IPG Investment Advisors LLC Has $8.58 Million Stock Holdings in Palo Alto Networks, Inc. $PANW

IPG Investment Advisors LLC lifted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 26.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,161 shares of the network technology company’s stock after purchasing an additional 5,264 shares during the period. Palo Alto Networks accounts for about 1.2% of IPG Investment Advisors LLC’s portfolio, making the stock its 19th biggest position. IPG Investment Advisors LLC’s holdings in Palo Alto Networks were worth $8,580,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Solstein Capital LLC acquired a new position in shares of Palo Alto Networks during the second quarter valued at about $26,000. N.E.W. Advisory Services LLC bought a new position in shares of Palo Alto Networks during the 2nd quarter worth about $27,000. Delos Wealth Advisors LLC acquired a new stake in shares of Palo Alto Networks in the 2nd quarter valued at about $28,000. Principia Wealth Advisory LLC grew its stake in shares of Palo Alto Networks by 125.0% in the 2nd quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock valued at $28,000 after buying an additional 45 shares during the period. Finally, EMC Capital Management bought a new stake in Palo Alto Networks in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock opened at $335.10 on Thursday. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $398.88. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average price of $349.79 and a 200-day moving average price of $259.23. The company has a market cap of $273.11 billion, a PE ratio of 657.07, a price-to-earnings-growth ratio of 9.73 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%.The company had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. Palo Alto Networks’s quarterly revenue was up 34.5% on a year-over-year basis. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. Equities analysts anticipate that Palo Alto Networks, Inc. will post 2.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PANW has been the topic of a number of research reports. HSBC dropped their price target on Palo Alto Networks from $201.00 to $190.00 in a research note on Thursday, September 3rd. Wolfe Research restated an “outperform” rating and set a $320.00 price objective on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Mizuho set a $415.00 target price on Palo Alto Networks and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Truist Financial set a $400.00 target price on Palo Alto Networks in a report on Wednesday, September 2nd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $415.00 price target (up from $335.00) on shares of Palo Alto Networks in a research report on Thursday, August 20th. Thirty-nine analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $386.32.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director Helle Thorning-Schmidt sold 700 shares of Palo Alto Networks stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $346.85, for a total transaction of $242,795.00. Following the transaction, the director directly owned 5,898 shares of the company’s stock, valued at $2,045,721.30. The trade was a 10.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John P. Key sold 7,500 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the completion of the sale, the director owned 12,500 shares of the company’s stock, valued at approximately $3,490,500. The trade was a 37.50% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 37,703 shares of company stock worth $10,900,823. 1.40% of the stock is currently owned by insiders.

About Palo Alto Networks

Palo Alto Networks, Inc is a cybersecurity company that provides security products and services to businesses, governments and other organizations worldwide. The company helps customers protect networks, cloud environments, endpoints, applications and connected devices from cyber threats.

Its portfolio includes next-generation firewalls and network security technologies, as well as cloud-delivered security solutions such as Prisma Access and Prisma Cloud. Palo Alto Networks also offers Cortex products for endpoint protection, security operations, threat detection and response, and automation.