My Legacy Advisors LLC Makes New $346,000 Investment in 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 bought a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,804 shares of the network technology company's stock, valued at approximately $346,000.

Other large investors have also recently made changes to their positions in the company. Capital A Wealth Management LLC bought a new position in shares of Palo Alto Networks during the 4th quarter worth $29,000. HWG Holdings LP bought a new position in Palo Alto Networks in the 1st quarter worth about $31,000. Dagco Inc. bought a new position in Palo Alto Networks in the 1st quarter worth about $33,000. SWAN Capital LLC boosted its stake in Palo Alto Networks by 100.0% in the 4th quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock worth $36,000 after purchasing an additional 100 shares during the period. Finally, WPG Advisers LLC bought a new position in Palo Alto Networks in the 1st quarter worth about $37,000. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Trading Down 2.5%

Shares of PANW stock traded down $5.11 during mid-day trading on Tuesday, reaching $203.07. The stock had a trading volume of 3,327,549 shares, compared to its average volume of 6,388,969. The firm has a market capitalization of $135.83 billion, a PE ratio of 126.62, a price-to-earnings-growth ratio of 4.96 and a beta of 0.98. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $210.39. The stock's 50-day moving average price is $188.95 and its two-hundred day moving average price is $186.78.

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 for the quarter, topping analysts' consensus estimates of $0.89 by $0.06. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the company earned $0.75 EPS. 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 research analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Transactions at Palo Alto Networks

In other news, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $191.11, for a total value of $23,081,119.14. Following the sale, the executive vice president directly owned 177,954 shares in the company, valued at approximately $34,008,788.94. This trade represents a 40.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 563,622 shares of company stock worth $105,459,528. 2.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on PANW. Rosenblatt Securities cut their target price on Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating for the company in a research note on Thursday, August 14th. Guggenheim raised their price target on Palo Alto Networks from $130.00 to $135.00 and gave the company a "sell" rating in a report on Tuesday, August 19th. DA Davidson reaffirmed a "buy" rating and issued a $215.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. Barclays reissued an "overweight" rating and set a $215.00 price objective (up from $210.00) on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, UBS Group set a $185.00 price objective on Palo Alto Networks and gave the company a "neutral" rating in a report on Tuesday, August 12th. Twenty-nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $212.39.

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.