Cornerstone Wealth Group LLC Purchases 294 Shares of Palo Alto Networks, Inc. $PANW

Cornerstone Wealth Group LLC lifted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,416 shares of the network technology company’s stock after acquiring an additional 294 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Palo Alto Networks were worth $5,610,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Palo Alto Networks by 2.5% in the first quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company’s stock valued at $10,712,019,000 after acquiring an additional 1,541,637 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Palo Alto Networks by 41.9% in the first quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company’s stock valued at $1,234,650,000 after acquiring an additional 2,134,735 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Palo Alto Networks by 16.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,902,048 shares of the network technology company’s stock valued at $1,177,765,000 after acquiring an additional 950,765 shares in the last quarter. Nuveen LLC bought a new stake in shares of Palo Alto Networks in the first quarter valued at about $810,047,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Palo Alto Networks by 5.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,422,037 shares of the network technology company’s stock valued at $754,576,000 after acquiring an additional 219,111 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Westpark Capital restated a “hold” rating on shares of Palo Alto Networks in a report on Tuesday, August 19th. Sanford C. Bernstein set a $207.00 target price on Palo Alto Networks and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Guggenheim lifted their target price on Palo Alto Networks from $130.00 to $135.00 and gave the company a “sell” rating in a research note on Tuesday, August 19th. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 target price on shares of Palo Alto Networks in a research note on Wednesday, September 3rd. Finally, Barclays reiterated an “overweight” rating and issued a $215.00 target price (up previously from $210.00) on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Twenty-nine equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $216.00.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Nir Zuk sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $172.80, for a total value of $17,280,000.00. Following the sale, the executive vice president owned 3,143,516 shares in the company, valued at $543,199,564.80. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $211.92, for a total value of $25,594,426.08. Following the completion of the sale, the executive vice president owned 149,190 shares in the company, valued at approximately $31,616,344.80. This represents a 44.74% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,315,130 shares of company stock valued at $260,687,367. Insiders own 2.50% of the company’s stock.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $213.28 on Tuesday. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $217.94. The firm has a market capitalization of $142.66 billion, a price-to-earnings ratio of 132.88, a PEG ratio of 4.96 and a beta of 0.98. The stock’s 50-day simple moving average is $193.79 and its 200-day simple moving average is $189.56.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share 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 business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. 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. As a group, equities analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

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.