Onyx Bridge Wealth Group LLC Makes New Investment in Palo Alto Networks, Inc. $PANW

Onyx Bridge Wealth Group LLC bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,499 shares of the network technology company's stock, valued at approximately $307,000.

Other hedge funds also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Palo Alto Networks during the first quarter worth about $261,000. Strive Asset Management LLC boosted its stake in Palo Alto Networks by 16.6% during the first quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company's stock worth $358,000 after buying an additional 299 shares during the period. GAMMA Investing LLC boosted its stake in Palo Alto Networks by 10.8% during the first quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock worth $2,410,000 after buying an additional 1,374 shares during the period. Avity Investment Management Inc. boosted its stake in Palo Alto Networks by 37.9% during the second quarter. Avity Investment Management Inc. now owns 181,691 shares of the network technology company's stock worth $37,181,000 after buying an additional 49,971 shares during the period. Finally, Czech National Bank boosted its stake in Palo Alto Networks by 6.4% during the second quarter. Czech National Bank now owns 161,840 shares of the network technology company's stock worth $33,119,000 after buying an additional 9,766 shares during the period. Hedge funds and other institutional investors own 79.82% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on PANW. Tigress Financial began coverage on shares of Palo Alto Networks in a research note on Friday, September 26th. They set a "buy" rating and a $245.00 target price for the company. Needham & Company LLC reissued a "buy" rating and set a $230.00 price target on shares of Palo Alto Networks in a research report on Wednesday, September 3rd. Piper Sandler raised shares of Palo Alto Networks from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $200.00 to $225.00 in a research report on Tuesday, August 12th. New Street Research increased their price target on shares of Palo Alto Networks from $235.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Finally, KeyCorp cut shares of Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 31st. Thirty research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $217.22.

Insider Transactions at Palo Alto Networks

In related news, CEO Nikesh Arora sold 846,408 shares of the firm's stock in a transaction that occurred on Tuesday, September 23rd. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total transaction 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. This trade represents 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 valued at $260,687,367 over the last quarter. Insiders own 2.50% of the company's stock.

Palo Alto Networks Stock Down 0.9%

Shares of NASDAQ:PANW opened at $212.42 on Thursday. The firm's 50 day moving average price is $199.16 and its 200 day moving average price is $191.31. The stock has a market cap of $142.09 billion, a price-to-earnings ratio of 132.35, a price-to-earnings-growth ratio of 5.10 and a beta of 0.98. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $217.94.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. The firm had revenue of $2.54 billion for the quarter, compared to analysts' expectations of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The firm's revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. 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 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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