Johnson & White Wealth Management LLC Makes New Investment in Palo Alto Networks, Inc. $PANW

Johnson & White Wealth Management LLC purchased a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, HoldingsChannel.com reports. The fund purchased 1,078 shares of the network technology company’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PANW. Brighton Jones LLC increased its position in Palo Alto Networks by 147.7% in 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 during the period. Bison Wealth LLC grew its holdings in Palo Alto Networks by 169.1% in the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after purchasing an additional 3,275 shares during the period. Versant Capital Management Inc grew its holdings in Palo Alto Networks by 109.1% in the first quarter. Versant Capital Management Inc now owns 1,355 shares of the network technology company’s stock worth $231,000 after purchasing an additional 707 shares during the period. AdvisorNet Financial Inc lifted its stake in shares of Palo Alto Networks by 45.5% in the first quarter. AdvisorNet Financial Inc now owns 1,353 shares of the network technology company’s stock valued at $231,000 after buying an additional 423 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Palo Alto Networks by 18,802.8% in the first quarter. GAMMA Investing LLC now owns 2,410,290 shares of the network technology company’s stock valued at $411,292,000 after buying an additional 2,397,539 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Up 0.1%

Shares of NASDAQ:PANW opened at $202.37 on Friday. The firm’s 50 day moving average price is $189.58 and its 200-day moving average price is $187.40. The stock has a market capitalization of $135.37 billion, a PE ratio of 126.09, a price-to-earnings-growth ratio of 4.82 and a beta of 0.98. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $210.39.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the firm posted $0.75 EPS. The firm’s quarterly revenue 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. Analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PANW shares. Guggenheim raised their price target on shares of Palo Alto Networks from $130.00 to $135.00 and gave the company a “sell” rating in a research report on Tuesday, August 19th. DA Davidson reiterated a “buy” rating and issued a $215.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. KeyCorp cut shares of Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 31st. Jefferies Financial Group set a $235.00 target price on shares of Palo Alto Networks in a research report on Tuesday, July 29th. Finally, UBS Group set a $245.00 price objective on shares of Palo Alto Networks in a report on Friday. Thirty investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.64.

Insider Buying and Selling

In other news, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction on Friday, August 1st. The stock was sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the sale, the executive vice president directly owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total value of $23,081,119.14. Following the completion of the sale, the executive vice president owned 177,954 shares of the company’s stock, valued at $34,008,788.94. The trade was a 40.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,415,030 shares of company stock valued at $279,198,494 over the last 90 days. 2.50% of the stock is currently owned by insiders.

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.