Jackson Thornton Wealth Management LLC Takes $208,000 Position in Palo Alto Networks, Inc. $PANW

Jackson Thornton Wealth Management LLC purchased a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the second quarter, HoldingsChannel.com reports. The fund purchased 1,018 shares of the network technology company’s stock, valued at approximately $208,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Dagco Inc. purchased a new position in shares of Palo Alto Networks in the first quarter worth approximately $33,000. WPG Advisers LLC purchased a new position in shares of Palo Alto Networks in the first quarter worth approximately $37,000. Strategic Investment Solutions Inc. IL boosted its holdings in shares of 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 worth $38,000 after buying an additional 83 shares during the last quarter. Stonebridge Financial Group LLC boosted its holdings in shares of Palo Alto Networks by 46.8% in the first quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company’s stock worth $40,000 after buying an additional 74 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new position in shares of Palo Alto Networks in the second quarter worth approximately $41,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PANW shares. Guggenheim raised their price objective on shares of Palo Alto Networks from $130.00 to $135.00 and gave the stock a “sell” rating in a report on Tuesday, August 19th. Rosenblatt Securities dropped their price objective on shares of Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, August 14th. New Street Research raised their price objective on shares of Palo Alto Networks from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Morgan Stanley raised their price objective on shares of Palo Alto Networks from $210.00 to $216.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $232.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Thirty analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued 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 $217.22.

Palo Alto Networks Trading Up 1.2%

NASDAQ PANW opened at $214.40 on Wednesday. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $217.94. The stock has a market cap of $143.41 billion, a price-to-earnings ratio of 133.58, a PEG ratio of 5.04 and a beta of 0.98. The company’s 50 day moving average is $198.45 and its two-hundred day moving average is $191.16.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The firm 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 company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Activity

In other news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total transaction of $141,512.00. Following the sale, the chief accounting officer owned 32,474 shares in the company, valued at $6,564,943.84. This trade represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Nikesh Arora sold 846,408 shares of Palo Alto Networks stock in a transaction that occurred 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 sale, the chief executive officer owned 275,013 shares in the company, valued at approximately $56,119,152.78. The trade was a 75.48% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,315,130 shares of company stock valued at $260,687,367. Company insiders own 2.50% of the company’s stock.

About Palo Alto Networks

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.