Daymark Wealth Partners LLC Has $1.46 Million Stock Position in Palo Alto Networks, Inc. $PANW

Daymark Wealth Partners LLC lifted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 65.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,183 shares of the network technology company’s stock after purchasing an additional 2,841 shares during the period. Daymark Wealth Partners LLC’s holdings in Palo Alto Networks were worth $1,463,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of PANW. Darwin Wealth Management LLC bought a new stake in shares of Palo Alto Networks in the 2nd quarter valued at about $25,000. Whipplewood Advisors LLC lifted its stake in shares of Palo Alto Networks by 6,400.0% in the second quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company’s stock worth $27,000 after acquiring an additional 128 shares during the period. Briaud Financial Planning Inc bought a new stake in Palo Alto Networks in the second quarter valued at approximately $28,000. Howard Hughes Medical Institute acquired a new stake in Palo Alto Networks during the 2nd quarter valued at approximately $29,000. Finally, MTM Investment Management LLC bought a new position in Palo Alto Networks during the 2nd quarter worth approximately $31,000. Institutional investors own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PANW shares. Piper Sandler reaffirmed an “overweight” rating and issued a $265.00 price objective (up from $230.00) on shares of Palo Alto Networks in a research note on Monday. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Palo Alto Networks in a research report on Monday, November 24th. Westpark Capital reissued a “hold” rating on shares of Palo Alto Networks in a research report on Thursday, November 20th. Evercore ISI boosted their price objective on Palo Alto Networks from $220.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, November 13th. Finally, Barclays upped their target price on Palo Alto Networks from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Thirty-one analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $227.06.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $188.18, for a total transaction of $940,900.00. Following the completion of the sale, the executive vice president directly owned 155,119 shares of the company’s stock, valued at approximately $29,190,293.42. The trade was a 3.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James J. Goetz sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $195.33, for a total value of $2,441,625.00. Following the completion of the transaction, the director owned 75,184 shares in the company, valued at $14,685,690.72. This represents a 14.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 260,448 shares of company stock worth $53,168,301. 1.40% of the stock is currently owned by insiders.

Palo Alto Networks Stock Up 1.5%

NASDAQ PANW opened at $182.12 on Tuesday. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $223.61. The business has a 50 day moving average price of $196.19 and a 200-day moving average price of $196.40. The company has a market cap of $126.94 billion, a price-to-earnings ratio of 115.27, a P/E/G ratio of 4.28 and a beta of 0.76.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Thursday, November 20th. The network technology company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Palo Alto Networks had a return on equity of 17.05% and a net margin of 11.69%.The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period last year, the business earned $1.56 EPS. Palo Alto Networks’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Palo Alto Networks Profile

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.