Sunburst Financial Group LLC Acquires New Position in Palo Alto Networks, Inc. $PANW

Sunburst Financial Group LLC acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 978 shares of the network technology company’s stock, valued at approximately $200,000.

Several other large investors also recently bought and sold shares of the business. Oakwell Private Wealth Management LLC purchased a new stake in Palo Alto Networks during the 2nd quarter valued at about $204,000. Cassaday & Co Wealth Management LLC grew its stake in Palo Alto Networks by 3.4% during the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 5,793 shares of the network technology company’s stock valued at $1,185,000 after acquiring an additional 193 shares in the last quarter. NewSquare Capital LLC grew its stake in Palo Alto Networks by 30.3% during the 2nd quarter. NewSquare Capital LLC now owns 430 shares of the network technology company’s stock valued at $88,000 after acquiring an additional 100 shares in the last quarter. Rockline Wealth Management LLC grew its stake in Palo Alto Networks by 7.2% during the 2nd quarter. Rockline Wealth Management LLC now owns 23,737 shares of the network technology company’s stock valued at $4,858,000 after acquiring an additional 1,598 shares in the last quarter. Finally, Huntington National Bank grew its stake in Palo Alto Networks by 4.7% during the 2nd quarter. Huntington National Bank now owns 553,330 shares of the network technology company’s stock valued at $113,233,000 after acquiring an additional 24,634 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 846,408 shares of the 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 directly owned 275,013 shares in the company, valued at $56,119,152.78. This represents a 75.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Lee Klarich sold 120,774 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the sale, the executive vice president owned 149,190 shares in the company, valued at approximately $31,616,344.80. This trade represents a 44.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,094,356 shares of company stock valued at $222,684,964 in the last quarter. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PANW. BTIG Research raised shares of Palo Alto Networks from a “neutral” rating to a “buy” rating in a research note on Monday, October 13th. Piper Sandler raised shares of Palo Alto Networks from a “neutral” rating to an “overweight” rating and increased their price target for the company from $200.00 to $225.00 in a research note on Tuesday, August 12th. Bank of America increased their price target on shares of Palo Alto Networks from $215.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Mizuho increased their price target on shares of Palo Alto Networks from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, Guggenheim increased their price target on shares of Palo Alto Networks from $130.00 to $135.00 and gave the company a “sell” rating 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.17.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $219.23 on Tuesday. The firm’s 50 day moving average price is $205.20 and its 200-day moving average price is $194.84. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $223.61. The firm has a market cap of $146.64 billion, a P/E ratio of 136.59, a P/E/G ratio of 5.24 and a beta of 0.95.

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 the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business posted $0.75 EPS. The business’s revenue for the quarter 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, research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

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.