NRI Wealth Management LC Purchases Shares of 3,011 Palo Alto Networks, Inc. $PANW

NRI Wealth Management LC acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,011 shares of the network technology company’s stock, valued at approximately $616,000. Palo Alto Networks accounts for 0.4% of NRI Wealth Management LC’s investment portfolio, making the stock its 23rd biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. St. Clair Advisors LLC raised its stake in Palo Alto Networks by 0.3% during the second quarter. St. Clair Advisors LLC now owns 15,800 shares of the network technology company’s stock worth $3,233,000 after buying an additional 50 shares during the last quarter. Csenge Advisory Group boosted its position in Palo Alto Networks by 2.4% during the first quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company’s stock valued at $381,000 after acquiring an additional 53 shares during the last quarter. GSG Advisors LLC grew its holdings in Palo Alto Networks by 0.4% during the 1st quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company’s stock worth $2,154,000 after acquiring an additional 54 shares during the period. SYM FINANCIAL Corp raised its position in shares of Palo Alto Networks by 1.4% in the 1st quarter. SYM FINANCIAL Corp now owns 4,047 shares of the network technology company’s stock worth $691,000 after acquiring an additional 55 shares in the last quarter. Finally, Investment Advisory Services Inc. TX ADV raised its position in shares of Palo Alto Networks by 4.6% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 1,257 shares of the network technology company’s stock worth $257,000 after acquiring an additional 55 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $171.58, for a total transaction of $20,722,402.92. Following the transaction, the executive vice president directly owned 206,718 shares in the company, valued at approximately $35,468,674.44. This trade represents a 36.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was 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 owned 96,135 shares of the company’s stock, valued at approximately $19,629,805.65. The trade was a 4.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,314,430 shares of company stock valued at $259,210,094 over the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

PANW has been the topic of several research analyst reports. Morgan Stanley upped their target price on Palo Alto Networks from $210.00 to $216.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. UBS Group set a $245.00 price target on Palo Alto Networks in a research note on Friday, September 26th. Piper Sandler raised shares of Palo Alto Networks from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $200.00 to $225.00 in a research report on Tuesday, August 12th. Jefferies Financial Group set a $235.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, July 29th. Finally, Scotiabank boosted their target price on shares of Palo Alto Networks from $225.00 to $228.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 19th. Thirty analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $214.64.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $206.80 on Thursday. The company has a 50-day moving average price of $189.95 and a 200-day moving average price of $187.87. The stock has a market capitalization of $138.33 billion, a P/E ratio of 128.85, a P/E/G ratio of 4.85 and a beta of 0.98. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $210.39.

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