Keebeck Wealth Management Invests $666,000 in Palo Alto Networks, Inc. $PANW

Keebeck Wealth Management acquired a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,953 shares of the network technology company’s stock, valued at approximately $666,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new position in Palo Alto Networks during the second quarter worth about $25,000. Knuff & Co LLC purchased a new position in shares of Palo Alto Networks in the fourth quarter worth about $26,000. Sittner & Nelson LLC raised its position in shares of Palo Alto Networks by 73.8% in the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 62 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of Palo Alto Networks in the second quarter valued at approximately $27,000. Finally, Luken Investment Analytics LLC lifted its stake in shares of Palo Alto Networks by 196.2% during the 4th quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock valued at $28,000 after buying an additional 102 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Evercore reiterated an “outperform” rating and issued a $415.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, July 8th. Robert W. Baird set a $320.00 target price on Palo Alto Networks in a research report on Wednesday, June 3rd. Needham & Company LLC raised their price target on Palo Alto Networks from $350.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. BNP Paribas Exane lifted their price target on Palo Alto Networks from $330.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Finally, Loop Capital boosted their price objective on Palo Alto Networks from $160.00 to $290.00 and gave the company a “hold” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $362.67.

Insider Transactions at Palo Alto Networks

In other news, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the completion of the sale, the director owned 20,000 shares in the company, valued at approximately $5,598,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Aparna Bawa sold 290 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $348.74, for a total value of $101,134.60. Following the transaction, the director directly owned 6,437 shares of the company’s stock, valued at $2,244,839.38. The trade was a 4.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 37,935 shares of company stock worth $10,809,461. 1.40% of the stock is owned by insiders.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $358.04 on Friday. The company has a 50 day moving average of $337.38 and a 200 day moving average of $241.72. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The stock has a market cap of $291.80 billion, a P/E ratio of 293.48, a P/E/G ratio of 11.74 and a beta of 0.91. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $398.88.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the company posted $0.37 EPS. The business’s revenue for the quarter 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, sell-side analysts forecast that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

Palo Alto Networks Company 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.