPG Advisers LLC acquired a new position in shares of Palo Alto Networks in the 1st quarter valued at approximately $37,000. Strategic Investment Solutions Inc. IL grew its position in shares of Palo Alto Networks by 58.9% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock valued at $38,000 after purchasing an additional 83 shares during the period. Finally, Stonebridge Financial Group LLC grew its position in shares of Palo Alto Networks by 46.8% in the 1st quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company's stock valued at $40,000 after purchasing an additional 74 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Palo Alto Networks

In other news, CEO Nikesh Arora sold 846,408 shares of the company's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the sale, the chief executive officer owned 275,013 shares in the company, valued at $56,119,152.78. This represents a 75.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Nir Zuk sold 100,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $172.80, for a total value of $17,280,000.00. Following the sale, the executive vice president owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. This represents a 3.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,315,130 shares of company stock worth $260,687,367. Insiders own 2.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays reiterated an "overweight" rating and issued a $215.00 price objective (up from $210.00) on shares of Palo Alto Networks in a research report on Tuesday, August 19th. New Street Research boosted their price objective on Palo Alto Networks from $235.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Scotiabank boosted their price objective on Palo Alto Networks from $225.00 to $228.00 and gave the company a "sector outperform" rating in a research report on Tuesday, August 19th. Stephens reiterated an "equal weight" rating and issued a $205.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Finally, KeyCorp lowered Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 31st. Twenty-eight equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $214.95.

Palo Alto Networks Stock Down 1.2%

NASDAQ:PANW opened at $215.17 on Friday. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $217.94. The business has a 50 day moving average price of $192.23 and a two-hundred day moving average price of $189.02. The company has a market cap of $143.93 billion, a P/E ratio of 134.06, a price-to-earnings-growth ratio of 5.18 and a beta of 0.98.

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

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