Palo Alto Networks, Inc. $PANW Shares Bought by InTrack Investment Management Inc

Key Points

• InTrack Investment Management Inc increased its stake in Palo Alto Networks by 13.2%, now holding 28,646 shares valued at approximately $5.86 million, making it the second largest position in its portfolio.
• A significant number of institutional investors, including Brighton Jones LLC and Bison Wealth LLC, also boosted their investments in Palo Alto Networks during the last quarter, with ownership by institutional investors totaling 79.82%.
• Palo Alto Networks reported earnings of $0.95 EPS for the last quarter, beating analyst expectations, with total revenue reaching $2.54 billion, reflecting a 15.8% year-over-year increase.

InTrack Investment Management Inc raised its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 13.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,646 shares of the network technology company's stock after acquiring an additional 3,343 shares during the quarter. Palo Alto Networks accounts for about 3.9% of InTrack Investment Management Inc's holdings, making the stock its 2nd biggest position. InTrack Investment Management Inc's holdings in Palo Alto Networks were worth $5,862,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of Palo Alto Networks by 147.7% during the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock worth $1,230,000 after buying an additional 4,031 shares during the last quarter. Bison Wealth LLC raised its stake in shares of Palo Alto Networks by 169.1% during the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock worth $948,000 after buying an additional 3,275 shares during the last quarter. Portside Wealth Group LLC raised its stake in shares of Palo Alto Networks by 10.5% during the 1st quarter. Portside Wealth Group LLC now owns 1,841 shares of the network technology company's stock worth $314,000 after buying an additional 175 shares during the last quarter. Daymark Wealth Partners LLC raised its stake in shares of Palo Alto Networks by 6.3% during the 1st quarter. Daymark Wealth Partners LLC now owns 2,676 shares of the network technology company's stock worth $457,000 after buying an additional 158 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Palo Alto Networks by 10.8% during the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock worth $2,410,000 after buying an additional 1,374 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on PANW shares. Stephens reaffirmed an "equal weight" rating and set a $205.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. DA Davidson reaffirmed a "buy" rating and set a $215.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Guggenheim lifted their price target on Palo Alto Networks from $130.00 to $135.00 and gave the stock a "sell" rating in a research note on Tuesday, August 19th. New Street Research lifted their price objective on Palo Alto Networks from $235.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Finally, Scotiabank lifted their price objective on Palo Alto Networks from $225.00 to $228.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, August 19th. Twenty-eight analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $214.95.

Insider Buying and Selling

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $202.16, for a total value of $141,512.00. Following the completion of the sale, the chief accounting officer owned 32,474 shares in the company, valued at $6,564,943.84. The trade was a 2.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks 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 completion of the sale, the executive vice president owned 3,143,516 shares of the company's stock, valued at $543,199,564.80. This trade represents a 3.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,315,130 shares of company stock worth $260,687,367 over the last ninety days. Insiders own 2.50% of the company's stock.

Palo Alto Networks Price Performance

PANW opened at $217.79 on Thursday. The stock has a market capitalization of $145.68 billion, a price-to-earnings ratio of 135.69, a price-to-earnings-growth ratio of 5.02 and a beta of 0.98. The business has a 50-day moving average of $191.40 and a two-hundred day moving average of $188.81. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $217.94.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. The company 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 firm's revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous 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. Equities research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share 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.

Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report).

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.