Three Bridge Wealth Advisors LLC Has $2.06 Million Stake in Palo Alto Networks, Inc. $PANW

Three Bridge Wealth Advisors LLC grew its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 13.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,044 shares of the network technology company’s stock after buying an additional 1,186 shares during the period. Three Bridge Wealth Advisors LLC’s holdings in Palo Alto Networks were worth $2,055,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Nuveen LLC acquired a new position in shares of Palo Alto Networks in the first quarter valued at $810,047,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of Palo Alto Networks during the 2nd quarter worth about $633,068,000. Goldman Sachs Group Inc. boosted its holdings in shares of Palo Alto Networks by 41.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company’s stock worth $1,234,650,000 after buying an additional 2,134,735 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Palo Alto Networks by 77.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company’s stock worth $662,000,000 after buying an additional 1,688,432 shares during the period. Finally, Vanguard Group Inc. lifted its position in Palo Alto Networks by 2.5% during the first quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company’s stock worth $10,712,019,000 after acquiring an additional 1,541,637 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Performance

Shares of NASDAQ:PANW opened at $207.19 on Friday. The company has a fifty day moving average of $190.20 and a 200-day moving average of $188.21. The company has a market capitalization of $138.59 billion, a PE ratio of 129.09, a price-to-earnings-growth ratio of 4.93 and a beta of 0.98. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $212.10.

Palo Alto Networks (NASDAQ:PANW) last issued 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. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.Palo Alto Networks’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company 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, equities analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total value of $1,020,950.00. Following the completion of the transaction, the executive vice president directly owned 96,135 shares in the company, valued at approximately $19,629,805.65. This represents a 4.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Nir Zuk sold 100,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 3,143,516 shares of the company’s stock, valued at approximately $543,199,564.80. This trade represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,315,130 shares of company stock worth $259,351,606 over the last quarter. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PANW has been the subject of several research reports. UBS Group set a $245.00 price objective on shares of Palo Alto Networks in a research report on Friday, September 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $232.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Tigress Financial started coverage on Palo Alto Networks in a report on Friday, September 26th. They issued a “buy” rating and a $245.00 price objective on the stock. New Street Research boosted their target price on shares of Palo Alto Networks from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, Truist Financial set a $220.00 target price on shares of Palo Alto Networks and gave the company a “buy” rating in a research report on Tuesday, August 19th. Thirty 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’s stock. According to MarketBeat.com, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and an average target price of $214.64.

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.