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

Johnson & White Wealth Management LLC purchased a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,078 shares of the network technology company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen LLC acquired a new position in Palo Alto Networks during the first quarter worth $810,047,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Palo Alto Networks in the 2nd quarter valued at $633,068,000. GAMMA Investing LLC increased its holdings in Palo Alto Networks by 18,802.8% during the 1st quarter. GAMMA Investing LLC now owns 2,410,290 shares of the network technology company’s stock worth $411,292,000 after purchasing an additional 2,397,539 shares during the period. Goldman Sachs Group Inc. increased its holdings in Palo Alto Networks by 41.9% during the 1st 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 during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Palo Alto Networks by 77.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company’s stock worth $662,000,000 after purchasing an additional 1,688,432 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PANW. Barclays reiterated an “overweight” rating and issued a $215.00 price objective (up previously from $210.00) on shares of Palo Alto Networks in a report on Tuesday, August 19th. DA Davidson reissued a “buy” rating and set a $215.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Tigress Financial assumed coverage on Palo Alto Networks in a research note on Friday. They issued a “buy” rating and a $245.00 price objective for the company. Sanford C. Bernstein set a $207.00 price target on Palo Alto Networks and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Finally, Scotiabank raised their price target on Palo Alto Networks from $225.00 to $228.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 19th. Thirty research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $214.64.

Insiders Place Their Bets

In other Palo Alto Networks news, CEO Nikesh Arora sold 846,408 shares of Palo Alto Networks 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 completion of the sale, the chief executive officer 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 position. The transaction was disclosed in a legal filing 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 transaction, the executive vice president directly owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,415,030 shares of company stock valued at $279,198,494 over the last quarter. Company insiders own 2.50% of the company’s stock.

Palo Alto Networks Stock Up 0.1%

Shares of PANW opened at $202.37 on Friday. The stock has a market cap of $135.37 billion, a price-to-earnings ratio of 126.09, a P/E/G ratio of 4.82 and a beta of 0.98. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $210.39. The company has a 50-day moving average price of $189.58 and a two-hundred day moving average price of $187.40.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. Palo Alto Networks’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. Equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Palo Alto Networks Company 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.