Barrett & Company Inc. Grows Stock Holdings in Palo Alto Networks, Inc. $PANW

Barrett & Company Inc. grew its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 64.2% during the second quarter, HoldingsChannel reports. The firm owned 1,842 shares of the network technology company’s stock after acquiring an additional 720 shares during the period. Barrett & Company Inc.’s holdings in Palo Alto Networks were worth $377,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of PANW. Brighton Jones LLC lifted its stake 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 worth $1,230,000 after purchasing an additional 4,031 shares in the last quarter. Bison Wealth LLC increased its holdings in shares of 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 buying an additional 3,275 shares during the last quarter. Portside Wealth Group LLC increased its holdings in shares of Palo Alto Networks by 98.6% during the 1st quarter. Portside Wealth Group LLC now owns 1,666 shares of the network technology company’s stock worth $303,000 after buying an additional 827 shares during the last quarter. Beacon Financial Group increased its holdings in shares of Palo Alto Networks by 4.5% during the 1st quarter. Beacon Financial Group now owns 1,782 shares of the network technology company’s stock worth $304,000 after buying an additional 76 shares during the last quarter. Finally, Lmcg Investments LLC increased its holdings in shares of Palo Alto Networks by 3.8% during the 1st quarter. Lmcg Investments LLC now owns 9,378 shares of the network technology company’s stock worth $1,600,000 after buying an additional 344 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PANW. UBS Group set a $245.00 price target on shares of Palo Alto Networks in a report on Friday, September 26th. Guggenheim raised their price target on shares of Palo Alto Networks from $130.00 to $135.00 and gave the stock a “sell” rating in a report on Tuesday, August 19th. Scotiabank raised their price target on shares of Palo Alto Networks from $225.00 to $228.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 19th. Royal Bank Of Canada restated an “outperform” rating and set a $232.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, BMO Capital Markets raised their price target on shares of Palo Alto Networks from $217.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Thirty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $214.64.

Insiders Place Their Bets

In other news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total transaction of $141,512.00. Following the completion of the sale, the chief accounting officer directly owned 32,474 shares of the company’s stock, valued at approximately $6,564,943.84. The trade was a 2.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the executive vice president directly owned 3,143,516 shares of the company’s stock, valued at approximately $543,199,564.80. This trade represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,315,130 shares of company stock valued at $259,351,606. Corporate insiders own 2.50% of the company’s stock.

Palo Alto Networks Stock Down 1.0%

NASDAQ:PANW opened at $207.19 on Friday. The company has a fifty day simple moving average of $190.20 and a two-hundred day simple moving average of $188.20. The company has a market cap of $138.59 billion, a price-to-earnings ratio of 129.09, a price-to-earnings-growth ratio of 4.98 and a beta of 0.98. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $212.10.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 earnings per share. 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, analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

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.