REAP Financial Group LLC lifted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 101.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 317 shares of the network technology company’s stock after acquiring an additional 160 shares during the period. REAP Financial Group LLC’s holdings in Palo Alto Networks were worth $65,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in PANW. St. Clair Advisors LLC grew its holdings in shares of Palo Alto Networks by 0.3% during the 2nd quarter. St. Clair Advisors LLC now owns 15,800 shares of the network technology company’s stock worth $3,233,000 after acquiring an additional 50 shares during the period. Csenge Advisory Group grew its holdings in shares of 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 acquiring an additional 53 shares during the period. TFG Advisers LLC grew its holdings in shares of 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 acquiring an additional 53 shares during the period. GSG Advisors LLC grew its holdings in shares of 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 acquiring an additional 54 shares during the period. Finally, SYM FINANCIAL Corp grew its holdings in shares of Palo Alto Networks by 1.4% during the 1st quarter. SYM FINANCIAL Corp now owns 4,047 shares of the network technology company’s stock worth $691,000 after acquiring an additional 55 shares during the period. Institutional investors own 79.82% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. JMP Securities reiterated a “market outperform” rating and set a $212.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Barclays restated an “overweight” rating and issued a $215.00 price target (up previously from $210.00) on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Sanford C. Bernstein set a $207.00 price target on Palo Alto Networks and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. DA Davidson restated a “buy” rating and issued a $215.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Palo Alto Networks in a research note on Wednesday. Twenty-eight equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $214.95.
Palo Alto Networks Trading Up 3.2%
PANW stock opened at $217.79 on Thursday. The stock has a market capitalization of $145.68 billion, a PE ratio of 135.69, a price-to-earnings-growth ratio of 5.02 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. The stock’s 50 day simple moving average is $191.40 and its 200 day simple moving average is $188.81.
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last released its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion for 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 firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 EPS. 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, research analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.
Insiders Place Their Bets
In related news, CEO Nikesh Arora sold 846,408 shares of the company’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 transaction, the executive vice president directly owned 149,190 shares in the company, valued at $31,616,344.80. This trade represents a 44.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,315,130 shares of company stock worth $260,687,367 in the last three months. Corporate insiders own 2.50% of the company’s stock.
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.
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