IMG Wealth Management Inc. Acquires Shares of 484 Palo Alto Networks, Inc. $PANW

IMG Wealth Management Inc. bought a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 484 shares of the network technology company’s stock, valued at approximately $99,000.

Other large investors have also recently modified their holdings of the company. HWG Holdings LP bought a new position in Palo Alto Networks during the first quarter valued at $31,000. Dagco Inc. bought a new stake in shares of Palo Alto Networks in the 1st quarter worth about $33,000. WPG Advisers LLC bought a new position in Palo Alto Networks during the 1st quarter valued at about $37,000. Strategic Investment Solutions Inc. IL grew its holdings in Palo Alto Networks by 58.9% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock valued at $38,000 after purchasing an additional 83 shares during the last quarter. Finally, Stonebridge Financial Group LLC raised its position in Palo Alto Networks by 46.8% in the 1st quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company’s stock worth $40,000 after purchasing an additional 74 shares during the period. Institutional investors own 79.82% of the company’s stock.

Insider Activity

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $202.16, for a total transaction of $141,512.00. Following the completion of the sale, the chief accounting officer owned 32,474 shares in the company, valued at $6,564,943.84. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction 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 transaction, the executive vice president owned 149,190 shares in the company, valued at $31,616,344.80. This represents a 44.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,315,130 shares of company stock valued at $260,687,367. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PANW shares. Tigress Financial began coverage on Palo Alto Networks in a research note on Friday, September 26th. They set a “buy” rating and a $245.00 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Palo Alto Networks in a report on Wednesday, October 8th. BTIG Research raised Palo Alto Networks from a “neutral” rating to a “buy” rating in a research report on Monday, October 13th. Truist Financial set a $220.00 target price on Palo Alto Networks and gave the stock a “buy” rating in a research report on Tuesday, August 19th. Finally, Jefferies Financial Group set a $235.00 target price on shares of Palo Alto Networks in a research note on Tuesday, July 29th. Thirty analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.60.

Palo Alto Networks Trading Up 1.9%

Shares of Palo Alto Networks stock opened at $211.82 on Tuesday. The stock’s fifty day moving average price is $197.67 and its 200-day moving average price is $191.00. The firm has a market cap of $141.69 billion, a P/E ratio of 131.98, a P/E/G ratio of 4.94 and a beta of 0.98. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $217.94.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data 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 net margin of 12.30% and a return on equity of 17.66%. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. 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.