Palo Alto Networks, Inc. $PANW Shares Purchased by Bogart Wealth LLC

Key Points

• Bogart Wealth LLC increased its stake in Palo Alto Networks by 3.5% in Q2, bringing its total holdings to 72,711 shares valued at approximately $14.88 million.
• Multiple research analysts have recently upgraded Palo Alto Networks' stock rating to "buy," with various price targets ranging from $205 to $245.
• Palo Alto Networks reported a quarterly earnings per share (EPS) of $0.95, exceeding expectations, and a year-over-year revenue increase of 15.8%.

Bogart Wealth LLC lifted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 3.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 72,711 shares of the network technology company's stock after purchasing an additional 2,477 shares during the quarter. Bogart Wealth LLC's holdings in Palo Alto Networks were worth $14,880,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. HWG Holdings LP purchased a new position in Palo Alto Networks in the first quarter worth approximately $31,000. Dagco Inc. purchased a new position in Palo Alto Networks in the first quarter worth approximately $33,000. WPG Advisers LLC purchased a new position in Palo Alto Networks in the first quarter worth approximately $37,000. Strategic Investment Solutions Inc. IL grew its position in Palo Alto Networks by 58.9% in the first quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock worth $38,000 after acquiring an additional 83 shares during the period. Finally, Stonebridge Financial Group LLC grew its position in Palo Alto Networks by 46.8% in the first quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company's stock worth $40,000 after acquiring an additional 74 shares during the period. Institutional investors and hedge funds own 79.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. BTIG Research upgraded Palo Alto Networks from a "neutral" rating to a "buy" rating in a research report on Monday, October 13th. Bank of America upgraded Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 price objective for the company in a research report on Tuesday, August 19th. Stephens reiterated an "equal weight" rating and issued a $205.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. UBS Group set a $245.00 price objective on Palo Alto Networks in a research report on Friday, September 26th. Finally, Truist Financial set a $220.00 price target on Palo Alto Networks and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Thirty investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $216.60.

Palo Alto Networks Stock Up 1.2%

PANW opened at $207.89 on Monday. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $217.94. The business has a fifty day simple moving average of $196.80 and a 200-day simple moving average of $190.59. The firm has a market cap of $139.06 billion, a P/E ratio of 129.53, a P/E/G ratio of 4.94 and a beta of 0.98.

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 analyst estimates 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% on a year-over-year basis. During the same period last year, the business 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. Sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Lee Klarich sold 120,774 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $211.92, for a total value of $25,594,426.08. Following the sale, the executive vice president directly owned 149,190 shares in the company, valued at approximately $31,616,344.80. This trade represents a 44.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction on Wednesday, October 1st. The shares were 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 approximately $6,564,943.84. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,315,130 shares of company stock valued at $260,687,367. 2.50% of the stock is owned by company insiders.

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.

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.