Allworth Financial LP Increases Stake in Palo Alto Networks, Inc. $PANW

Allworth Financial LP boosted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 81.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,807 shares of the network technology company’s stock after purchasing an additional 7,091 shares during the period. Allworth Financial LP’s holdings in Palo Alto Networks were worth $3,235,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in PANW. Whipplewood Advisors LLC lifted its position in shares of Palo Alto Networks by 6,400.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company’s stock worth $27,000 after purchasing an additional 128 shares during the period. Briaud Financial Planning Inc bought a new position in Palo Alto Networks during the 2nd quarter valued at approximately $28,000. Dagco Inc. purchased a new position in shares of Palo Alto Networks in the 1st quarter worth about $33,000. WPG Advisers LLC bought a new position in shares of Palo Alto Networks in the first quarter worth approximately $37,000. Finally, Strategic Investment Solutions Inc. IL boosted its stake 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. Institutional investors own 79.82% of the company’s stock.

Analysts Set New Price Targets

PANW has been the subject of a number of research reports. BMO Capital Markets boosted their target price on shares of Palo Alto Networks from $217.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Stephens restated an “equal weight” rating and set a $205.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Barclays increased their price objective on shares of Palo Alto Networks from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Monday. Piper Sandler raised Palo Alto Networks from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $200.00 to $225.00 in a report on Tuesday, August 12th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $250.00 price objective (up from $235.00) on shares of Palo Alto Networks in a research note on Tuesday. Thirty research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.50.

Insider Transactions at Palo Alto Networks

In related news, CAO Josh D. Paul sold 700 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $219.97, for a total transaction of $153,979.00. Following the completion of the sale, the chief accounting officer directly owned 47,505 shares in the company, valued at approximately $10,449,674.85. The trade was a 1.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $217.94, for a total transaction of $26,321,485.56. Following the completion of the sale, the executive vice president owned 356,409 shares of the company’s stock, valued at approximately $77,675,777.46. The trade was a 25.31% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,215,830 shares of company stock valued at $249,160,428. 2.50% of the stock is currently owned by corporate insiders.

Palo Alto Networks Stock Down 3.8%

PANW stock opened at $210.04 on Thursday. The firm has a 50 day moving average of $208.61 and a 200 day moving average of $196.84. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $223.61. The stock has a market capitalization of $143.66 billion, a PE ratio of 130.87, a price-to-earnings-growth ratio of 5.19 and a beta of 0.95.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) 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 last year, the firm posted $0.75 EPS. Palo Alto Networks’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. On average, equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Palo Alto Networks Company 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.