Ibex Wealth Advisors Acquires 1,866 Shares of Palo Alto Networks, Inc. $PANW

Ibex Wealth Advisors increased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 2.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 68,805 shares of the network technology company’s stock after purchasing an additional 1,866 shares during the period. Palo Alto Networks accounts for approximately 1.2% of Ibex Wealth Advisors’ investment portfolio, making the stock its 20th biggest holding. Ibex Wealth Advisors’ holdings in Palo Alto Networks were worth $12,674,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PANW. Vanguard Group Inc. increased its position in shares of Palo Alto Networks by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock worth $12,512,533,000 after buying an additional 2,659,100 shares during the period. State Street Corp lifted its holdings in Palo Alto Networks by 2.0% in the fourth quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock valued at $5,587,100,000 after buying an additional 594,789 shares during the period. Geode Capital Management LLC boosted its position in Palo Alto Networks by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock valued at $2,934,935,000 after acquiring an additional 540,756 shares during the last quarter. Norges Bank bought a new stake in Palo Alto Networks during the fourth quarter valued at $1,415,364,000. Finally, Northern Trust Corp grew its holdings in Palo Alto Networks by 0.5% during the 3rd quarter. Northern Trust Corp now owns 7,528,248 shares of the network technology company’s stock worth $1,532,902,000 after acquiring an additional 36,511 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Nikesh Arora purchased 68,085 shares of the stock in a transaction dated Friday, March 27th. The shares were purchased at an average cost of $146.87 per share, with a total value of $9,999,643.95. Following the completion of the acquisition, the chief executive officer owned 343,394 shares in the company, valued at $50,434,276.78. This represents a 24.73% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John P. Key sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the completion of the transaction, the director owned 12,500 shares of the company’s stock, valued at $3,490,500. This trade represents a 37.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 101,044 shares of company stock worth $26,022,722 over the last quarter. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Down 1.6%

PANW stock opened at $279.90 on Wednesday. The company has a market capitalization of $228.12 billion, a price-to-earnings ratio of 229.43, a PEG ratio of 10.57 and a beta of 0.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a fifty day moving average of $221.20 and a 200-day moving average of $190.62. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $302.95.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. As a group, equities research analysts predict that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on PANW shares. Jefferies Financial Group set a $335.00 price objective on Palo Alto Networks and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Truist Financial lifted their target price on Palo Alto Networks from $275.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. BTIG Research boosted their price target on Palo Alto Networks from $268.00 to $333.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Robert W. Baird set a $320.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, Cantor Fitzgerald set a $340.00 price objective on shares of Palo Alto Networks and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $306.59.

Palo Alto Networks Profile

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.