Perigon Wealth Management LLC Acquires New Holdings in Palo Alto Networks, Inc. $PANW

Perigon Wealth Management LLC bought a new stake 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 SEC. The firm bought 20,065 shares of the network technology company’s stock, valued at approximately $6,843,000.

A number of other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in Palo Alto Networks during the fourth quarter worth approximately $1,415,364,000. Bank of New York Mellon Corp acquired a new stake in shares of Palo Alto Networks in the second quarter valued at $1,569,755,000. Bank of America Corp DE boosted its stake in Palo Alto Networks by 16.0% during the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock valued at $3,603,473,000 after buying an additional 3,101,267 shares in the last quarter. Vanguard Group Inc. grew its holdings in Palo Alto Networks by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock worth $12,512,533,000 after acquiring an additional 2,659,100 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in Palo Alto Networks by 1,665.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,761,909 shares of the network technology company’s stock worth $442,788,000 after acquiring an additional 2,605,433 shares in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PANW has been the subject of several research reports. Citigroup restated a “market outperform” rating on shares of Palo Alto Networks in a research report on Wednesday, August 12th. Susquehanna reissued a “positive” rating and set a $350.00 price objective (up from $200.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on Palo Alto Networks from $220.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Weiss Ratings cut Palo Alto Networks from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $475.00 target price (up from $420.00) on shares of Palo Alto Networks in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Palo Alto Networks currently has an average rating of “Moderate Buy” and an average price target of $342.61.

Insider Activity at Palo Alto Networks

In related news, Director John P. Key sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the transaction, the director directly owned 12,500 shares of the company’s stock, valued at approximately $3,490,500. This trade represents a 37.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lee Klarich sold 62,904 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $258.65, for a total value of $16,270,119.60. Following the sale, the executive vice president directly owned 235,983 shares of the company’s stock, valued at $61,037,002.95. The trade was a 21.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 101,239 shares of company stock valued at $27,174,360. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Down 2.2%

PANW opened at $375.76 on Tuesday. The company has a market capitalization of $306.24 billion, a PE ratio of 308.00, a price-to-earnings-growth ratio of 12.89 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $398.88. The business has a 50-day moving average of $330.20 and a 200-day moving average of $237.05.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the company earned $0.37 earnings per share. The company’s revenue was up 31.1% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. Equities research analysts forecast that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

About Palo Alto Networks

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.