Palo Alto Networks, Inc. $PANW Shares Bought by PFG Investments LLC

Key Points

• PFG Investments LLC raised its stake in Palo Alto Networks, Inc. (PANW) by 12.6%, owning 17,089 shares valued at approximately $3.5 million as of their latest SEC filing.
• A recent analysis indicates that 79.82% of Palo Alto Networks' stock is owned by institutional investors and hedge funds, highlighting strong institutional interest in the company.
• Palo Alto Networks reported earnings of $0.95 per share for the quarter, exceeding expectations, with revenues reaching $2.54 billion, a 15.8% increase year-over-year.

PFG Investments LLC increased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 12.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,089 shares of the network technology company's stock after purchasing an additional 1,911 shares during the quarter. PFG Investments LLC's holdings in Palo Alto Networks were worth $3,497,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PANW. HWG Holdings LP acquired a new stake in shares of Palo Alto Networks in the first quarter worth $31,000. Dagco Inc. acquired a new stake in Palo Alto Networks in the 1st quarter valued at $33,000. WPG Advisers LLC acquired a new stake in Palo Alto Networks in the 1st quarter valued at $37,000. Strategic Investment Solutions Inc. IL increased its holdings in Palo Alto Networks by 58.9% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock valued at $38,000 after purchasing an additional 83 shares in the last quarter. Finally, Stonebridge Financial Group LLC increased its holdings in Palo Alto Networks by 46.8% in the 1st quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company's stock valued at $40,000 after purchasing an additional 74 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PANW. JMP Securities reiterated a "market outperform" rating and issued a $212.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $223.00 price target on shares of Palo Alto Networks in a research note on Friday, August 15th. DA Davidson restated a "buy" rating and set a $215.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Stephens reissued an "equal weight" rating and set a $205.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Piper Sandler raised shares of Palo Alto Networks from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $200.00 to $225.00 in a report on Tuesday, August 12th. Thirty analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $214.64.

Insider Buying and Selling at Palo Alto Networks

In related news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction that occurred 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 sale, the chief accounting officer directly 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, the executive vice president owned 96,135 shares in the company, valued at $19,629,805.65. This trade represents a 4.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,314,430 shares of company stock valued at $259,210,094 in the last ninety days. Insiders own 2.50% of the company's stock.

Palo Alto Networks Stock Down 0.2%

NASDAQ:PANW opened at $203.62 on Wednesday. The company's 50 day moving average is $189.80 and its 200-day moving average is $187.74. The firm has a market cap of $136.20 billion, a price-to-earnings ratio of 126.87, a P/E/G ratio of 4.86 and a beta of 0.98. 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 posted its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. The business had revenue of $2.54 billion for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Palo Alto Networks 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.

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