My Legacy Advisors LLC Buys Shares of 1,804 Palo Alto Networks, Inc. $PANW

Key Points

• My Legacy Advisors LLC has acquired 1,804 shares of Palo Alto Networks, Inc. (PANW), valued at approximately $346,000, during the second quarter, highlighting increasing institutional interest in the company.
• Recent analyst upgrades include BMO Capital Markets raising their target price to $225.00 and Guggenheim updating it to $135.00, reflecting a mixed sentiment among market analysts.
• Palo Alto Networks reported better than expected earnings for the last quarter, with an EPS of $0.95, exceeding the consensus estimate, and revenue growth of 15.8% year over year.

My Legacy Advisors LLC acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,804 shares of the network technology company's stock, valued at approximately $346,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Nuveen LLC bought a new position in Palo Alto Networks during the 1st quarter valued at $810,047,000. Kingstone Capital Partners Texas LLC bought a new stake in Palo Alto Networks during the 2nd quarter worth about $633,068,000. GAMMA Investing LLC boosted its position in Palo Alto Networks by 18,802.8% during the 1st quarter. GAMMA Investing LLC now owns 2,410,290 shares of the network technology company's stock worth $411,292,000 after acquiring an additional 2,397,539 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Palo Alto Networks by 41.9% in the first quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company's stock valued at $1,234,650,000 after acquiring an additional 2,134,735 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Palo Alto Networks by 77.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company's stock valued at $662,000,000 after acquiring an additional 1,688,432 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company's stock.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the sale, the executive vice president owned 101,135 shares of the company's stock, valued at $20,414,099.75. The trade was a 4.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the transaction, the executive vice president owned 177,954 shares in the company, valued at approximately $34,008,788.94. This trade represents a 40.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 568,622 shares of company stock worth $106,468,778 over the last ninety days. 2.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PANW shares. Jefferies Financial Group set a $235.00 price target on Palo Alto Networks in a research report on Tuesday, July 29th. Royal Bank Of Canada reissued an "outperform" rating and set a $232.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Rosenblatt Securities lowered their target price on shares of Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating on the stock in a research note on Thursday, August 14th. Truist Financial set a $220.00 price target on shares of Palo Alto Networks and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Finally, Scotiabank lifted their price target on shares of 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. Twenty-nine research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $212.39.

Palo Alto Networks Stock Up 1.2%

Shares of PANW stock traded up $2.51 during trading hours on Friday, hitting $208.19. 8,643,982 shares of the company's stock traded hands, compared to its average volume of 5,548,172. The stock's 50 day simple moving average is $188.60 and its 200 day simple moving average is $186.59. The stock has a market cap of $139.26 billion, a PE ratio of 129.71, a price-to-earnings-growth ratio of 4.96 and a beta of 0.98. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued 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 net margin of 12.30% and a return on equity of 17.66%. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the firm posted $0.75 EPS. The firm's quarterly 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, equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Palo Alto Networks 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.