Farther Finance Advisors LLC Purchases 7,145 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Farther Finance Advisors LLC increased its holdings in Palo Alto Networks by 65.0%, owning 18,134 shares valued at approximately $3.71 million as of the end of the last quarter.
• Insider selling activity included Chief Accounting Officer Josh D. Paul selling 700 shares for about $128,940, and Executive Vice President Lee Klarich selling 120,774 shares valued at over $23 million.
• Palo Alto Networks has received positive analyst ratings, with Piper Sandler upgrading its rating from "neutral" to "overweight" and raising the price target to $225.00.

Farther Finance Advisors LLC increased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 65.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 18,134 shares of the network technology company's stock after acquiring an additional 7,145 shares during the period. Farther Finance Advisors LLC's holdings in Palo Alto Networks were worth $3,711,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new stake in Palo Alto Networks in the first quarter valued at about $810,047,000. Kingstone Capital Partners Texas LLC bought a new position in Palo Alto Networks in the 2nd quarter worth approximately $633,068,000. GAMMA Investing LLC raised its holdings in shares of Palo Alto Networks by 18,802.8% in the 1st quarter. GAMMA Investing LLC now owns 2,410,290 shares of the network technology company's stock worth $411,292,000 after purchasing an additional 2,397,539 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Palo Alto Networks by 41.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company's stock worth $1,234,650,000 after purchasing an additional 2,134,735 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Palo Alto Networks by 77.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company's stock worth $662,000,000 after purchasing an additional 1,688,432 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PANW. Jefferies Financial Group set a $235.00 price objective on Palo Alto Networks in a research report on Tuesday, July 29th. KeyCorp cut Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 31st. Morgan Stanley raised their price target on shares of Palo Alto Networks from $210.00 to $216.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Rosenblatt Securities cut their price target on shares of Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday, August 14th. Finally, UBS Group set a $185.00 price objective on Palo Alto Networks and gave the company a "neutral" rating in a research report on Tuesday, August 12th. Twenty-nine equities research 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's stock. Based on data from MarketBeat.com, Palo Alto Networks has an average rating of "Moderate Buy" and a consensus target price of $212.39.

Insider Activity at Palo Alto Networks

In other news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $184.20, for a total value of $128,940.00. Following the transaction, the chief accounting officer owned 37,723 shares in the company, valued at approximately $6,948,576.60. This trade represents a 1.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $172.80, for a total value of $17,280,000.00. Following the sale, the executive vice president owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. The trade was a 3.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 563,622 shares of company stock worth $105,459,528 in the last ninety days. Company insiders own 2.50% of the company's stock.

Palo Alto Networks Price Performance

PANW traded down $0.01 during trading on Monday, reaching $208.18. 5,465,346 shares of the stock were exchanged, compared to its average volume of 5,548,172. The company has a market capitalization of $139.25 billion, a price-to-earnings ratio of 129.71, a P/E/G ratio of 4.96 and a beta of 0.98. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $210.39. The business's 50 day moving average price is $188.95 and its two-hundred day moving average price is $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 earnings per share for the quarter, topping 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 business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company earned $0.75 earnings per share. The business'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 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.