Sax Wealth Advisors LLC Purchases 4,006 Shares of Palo Alto Networks, Inc. $PANW

Sax Wealth Advisors LLC raised its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 129.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,112 shares of the network technology company's stock after purchasing an additional 4,006 shares during the quarter. Sax Wealth Advisors LLC's holdings in Palo Alto Networks were worth $1,455,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PANW. HWG Holdings LP purchased a new position in shares of Palo Alto Networks during the 1st quarter valued at about $31,000. Dagco Inc. purchased a new position in shares of Palo Alto Networks during the 1st quarter valued at about $33,000. WPG Advisers LLC purchased a new position in shares of Palo Alto Networks during the 1st quarter valued at about $37,000. Strategic Investment Solutions Inc. IL lifted its position in shares of Palo Alto Networks by 58.9% during the 1st 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 in the last quarter. Finally, Stonebridge Financial Group LLC lifted its position in shares of Palo Alto Networks by 46.8% during the 1st 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 in the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palo Alto Networks

In other news, CEO Nikesh Arora sold 846,408 shares of the company's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the sale, the chief executive officer directly owned 275,013 shares of the company's stock, valued at $56,119,152.78. This represents a 75.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nir Zuk sold 100,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $172.80, for a total value of $17,280,000.00. Following the sale, the executive vice president directly owned 3,143,516 shares in the company, valued at $543,199,564.80. This trade represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,315,130 shares of company stock worth $260,687,367. Company insiders own 2.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PANW. DA Davidson reaffirmed a "buy" rating and set a $215.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. JMP Securities reissued a "market outperform" rating and issued a $212.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. Piper Sandler raised Palo Alto Networks from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $200.00 to $225.00 in a report on Tuesday, August 12th. New Street Research boosted their price target on Palo Alto Networks from $235.00 to $240.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Finally, UBS Group set a $245.00 price target on Palo Alto Networks in a report on Friday, September 26th. Twenty-eight analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $214.95.

Palo Alto Networks Price Performance

Shares of PANW opened at $211.04 on Wednesday. The stock has a market capitalization of $141.16 billion, a price-to-earnings ratio of 131.49, a price-to-earnings-growth ratio of 5.06 and a beta of 0.98. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $214.02. The business's 50 day simple moving average is $190.70 and its 200-day simple moving average is $188.60.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 17.66% and a net margin of 12.30%.The company's revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, sell-side analysts expect 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.