Principle Wealth Partners LLC Takes Position in Palo Alto Networks, Inc. $PANW

Principle Wealth Partners LLC acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 27,047 shares of the network technology company’s stock, valued at approximately $9,224,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PANW. Brighton Jones LLC raised its stake in Palo Alto Networks by 147.7% during the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after acquiring an additional 4,031 shares in the last quarter. Bison Wealth LLC boosted its position in Palo Alto Networks by 169.1% during the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after acquiring an additional 3,275 shares during the period. Sivia Capital Partners LLC grew its stake in shares of Palo Alto Networks by 66.3% in the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock worth $713,000 after purchasing an additional 1,389 shares in the last quarter. Osterweis Capital Management Inc. increased its holdings in shares of Palo Alto Networks by 11,100.0% during the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company’s stock valued at $115,000 after purchasing an additional 555 shares during the period. Finally, Main Street Financial Solutions LLC increased its holdings in shares of Palo Alto Networks by 6.0% during the second quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company’s stock valued at $900,000 after purchasing an additional 249 shares during the period. 79.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PANW has been the subject of several research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $330.00 price objective on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Robert W. Baird set a $320.00 target price on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Needham & Company LLC boosted their price target on shares of Palo Alto Networks from $350.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. BMO Capital Markets upped their price target on shares of Palo Alto Networks from $270.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Finally, Evercore reiterated an “outperform” rating and issued a $415.00 price objective on shares of Palo Alto Networks in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $342.61.

Insider Buying and Selling

In related news, Director James J. Goetz sold 20,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the completion of the sale, the director directly owned 20,000 shares of the company’s stock, valued at $5,598,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $2,094,300.00. Following the sale, the director owned 12,500 shares of the company’s stock, valued at $3,490,500. The trade was a 37.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 101,239 shares of company stock worth $27,174,360. 1.40% of the stock is owned by insiders.

Palo Alto Networks Trading Down 2.2%

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

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the company earned $0.37 earnings per share. Palo Alto Networks’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. On average, sell-side analysts expect that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal 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.