SeaCrest Wealth Management LLC Has $1.82 Million Stock Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• SeaCrest Wealth Management LLC reduced its stake in Palo Alto Networks, Inc. by 33.7%, owning 8,908 shares worth approximately $1.82 million after selling 4,525 shares in the second quarter.
• A number of institutional investors have altered their positions, with hedge funds collectively holding 79.82% of Palo Alto Networks’ stock.
• The stock is currently rated a "Moderate Buy" by analysts, with a consensus target price of $212.39.

SeaCrest Wealth Management LLC lessened its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 33.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 8,908 shares of the network technology company's stock after selling 4,525 shares during the quarter. SeaCrest Wealth Management LLC's holdings in Palo Alto Networks were worth $1,823,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PANW. Capital A Wealth Management LLC acquired a new position in Palo Alto Networks during the 4th quarter worth $29,000. HWG Holdings LP acquired a new position in Palo Alto Networks during the 1st quarter worth $31,000. Dagco Inc. acquired a new position in Palo Alto Networks during the 1st quarter worth $33,000. SWAN Capital LLC boosted its position in Palo Alto Networks by 100.0% during the 4th quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock worth $36,000 after acquiring an additional 100 shares during the period. Finally, WPG Advisers LLC acquired a new position in Palo Alto Networks during the 1st quarter worth $37,000. Institutional investors and hedge funds own 79.82% of the company's stock.

Insider Activity

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $191.11, for a total value of $23,081,119.14. Following the sale, the executive vice president owned 177,954 shares in the company, valued at $34,008,788.94. This represents a 40.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Nir Zuk sold 100,000 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 3,143,516 shares in the company, valued at $543,199,564.80. The trade was a 3.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 563,622 shares of company stock worth $105,459,528 over the last three months. Corporate insiders own 2.50% of the company's stock.

Wall Street Analysts Forecast Growth

PANW has been the subject of several research analyst reports. Guggenheim upped their price objective on Palo Alto Networks from $130.00 to $135.00 and gave the company a "sell" rating in a report on Tuesday, August 19th. Morgan Stanley upped their price objective on Palo Alto Networks from $210.00 to $216.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. JMP Securities restated a "market outperform" rating and issued a $212.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. UBS Group set a $185.00 price objective on Palo Alto Networks and gave the company a "neutral" rating in a report on Tuesday, August 12th. Finally, 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 report on Tuesday, August 19th. Twenty-nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $212.39.

Palo Alto Networks Trading Down 0.0%

PANW traded down $0.01 during midday trading on Monday, reaching $208.18. The company's stock had a trading volume of 5,270,030 shares, compared to its average volume of 6,396,705. The stock has a market cap of $139.25 billion, a P/E ratio of 129.71, a PEG ratio of 4.96 and a beta of 0.98. The company has a fifty day simple moving average of $188.60 and a 200 day simple moving average of $186.59. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve 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 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 the consensus estimate of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.Palo Alto Networks's revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the company 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. Sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current 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.