Simplicity Wealth LLC Raises Position in Palo Alto Networks, Inc. $PANW

Key Points

• Simplicity Wealth LLC increased its holdings in Palo Alto Networks, Inc. by 96.0% in the second quarter, owning 2,572 shares valued at approximately $526,000.
• Insider activity included significant sales, with EVP Lee Klarich selling 120,774 shares for over $25 million, representing a 44.74% decrease in his ownership.
• Research analysts have set an average target price of $214.95 for Palo Alto Networks, with a consensus rating of "Moderate Buy" among 42 analysts.

Simplicity Wealth LLC raised its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 96.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,572 shares of the network technology company's stock after buying an additional 1,260 shares during the period. Simplicity Wealth LLC's holdings in Palo Alto Networks were worth $526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. HWG Holdings LP acquired a new stake in Palo Alto Networks during the 1st quarter worth $31,000. Dagco Inc. acquired a new stake in Palo Alto Networks during the 1st quarter worth $33,000. WPG Advisers LLC acquired a new stake in Palo Alto Networks during the 1st quarter worth $37,000. Strategic Investment Solutions Inc. IL raised its stake in 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 worth $38,000 after acquiring an additional 83 shares in the last quarter. Finally, Stonebridge Financial Group LLC raised its stake in 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 worth $40,000 after acquiring an additional 74 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Palo Alto Networks in a research report on Saturday, September 27th. Royal Bank Of Canada reissued an "outperform" rating and set a $232.00 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 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Guggenheim raised their price objective on shares of Palo Alto Networks from $130.00 to $135.00 and gave the stock a "sell" rating in a research report on Tuesday, August 19th. Finally, DA Davidson reissued a "buy" rating and set a $215.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Twenty-eight investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $214.95.

Insider Activity

In related news, EVP Lee Klarich sold 120,774 shares of the business's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the sale, the executive vice president owned 149,190 shares of the company's stock, valued at approximately $31,616,344.80. The trade was a 44.74% 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 business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the sale, the executive vice president directly owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. This represents a 3.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,315,130 shares of company stock valued at $260,687,367 in the last quarter. Insiders own 2.50% of the company's stock.

Palo Alto Networks Stock Down 0.7%

Shares of NASDAQ:PANW opened at $211.04 on Wednesday. The company has a market cap of $141.16 billion, a price-to-earnings ratio of 131.49, a PEG ratio of 5.06 and a beta of 0.98. The firm's 50-day simple moving average is $190.70 and its 200-day simple moving average is $188.60. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $214.02.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. On average, research 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.

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