CreativeOne Wealth LLC Increases Stock Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• CreativeOne Wealth LLC increased its holdings in Palo Alto Networks by 26.9% in Q1, owning 24,970 shares valued at $4,261,000.
• Palo Alto Networks reported $2.54 billion in revenue for the last quarter, beating analyst estimates and showing a 15.8% year-over-year increase in revenue.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Palo Alto Networks, with price targets ranging from $177.00 to $230.00.

CreativeOne Wealth LLC increased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 26.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,970 shares of the network technology company's stock after purchasing an additional 5,298 shares during the quarter. CreativeOne Wealth LLC's holdings in Palo Alto Networks were worth $4,261,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Csenge Advisory Group grew its position 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 valued at $381,000 after acquiring an additional 53 shares in the last quarter. GSG Advisors LLC grew its position in shares of Palo Alto Networks by 0.4% during the first 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 in the last quarter. SYM FINANCIAL Corp grew its position in shares of 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 worth $691,000 after buying an additional 55 shares in the last quarter. Crew Capital Management Ltd. grew its position in shares of 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 worth $394,000 after buying an additional 57 shares in the last quarter. Finally, TFB Advisors LLC grew its position in shares of Palo Alto Networks by 1.9% during the first quarter. TFB Advisors LLC now owns 3,084 shares of the network technology company's stock worth $526,000 after buying an additional 58 shares in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PANW has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on Palo Alto Networks from $225.00 to $221.00 and set an "overweight" rating for the company in a research note on Wednesday, May 21st. Bank of America raised Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 price target for the company in a report on Tuesday, August 19th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $232.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. Wells Fargo & Company upped their price target on Palo Alto Networks from $225.00 to $235.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Finally, TD Securities reaffirmed a "buy" rating and issued a $230.00 price target on shares of Palo Alto Networks in a report on Wednesday, May 21st. Twenty-eight equities 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 a consensus rating of "Moderate Buy" and a consensus price target of $211.52.

Palo Alto Networks Trading Down 0.3%

Shares of Palo Alto Networks stock traded down $0.50 during trading hours on Friday, hitting $190.52. 5,189,897 shares of the company were exchanged, compared to its average volume of 11,148,018. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $210.39. The business has a 50-day moving average of $189.39 and a 200-day moving average of $186.10. The stock has a market capitalization of $127.04 billion, a price-to-earnings ratio of 118.70, a P/E/G ratio of 4.55 and a beta of 0.94.

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, topping the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The company's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Lee Klarich sold 120,774 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $195.14, for a total transaction of $23,567,838.36. Following the completion of the transaction, the executive vice president directly owned 264,246 shares of the company's stock, valued at $51,564,964.44. This represents a 31.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Josh D. Paul sold 800 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $201.05, for a total value of $160,840.00. Following the completion of the transaction, the chief accounting officer owned 42,033 shares of the company's stock, valued at $8,450,734.65. The trade was a 1.87% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 669,422 shares of company stock valued at $126,452,337. Company insiders own 2.50% of the company's stock.

Palo Alto Networks Company 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.