Evolve Private Wealth LLC Takes $526,000 Position in Palo Alto Networks, Inc. $PANW

Evolve Private Wealth LLC acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,542 shares of the network technology company’s stock, valued at approximately $526,000.

A number of other large investors also recently added to or reduced their stakes in PANW. WealthShield Partners LLC bought a new stake in Palo Alto Networks in the second quarter worth $5,345,000. Madison Wealth Partners Inc purchased a new stake in Palo Alto Networks during the second quarter valued at about $392,000. Varma Mutual Pension Insurance Co bought a new position in shares of Palo Alto Networks during the second quarter valued at about $40,453,000. George Kaiser Family Foundation purchased a new position in shares of Palo Alto Networks in the second quarter worth about $864,000. Finally, Forum Private Client Group LLC purchased a new position in shares of Palo Alto Networks in the second quarter worth about $233,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Trading Down 1.9%

NASDAQ:PANW opened at $350.90 on Tuesday. The company has a 50-day moving average price of $338.70 and a 200-day moving average price of $243.49. The stock has a market cap of $285.98 billion, a price-to-earnings ratio of 287.62, a P/E/G ratio of 12.00 and a beta of 0.91. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. 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 announced 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 analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the company earned $0.37 earnings per share. Palo Alto Networks’s quarterly revenue was up 31.1% on a year-over-year basis. 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. Equities analysts predict that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PANW shares. Stifel Nicolaus set a $415.00 target price on Palo Alto Networks and gave the company a “buy” rating in a research note on Wednesday, August 19th. Berenberg Bank lifted their price target on Palo Alto Networks from $290.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Barclays reiterated an “overweight” rating and issued a $370.00 price objective (up from $315.00) on shares of Palo Alto Networks in a research report on Wednesday, August 5th. 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. Finally, Mizuho set a $415.00 target price on shares of Palo Alto Networks and gave the stock an “outperform” rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $364.00.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director Aparna Bawa sold 290 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $348.74, for a total transaction of $101,134.60. Following the transaction, the director owned 6,437 shares in the company, valued at approximately $2,244,839.38. This represents a 4.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 900 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total value of $310,500.00. Following the completion of the transaction, the chief accounting officer directly owned 79,644 shares of the company’s stock, valued at $27,477,180. This represents a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 37,935 shares of company stock worth $10,809,461. Insiders own 1.40% of the company’s stock.

About Palo Alto Networks

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.