Shelton Wealth Management LLC Acquires 1,264 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Shelton Wealth Management LLC significantly increased its stake in Palo Alto Networks by 99.1%, acquiring an additional 1,264 shares, bringing its total holdings to 2,539 shares valued at $520,000.
• Wall Street analysts are optimistic about Palo Alto Networks, with a consensus rating of "Moderate Buy" and an average price target of $212.39.
• Palo Alto Networks reported a 15.8% increase in revenue year-over-year, along with an earnings per share (EPS) of $0.95 for the latest quarter, surpassing analysts' expectations of $0.89.

Shelton Wealth Management LLC increased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 99.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,539 shares of the network technology company's stock after acquiring an additional 1,264 shares during the period. Shelton Wealth Management LLC's holdings in Palo Alto Networks were worth $520,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. St. Clair Advisors LLC grew its holdings in Palo Alto Networks by 0.3% during the second quarter. St. Clair Advisors LLC now owns 15,800 shares of the network technology company's stock worth $3,233,000 after acquiring an additional 50 shares during the period. Csenge Advisory Group increased its stake in Palo Alto Networks by 2.4% in the 1st quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company's stock worth $381,000 after purchasing an additional 53 shares in the last quarter. GSG Advisors LLC raised its holdings in Palo Alto Networks by 0.4% during the 1st quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company's stock worth $2,154,000 after buying an additional 54 shares during the period. SYM FINANCIAL Corp lifted its stake in Palo Alto Networks by 1.4% during the first quarter. SYM FINANCIAL Corp now owns 4,047 shares of the network technology company's stock valued at $691,000 after buying an additional 55 shares in the last quarter. Finally, Crew Capital Management Ltd. lifted its stake in Palo Alto Networks by 2.5% during the first quarter. Crew Capital Management Ltd. now owns 2,310 shares of the network technology company's stock valued at $394,000 after buying an additional 57 shares in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Josh D. Paul sold 700 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $184.20, for a total transaction of $128,940.00. Following the transaction, the chief accounting officer owned 37,723 shares of the company's stock, valued at approximately $6,948,576.60. The trade was a 1.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the business's stock in a transaction 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 directly owned 177,954 shares in the company, valued at $34,008,788.94. This trade represents a 40.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 563,622 shares of company stock valued at $105,459,528. 2.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on PANW shares. UBS Group set a $185.00 target price on shares of Palo Alto Networks and gave the stock a "neutral" rating in a report on Tuesday, August 12th. Bank of America upgraded shares of Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 target price for the company in a report on Tuesday, August 19th. Barclays reiterated an "overweight" rating and issued a $215.00 target price (up from $210.00) on shares of Palo Alto Networks in a report on Tuesday, August 19th. Wedbush reiterated an "outperform" rating and issued a $225.00 target price on shares of Palo Alto Networks in a report on Monday, September 15th. Finally, Guggenheim raised their target price on shares of Palo Alto Networks from $130.00 to $135.00 and gave the stock a "sell" rating in a report on Tuesday, August 19th. Twenty-nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Palo Alto Networks presently has an average rating of "Moderate Buy" and an average price target of $212.39.

Palo Alto Networks Stock Down 1.8%

Shares of NASDAQ:PANW traded down $3.72 during trading on Tuesday, reaching $204.46. The stock had a trading volume of 2,709,973 shares, compared to its average volume of 6,385,760. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $210.39. The firm has a market capitalization of $136.76 billion, a price-to-earnings ratio of 127.45, a P/E/G ratio of 4.96 and a beta of 0.98. The stock has a fifty day simple moving average of $188.95 and a two-hundred day simple moving average of $186.78.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating 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 company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The company'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. On average, analysts forecast 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.