Leo Wealth LLC Purchases 2,200 Shares of Palo Alto Networks, Inc. $PANW

Leo Wealth LLC bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,200 shares of the network technology company’s stock, valued at approximately $874,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Solstein Capital LLC acquired a new stake in shares of Palo Alto Networks in the 2nd quarter worth about $26,000. N.E.W. Advisory Services LLC bought a new position in Palo Alto Networks in the 2nd quarter valued at about $27,000. Delos Wealth Advisors LLC bought a new position in Palo Alto Networks in the 2nd quarter valued at about $28,000. Principia Wealth Advisory LLC boosted its stake in Palo Alto Networks by 125.0% during the 2nd quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock valued at $28,000 after purchasing an additional 45 shares during the last quarter. Finally, Private Wealth Management Group LLC boosted its stake in Palo Alto Networks by 148.1% during the 1st quarter. Private Wealth Management Group LLC now owns 201 shares of the network technology company’s stock valued at $32,000 after purchasing an additional 120 shares during the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Stock Up 2.6%

PANW stock opened at $390.46 on Tuesday. The stock has a fifty day moving average of $370.35 and a 200-day moving average of $264.97. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $432.33. The company has a market capitalization of $319.40 billion, a price-to-earnings ratio of 765.62, a PEG ratio of 10.95 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period in the previous year, the business earned $0.95 EPS. Palo Alto Networks’s revenue was up 34.5% compared to the same quarter last year. 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. As a group, equities research analysts predict that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Insider Transactions at Palo Alto Networks

In related news, Director John P. Key sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $376.03, for a total value of $940,075.00. Following the sale, the director directly owned 10,000 shares of the company’s stock, valued at $3,760,300. This trade represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dipak Golechha sold 27,500 shares of Palo Alto Networks stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the sale, the executive vice president directly owned 117,750 shares of the company’s stock, valued at $46,110,900. This represents a 18.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 54,210 shares of company stock worth $20,823,029. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PANW has been the subject of several analyst reports. Mizuho set a $415.00 price objective on Palo Alto Networks and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $430.00 target price (up from $350.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. JPMorgan Chase & Co. lifted their target price on Palo Alto Networks from $326.00 to $384.00 and gave the company an “overweight” rating in a research report on Tuesday, August 25th. Tigress Financial increased their price target on Palo Alto Networks from $245.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Finally, Susquehanna increased their price target on Palo Alto Networks from $350.00 to $415.00 and gave the company a “positive” rating in a research report on Wednesday, September 2nd. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $398.55.

Palo Alto Networks Profile

Palo Alto Networks, Inc (NASDAQ:PANW) is a global cybersecurity company that helps organizations protect networks, cloud environments, endpoints, and digital infrastructure. Its offerings are designed to prevent cyberattacks, identify security risks, monitor activity, and support incident response across enterprise, government, and service-provider environments.

The company’s portfolio includes network security products such as next-generation firewalls and security operations tools; Prisma, its cloud security platform; and Cortex, a suite focused on endpoint protection, threat detection, security analytics, and automated response.