Accurate Wealth Management LLC Has $604,000 Position in Palo Alto Networks, Inc. $PANW

Accurate Wealth Management LLC grew its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 12.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,141 shares of the network technology company’s stock after buying an additional 344 shares during the period. Accurate Wealth Management LLC’s holdings in Palo Alto Networks were worth $604,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Palo Alto Networks by 2.5% in the first quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company’s stock worth $10,712,019,000 after purchasing an additional 1,541,637 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Palo Alto Networks by 41.9% in the first quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company’s stock worth $1,234,650,000 after purchasing an additional 2,134,735 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Palo Alto Networks by 16.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,902,048 shares of the network technology company’s stock worth $1,177,765,000 after purchasing an additional 950,765 shares in the last quarter. Nuveen LLC acquired a new position in Palo Alto Networks in the first quarter worth about $810,047,000. Finally, Charles Schwab Investment Management Inc. raised its position in Palo Alto Networks by 5.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,422,037 shares of the network technology company’s stock worth $754,576,000 after purchasing an additional 219,111 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 846,408 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total value of $172,718,016.48. Following the transaction, the chief executive officer directly owned 275,013 shares of the company’s stock, valued at approximately $56,119,152.78. This trade represents a 75.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 96,135 shares in the company, valued at approximately $19,629,805.65. The trade was a 4.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,415,030 shares of company stock valued at $279,198,494. 2.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PANW shares. Jefferies Financial Group set a $235.00 price target on shares of Palo Alto Networks in a research report on Tuesday, July 29th. BMO Capital Markets upped their price objective on shares of Palo Alto Networks from $217.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Bank of America raised shares of Palo Alto Networks from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a research note on Tuesday, August 19th. Stephens reaffirmed an “equal weight” rating and set a $205.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Truist Financial set a $220.00 price objective on shares of Palo Alto Networks and gave the stock a “buy” rating in a research note on Tuesday, August 19th. Twenty-nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Palo Alto Networks has an average rating of “Moderate Buy” and an average price target of $212.39.

Palo Alto Networks Price Performance

PANW opened at $200.70 on Thursday. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $210.39. The company’s 50 day simple moving average is $189.33 and its 200-day simple moving average is $186.99. The stock has a market capitalization of $134.25 billion, a P/E ratio of 125.05, a price-to-earnings-growth ratio of 4.84 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating 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 business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. Palo Alto Networks’s 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. As a group, analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Palo Alto Networks Profile

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.