Robertson Stephens Wealth Management LLC Boosts Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• Robertson Stephens Wealth Management LLC significantly increased its stake in Palo Alto Networks, raising their holdings by 725.5% to 20,736 shares worth approximately $4.24 million.
• Insider selling has been notable, including CEO Nikesh Arora who sold over 846,000 shares, representing a 75.48% reduction in his position, and CAO Josh D. Paul who sold 700 shares.
• Analysts maintain a generally positive outlook for Palo Alto Networks, with a consensus rating of "Moderate Buy" and an average price target of approximately $214.95.

Robertson Stephens Wealth Management LLC raised its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 725.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,736 shares of the network technology company's stock after purchasing an additional 18,224 shares during the period. Robertson Stephens Wealth Management LLC's holdings in Palo Alto Networks were worth $4,243,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. HWG Holdings LP acquired a new stake in Palo Alto Networks in the 1st quarter worth about $31,000. Dagco Inc. acquired a new stake in shares of Palo Alto Networks in the first quarter valued at about $33,000. WPG Advisers LLC acquired a new stake in shares of Palo Alto Networks in the first quarter valued at about $37,000. Strategic Investment Solutions Inc. IL raised its position in shares of 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 valued at $38,000 after buying an additional 83 shares during the last quarter. Finally, Stonebridge Financial Group LLC raised its position in shares of 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 valued at $40,000 after buying an additional 74 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Josh D. Paul sold 700 shares of the firm's stock in a transaction that occurred on 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 directly owned 32,474 shares of the company's stock, valued at $6,564,943.84. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nikesh Arora sold 846,408 shares of Palo Alto Networks stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total value of $172,718,016.48. Following the transaction, the chief executive officer directly owned 275,013 shares of the company's stock, valued at $56,119,152.78. This trade represents a 75.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,315,130 shares of company stock valued at $260,687,367 over the last ninety days. 2.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on PANW. Wedbush reissued an "outperform" rating and set a $225.00 price objective on shares of Palo Alto Networks in a research note on Monday, September 15th. BMO Capital Markets upped their price objective on shares of Palo Alto Networks from $217.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, August 19th. Tigress Financial started coverage on shares of Palo Alto Networks in a report on Friday, September 26th. They issued a "buy" rating and a $245.00 price objective for the company. Sanford C. Bernstein set a $207.00 price target on shares of Palo Alto Networks and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Finally, Rosenblatt Securities cut their price target on shares of Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating for the company in a report on Thursday, August 14th. Twenty-eight equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $214.95.

Palo Alto Networks Trading Down 1.2%

NASDAQ:PANW opened at $215.17 on Friday. The firm has a market cap of $143.93 billion, a PE ratio of 134.06, a price-to-earnings-growth ratio of 5.18 and a beta of 0.98. The stock has a fifty day moving average price of $192.23 and a 200 day moving average price of $189.02. 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 earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. The firm 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% compared to the same quarter last year. During the same quarter in the previous 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. Equities analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

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.

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.