Palo Alto Networks, Inc. $PANW Shares Purchased by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC grew its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 52.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,196 shares of the network technology company’s stock after acquiring an additional 2,125 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Palo Alto Networks were worth $2,462,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Solstein Capital LLC acquired a new position in Palo Alto Networks during the second quarter worth about $26,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Palo Alto Networks during the 2nd quarter worth approximately $27,000. Delos Wealth Advisors LLC acquired a new stake in shares of Palo Alto Networks during the 2nd quarter worth approximately $28,000. Principia Wealth Advisory LLC raised its position in shares of Palo Alto Networks by 125.0% during the 2nd quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock valued at $28,000 after buying an additional 45 shares during the period. Finally, Curry Webb Wealth Management LLC purchased a new stake in shares of Palo Alto Networks during the 3rd quarter valued at approximately $36,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PANW shares. Rosenblatt Securities increased their price objective on Palo Alto Networks from $355.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Oppenheimer restated an “outperform” rating and issued a $450.00 target price (up from $400.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Loop Capital upped their price target on Palo Alto Networks from $290.00 to $350.00 and gave the company a “hold” rating in a research note on Friday, August 21st. BTIG Research increased their price target on Palo Alto Networks from $404.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, September 28th. Finally, JPMorgan Chase & Co. increased their price target on Palo Alto Networks from $326.00 to $384.00 and gave the stock an “overweight” rating in a report on Tuesday, August 25th. Thirty-nine analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $398.55.

Palo Alto Networks Price Performance

PANW opened at $365.87 on Friday. The stock’s 50-day moving average price is $372.15 and its 200 day moving average price is $269.89. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $432.33. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. The firm has a market cap of $299.56 billion, a price-to-earnings ratio of 717.41, a PEG ratio of 10.92 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. The company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. Palo Alto Networks’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same period last year, the business posted $0.95 EPS. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. As a group, sell-side analysts expect that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current year.

Insiders Place Their Bets

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total transaction of $7,533,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Key sold 2,500 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $376.03, for a total transaction of $940,075.00. Following the sale, the director owned 10,000 shares in the company, valued at approximately $3,760,300. This trade represents a 20.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 54,210 shares of company stock valued at $20,823,029. 1.40% of the stock is owned by company insiders.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc (NASDAQ:PANW) is a global cybersecurity company that helps organizations protect networks, cloud environments, endpoints, and digital infrastructure. Its offerings are designed to prevent cyberattacks, identify security risks, monitor activity, and support incident response across enterprise, government, and service-provider environments.

The company’s portfolio includes network security products such as next-generation firewalls and security operations tools; Prisma, its cloud security platform; and Cortex, a suite focused on endpoint protection, threat detection, security analytics, and automated response.