978 Shares in Palo Alto Networks, Inc. $PANW Bought by Sunburst Financial Group LLC

Sunburst Financial Group LLC acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 978 shares of the network technology company’s stock, valued at approximately $200,000.

A number of other institutional investors also recently bought and sold shares of PANW. Brighton Jones LLC increased its stake in Palo Alto Networks by 147.7% in the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after purchasing an additional 4,031 shares during the period. Bison Wealth LLC lifted its holdings in shares of 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 valued at $948,000 after purchasing an additional 3,275 shares in the last quarter. World Investment Advisors lifted its holdings in shares of Palo Alto Networks by 2.6% in the first quarter. World Investment Advisors now owns 20,214 shares of the network technology company’s stock valued at $3,449,000 after purchasing an additional 511 shares in the last quarter. Capital Advisors Inc. OK lifted its holdings in shares of Palo Alto Networks by 22.8% in the first quarter. Capital Advisors Inc. OK now owns 243,684 shares of the network technology company’s stock valued at $41,582,000 after purchasing an additional 45,210 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Palo Alto Networks by 3.4% in the first quarter. TD Private Client Wealth LLC now owns 2,223 shares of the network technology company’s stock valued at $379,000 after purchasing an additional 74 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on PANW. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Palo Alto Networks in a report on Wednesday, October 8th. Citigroup reaffirmed an “outperform” rating on shares of Palo Alto Networks in a report on Monday, October 27th. Scotiabank upped their price target on shares of Palo Alto Networks from $225.00 to $228.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 19th. Jefferies Financial Group set a $235.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, July 29th. Finally, Morgan Stanley upped their price objective on shares of Palo Alto Networks from $210.00 to $216.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Thirty investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $218.17.

Insider Activity

In related news, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the completion of the sale, the executive vice president directly owned 96,135 shares of the company’s stock, valued at approximately $19,629,805.65. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Nikesh Arora sold 846,408 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the sale, the chief executive officer directly owned 275,013 shares of the company’s stock, valued at approximately $56,119,152.78. The trade was a 75.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,094,356 shares of company stock valued at $222,684,964 in the last 90 days. Company insiders own 2.50% of the company’s stock.

Palo Alto Networks Stock Down 0.5%

NASDAQ:PANW opened at $219.23 on Tuesday. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $223.61. The firm’s 50 day moving average is $205.20 and its two-hundred day moving average is $194.84. The company has a market cap of $146.64 billion, a P/E ratio of 136.59, a P/E/G ratio of 5.24 and a beta of 0.95.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data 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. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Research analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal 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.