Cornerstone Wealth Group LLC Raises Stake in Palo Alto Networks, Inc. $PANW

Cornerstone Wealth Group LLC boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,416 shares of the network technology company’s stock after buying an additional 294 shares during the period. Cornerstone Wealth Group LLC’s holdings in Palo Alto Networks were worth $5,610,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of PANW. HWG Holdings LP acquired a new position in Palo Alto Networks in the first quarter valued at approximately $31,000. Dagco Inc. acquired a new position in Palo Alto Networks in the first quarter valued at approximately $33,000. Marshall & Sullivan Inc. WA acquired a new position in Palo Alto Networks in the second quarter valued at approximately $41,000. WPG Advisers LLC acquired a new position in Palo Alto Networks in the first quarter valued at approximately $37,000. Finally, Strategic Investment Solutions Inc. IL lifted its holdings in Palo Alto Networks by 58.9% in the first 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 period. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Transactions at Palo Alto Networks

In related news, 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. This represents a 3.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction on Wednesday, October 1st. The shares were 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 directly 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 disclosure for this sale can be found here. Insiders sold 1,315,130 shares of company stock worth $260,687,367 in the last quarter. 2.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PANW shares. Sanford C. Bernstein set a $207.00 price target on Palo Alto Networks and gave the company an “outperform” rating in a report on Tuesday, August 19th. Piper Sandler raised Palo Alto Networks from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $200.00 to $225.00 in a report on Tuesday, August 12th. Rosenblatt Securities decreased their price target on Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, August 14th. New Street Research upped their target price on Palo Alto Networks from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Finally, KeyCorp downgraded Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 31st. Twenty-nine investment 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $216.00.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $213.28 on Tuesday. The business has a fifty day moving average price of $193.79 and a 200 day moving average price of $189.56. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $217.94. The company has a market cap of $142.66 billion, a P/E ratio of 132.88, a P/E/G ratio of 4.96 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data 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 return on equity of 17.66% and a net margin of 12.30%.The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company earned $0.75 EPS. The firm’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, sell-side analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS 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.