Palo Alto Networks, Inc. $PANW Shares Acquired by Palacios Wealth Management LLC

Key Points

• Palacios Wealth Management LLC increased its stake in Palo Alto Networks, Inc. by 145.6% during Q2, now owning 3,099 shares valued at approximately $634,000.
• Several institutional investors, including St. Clair Advisors and Csenge Advisory Group, also raised their positions in Palo Alto Networks, contributing to a collective ownership of 79.82% by hedge funds and other institutions.
• Palo Alto Networks reported Q2 earnings of $0.95 per share, surpassing analysts' expectations, with revenues of $2.54 billion, a 15.8% year-over-year increase.

Palacios Wealth Management LLC raised its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 145.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,099 shares of the network technology company's stock after buying an additional 1,837 shares during the quarter. Palacios Wealth Management LLC's holdings in Palo Alto Networks were worth $634,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC purchased a new stake in shares of Palo Alto Networks in the fourth quarter valued at about $29,000. HWG Holdings LP acquired a new stake in Palo Alto Networks in the 1st quarter valued at about $31,000. Dagco Inc. acquired a new position in shares of Palo Alto Networks during the 1st quarter worth approximately $33,000. SWAN Capital LLC boosted its stake in shares of Palo Alto Networks by 100.0% during the fourth quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Finally, WPG Advisers LLC purchased a new stake in Palo Alto Networks in the 1st quarter worth approximately $37,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Price Performance

NASDAQ PANW traded down $4.99 during trading hours on Tuesday, reaching $203.19. 3,928,819 shares of the company's stock traded hands, compared to its average volume of 6,391,613. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $210.39. The firm has a 50-day simple moving average of $188.95 and a 200 day simple moving average of $186.78. The firm has a market cap of $135.91 billion, a PE ratio of 126.65, a PEG ratio of 4.96 and a beta of 0.98.

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 the consensus estimate 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 firm had revenue of $2.54 billion for the quarter, compared to analysts' expectations of $2.50 billion. The business's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business 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. Sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Piper Sandler raised shares of Palo Alto Networks from a "neutral" rating to an "overweight" rating and raised their target price for the company from $200.00 to $225.00 in a research note on Tuesday, August 12th. Wedbush reissued an "outperform" rating and issued a $225.00 target price on shares of Palo Alto Networks in a report on Monday, September 15th. 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. Bank of America upgraded shares of Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 price objective on the stock in a research note on Tuesday, August 19th. Finally, Stephens reissued an "equal weight" rating and set a $205.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Twenty-nine 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $212.39.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the business's stock in a transaction dated 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 sale, the executive vice president owned 177,954 shares in the company, valued at approximately $34,008,788.94. The trade was a 40.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $184.20, for a total value of $128,940.00. Following the completion of the transaction, the chief accounting officer owned 37,723 shares of the company's stock, valued at approximately $6,948,576.60. This represents a 1.82% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 563,622 shares of company stock valued at $105,459,528. Insiders own 2.50% of the company's stock.

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.