Elevation Point Wealth Partners LLC Takes $20.66 Million Position in Palo Alto Networks, Inc. $PANW

Elevation Point Wealth Partners LLC acquired a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 60,596 shares of the network technology company’s stock, valued at approximately $20,664,000.

Several other institutional investors have also recently made changes to their positions in PANW. Darwin Wealth Management LLC purchased a new stake in Palo Alto Networks in the second quarter valued at $25,000. Knuff & Co LLC purchased a new position in shares of Palo Alto Networks during the 4th quarter valued at about $26,000. Sittner & Nelson LLC raised its stake in shares of Palo Alto Networks by 73.8% during the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after buying an additional 62 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Palo Alto Networks in the 2nd quarter valued at about $27,000. Finally, Luken Investment Analytics LLC lifted its holdings in shares of Palo Alto Networks by 196.2% in the 4th quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock valued at $28,000 after buying an additional 102 shares during the period. 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, Director Aparna Bawa sold 290 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $348.74, for a total transaction of $101,134.60. Following the completion of the transaction, the director owned 6,437 shares of the company’s stock, valued at $2,244,839.38. This trade represents a 4.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James J. Goetz sold 20,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the transaction, the director directly owned 20,000 shares of the company’s stock, valued at $5,598,000. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 37,935 shares of company stock worth $10,809,461. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Rosenblatt Securities raised their target price on Palo Alto Networks from $275.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. BTIG Research boosted their price target on Palo Alto Networks from $333.00 to $380.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. The Goldman Sachs Group restated a “buy” rating and issued a $330.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Palo Alto Networks from $220.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Finally, Morgan Stanley set a $400.00 target price on shares of Palo Alto Networks in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $362.67.

Palo Alto Networks Stock Up 2.4%

Shares of PANW opened at $358.04 on Friday. The stock has a 50 day moving average price of $337.38 and a 200 day moving average price of $241.72. The stock has a market capitalization of $291.80 billion, a price-to-earnings ratio of 293.48, a PEG ratio of 12.02 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $398.88.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the firm posted $0.37 earnings per share. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. Equities research analysts forecast that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Palo Alto Networks Company Profile

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.