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

Key Points

• Perigon Wealth Management LLC increased its stake in Palo Alto Networks by 28.1% during the second quarter, totaling 20,519 shares valued at approximately $4.2 million.
• Insider sales include EVP Dipak Golechha selling 5,000 shares for about $1.02 million, and EVP Lee Klarich selling 120,774 shares for approximately $23 million, indicating significant insider activity in the stock.
• Palo Alto Networks reported a 15.8% year-over-year revenue increase, with earnings per share of $0.95, exceeding analyst expectations and providing positive guidance for FY 2026.

Perigon Wealth Management LLC lifted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 28.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,519 shares of the network technology company's stock after purchasing an additional 4,498 shares during the quarter. Perigon Wealth Management LLC's holdings in Palo Alto Networks were worth $4,199,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. HWG Holdings LP acquired a new position in shares of Palo Alto Networks during the 1st quarter worth $31,000. Dagco Inc. acquired a new position in shares of Palo Alto Networks during the 1st quarter worth $33,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Palo Alto Networks during the 2nd quarter worth $41,000. WPG Advisers LLC acquired a new position in shares of Palo Alto Networks during the 1st quarter worth $37,000. Finally, Strategic Investment Solutions Inc. IL grew its stake in shares of Palo Alto Networks by 58.9% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock worth $38,000 after purchasing an additional 83 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the company's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total value of $1,020,950.00. Following the transaction, the executive vice president directly owned 96,135 shares in the company, valued at approximately $19,629,805.65. This represents a 4.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lee Klarich sold 120,774 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the completion of 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 1,415,030 shares of company stock worth $279,198,494 in the last 90 days. 2.50% of the stock is currently owned by corporate insiders.

Palo Alto Networks Trading Up 0.8%

NASDAQ:PANW opened at $202.21 on Friday. The firm has a market cap of $135.26 billion, a price-to-earnings ratio of 125.99, a price-to-earnings-growth ratio of 4.78 and a beta of 0.98. The company's 50-day moving average is $189.45 and its two-hundred day moving average is $187.18. 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 released its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm 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 fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Barclays reaffirmed an "overweight" rating and set a $215.00 price target (up from $210.00) on shares of Palo Alto Networks in a research note on Tuesday, August 19th. KeyCorp lowered shares of Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 31st. UBS Group set a $185.00 price objective on shares of Palo Alto Networks and gave the stock a "neutral" rating in a research report on Tuesday, August 12th. Needham & Company LLC reiterated a "buy" rating and issued a $230.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, September 3rd. Finally, Rosenblatt Securities decreased their price objective on shares of Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating on the stock in a research report on Thursday, August 14th. Twenty-nine investment 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $212.39.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.