InTrack Investment Management Inc Purchases 3,343 Shares of Palo Alto Networks, Inc. $PANW

InTrack Investment Management Inc grew its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 13.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,646 shares of the network technology company’s stock after purchasing an additional 3,343 shares during the period. Palo Alto Networks makes up approximately 3.9% of InTrack Investment Management Inc’s holdings, making the stock its 2nd largest holding. InTrack Investment Management Inc’s holdings in Palo Alto Networks were worth $5,862,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of PANW. HWG Holdings LP acquired a new position in Palo Alto Networks during the 1st quarter worth approximately $31,000. Dagco Inc. acquired a new position in Palo Alto Networks during the 1st quarter worth approximately $33,000. WPG Advisers LLC acquired a new position in Palo Alto Networks during the 1st quarter worth approximately $37,000. Strategic Investment Solutions Inc. IL lifted its position in Palo Alto Networks by 58.9% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock worth $38,000 after acquiring an additional 83 shares in the last quarter. Finally, Stonebridge Financial Group LLC lifted its position in Palo Alto Networks by 46.8% during the 1st quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company’s stock worth $40,000 after acquiring an additional 74 shares in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Josh D. Paul sold 700 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $202.16, for a total value of $141,512.00. Following the completion of the transaction, the chief accounting officer owned 32,474 shares of the company’s stock, valued at approximately $6,564,943.84. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Nir Zuk sold 100,000 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $172.80, for a total value of $17,280,000.00. Following the completion of the transaction, the executive vice president directly owned 3,143,516 shares of the company’s stock, valued at approximately $543,199,564.80. The trade was a 3.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,315,130 shares of company stock worth $260,687,367 over the last 90 days. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. New Street Research boosted their price target on Palo Alto Networks from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. UBS Group set a $245.00 price target on Palo Alto Networks in a report on Friday, September 26th. Westpark Capital reiterated a “hold” rating on shares of Palo Alto Networks in a report on Tuesday, August 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Palo Alto Networks in a report on Wednesday. Finally, BMO Capital Markets boosted their price target on Palo Alto Networks from $217.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, August 19th. Twenty-eight research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $214.95.

Palo Alto Networks Price Performance

Shares of PANW opened at $217.79 on Thursday. The company has a market cap of $145.68 billion, a P/E ratio of 135.69, a PEG ratio of 5.02 and a beta of 0.98. The stock has a fifty day moving average price of $191.40 and a 200 day moving average price of $188.81. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $217.94.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The firm’s revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the business 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, research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share 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.