Sax Wealth Advisors LLC Grows Stock Position in Palo Alto Networks, Inc. $PANW

Sax Wealth Advisors LLC boosted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 129.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,112 shares of the network technology company’s stock after buying an additional 4,006 shares during the period. Sax Wealth Advisors LLC’s holdings in Palo Alto Networks were worth $1,455,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PANW. HWG Holdings LP purchased a new stake in Palo Alto Networks during the 1st quarter valued at $31,000. Dagco Inc. bought a new position in Palo Alto Networks in the 1st quarter valued at $33,000. WPG Advisers LLC bought a new position in Palo Alto Networks in the 1st quarter valued at $37,000. Strategic Investment Solutions Inc. IL grew its position in Palo Alto Networks by 58.9% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock valued at $38,000 after acquiring an additional 83 shares during the last quarter. Finally, Stonebridge Financial Group LLC grew its position in Palo Alto Networks by 46.8% in the 1st quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company’s stock valued at $40,000 after acquiring an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Trading Down 0.7%

PANW opened at $211.04 on Wednesday. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $214.02. The business’s fifty day simple moving average is $190.70 and its 200-day simple moving average is $188.60. The company has a market capitalization of $141.16 billion, a price-to-earnings ratio of 131.49, a PEG ratio of 5.06 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the company earned $0.75 EPS. The business’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. On average, equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Wall Street Analyst Weigh In

PANW has been the topic of several research analyst reports. Stephens reaffirmed an “equal weight” rating and issued a $205.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. UBS Group set a $245.00 price objective on Palo Alto Networks in a research report on Friday, September 26th. KeyCorp downgraded Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 31st. Rosenblatt Securities cut their price objective on Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, August 14th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Palo Alto Networks in a research report on Saturday, September 27th. Twenty-eight research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.95.

Insider Activity

In related news, CAO Josh D. Paul sold 700 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $202.16, for a total transaction of $141,512.00. Following the completion of the sale, the chief accounting officer directly owned 32,474 shares in the company, valued at $6,564,943.84. This represents a 2.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Nikesh Arora sold 846,408 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total value of $172,718,016.48. Following the sale, the chief executive officer owned 275,013 shares of the company’s stock, valued at $56,119,152.78. This trade represents a 75.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,315,130 shares of company stock worth $260,687,367 over the last ninety days. 2.50% of the stock is currently owned by corporate insiders.

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.