Acorn Financial Advisory Services Inc. ADV Has $1.22 Million Stake in Palo Alto Networks, Inc. $PANW

Acorn Financial Advisory Services Inc. ADV trimmed its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,968 shares of the network technology company’s stock after selling 210 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in Palo Alto Networks were worth $1,221,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. St. Clair Advisors LLC lifted its position in shares of Palo Alto Networks by 0.3% in the second quarter. St. Clair Advisors LLC now owns 15,800 shares of the network technology company’s stock valued at $3,233,000 after buying an additional 50 shares during the last quarter. Astoria Portfolio Advisors LLC. lifted its holdings in Palo Alto Networks by 2.1% during the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 2,467 shares of the network technology company’s stock worth $496,000 after purchasing an additional 50 shares during the last quarter. Csenge Advisory Group lifted its holdings in Palo Alto Networks by 2.4% during the 1st quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company’s stock worth $381,000 after purchasing an additional 53 shares during the last quarter. TFG Advisers LLC lifted its holdings in Palo Alto Networks by 1.1% during the 2nd quarter. TFG Advisers LLC now owns 4,668 shares of the network technology company’s stock worth $955,000 after purchasing an additional 53 shares during the last quarter. Finally, GSG Advisors LLC lifted its holdings in Palo Alto Networks by 0.4% during the 1st quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company’s stock worth $2,154,000 after purchasing an additional 54 shares during the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Nikesh Arora sold 846,408 shares of Palo Alto Networks stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total value of $172,718,016.48. Following the transaction, the chief executive officer owned 275,013 shares in the company, valued at approximately $56,119,152.78. This trade represents a 75.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total value of $1,020,950.00. Following the completion of the transaction, the executive vice president owned 96,135 shares in the company, valued at approximately $19,629,805.65. The trade was a 4.94% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,315,130 shares of company stock worth $260,687,367. 2.50% of the stock is owned by company insiders.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $213.28 on Tuesday. The stock’s fifty day moving average price is $193.79 and its two-hundred day moving average price is $189.56. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $217.94. The firm has a market cap of $142.66 billion, a PE ratio of 132.88, a price-to-earnings-growth ratio of 4.96 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the company earned $0.75 EPS. The company’s revenue was up 15.8% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PANW. New Street Research lifted their price target on Palo Alto Networks from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Tigress Financial began coverage on Palo Alto Networks in a report on Friday, September 26th. They set a “buy” rating and a $245.00 price target for the company. Scotiabank lifted their price target on Palo Alto Networks from $225.00 to $228.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 19th. DA Davidson reissued a “buy” rating and set a $215.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $230.00 price target on shares of Palo Alto Networks in a report on Wednesday, September 3rd. Twenty-nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $216.00.

Palo Alto Networks 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.