NRI Wealth Management LC Purchases New Position in Palo Alto Networks, Inc. $PANW

NRI Wealth Management LC acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,011 shares of the network technology company’s stock, valued at approximately $616,000. Palo Alto Networks comprises about 0.4% of NRI Wealth Management LC’s portfolio, making the stock its 23rd biggest holding.

A number of other institutional investors have also recently bought and sold shares of PANW. SOA Wealth Advisors LLC. raised its holdings in Palo Alto Networks by 2.8% in the second quarter. SOA Wealth Advisors LLC. now owns 17,179 shares of the network technology company’s stock worth $3,516,000 after purchasing an additional 467 shares during the period. Vigilare Wealth Management increased its position in shares of Palo Alto Networks by 163.4% in the 2nd quarter. Vigilare Wealth Management now owns 5,455 shares of the network technology company’s stock valued at $1,116,000 after buying an additional 3,384 shares in the last quarter. First Pacific Financial increased its position in shares of Palo Alto Networks by 52.9% in the 2nd quarter. First Pacific Financial now owns 364 shares of the network technology company’s stock valued at $74,000 after buying an additional 126 shares in the last quarter. QTR Family Wealth LLC acquired a new stake in Palo Alto Networks during the 2nd quarter worth $263,000. Finally, Forbes J M & Co. LLP lifted its holdings in Palo Alto Networks by 0.3% during the second quarter. Forbes J M & Co. LLP now owns 37,301 shares of the network technology company’s stock worth $7,633,000 after acquiring an additional 98 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Truist Financial set a $220.00 price target on Palo Alto Networks and gave the stock a “buy” rating in a report on Tuesday, August 19th. KeyCorp downgraded shares of Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 31st. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price target on shares of Palo Alto Networks in a report on Wednesday, September 3rd. Royal Bank Of Canada reissued an “outperform” rating and set a $232.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Finally, Bank of America raised shares of Palo Alto Networks from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a research report on Tuesday, August 19th. Thirty equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and a consensus target price of $214.64.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $206.80 on Thursday. The business has a 50-day moving average of $189.95 and a 200-day moving average of $187.87. The stock has a market capitalization of $138.33 billion, a price-to-earnings ratio of 128.85, a PEG ratio of 4.85 and a beta of 0.98. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $210.39.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 846,408 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the sale, the chief executive officer directly owned 275,013 shares of the company’s stock, valued at approximately $56,119,152.78. This represents a 75.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the sale, the executive vice president owned 3,143,516 shares of the company’s stock, valued at approximately $543,199,564.80. This represents a 3.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,314,430 shares of company stock valued at $259,210,094 in the last 90 days. Company insiders own 2.50% of the company’s stock.

About Palo Alto Networks

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.