Bartlett & CO. Wealth Management LLC Grows Position in Palo Alto Networks, Inc. $PANW

Bartlett & CO. Wealth Management LLC grew its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 7.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,581 shares of the network technology company’s stock after acquiring an additional 251 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Palo Alto Networks were worth $733,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PANW. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Palo Alto Networks during the 1st quarter valued at $261,000. Strive Asset Management LLC raised its position in Palo Alto Networks by 16.6% during the first quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company’s stock valued at $358,000 after purchasing an additional 299 shares in the last quarter. GAMMA Investing LLC lifted its stake in Palo Alto Networks by 10.8% during the first quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company’s stock worth $2,410,000 after purchasing an additional 1,374 shares during the last quarter. Czech National Bank lifted its stake in Palo Alto Networks by 6.4% during the second quarter. Czech National Bank now owns 161,840 shares of the network technology company’s stock worth $33,119,000 after purchasing an additional 9,766 shares during the last quarter. Finally, Avity Investment Management Inc. boosted its holdings in shares of Palo Alto Networks by 37.9% in the 2nd quarter. Avity Investment Management Inc. now owns 181,691 shares of the network technology company’s stock worth $37,181,000 after purchasing an additional 49,971 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PANW. Tigress Financial assumed coverage on Palo Alto Networks in a research report on Friday, September 26th. They issued a “buy” rating and a $245.00 target price for the company. New Street Research lifted their price target on shares of Palo Alto Networks from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $232.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Guggenheim increased their target price on shares of Palo Alto Networks from $130.00 to $135.00 and gave the company a “sell” rating in a report on Tuesday, August 19th. Finally, Piper Sandler raised shares of Palo Alto Networks from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $200.00 to $225.00 in a research note on Tuesday, August 12th. Thirty 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’s stock. According to MarketBeat, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.64.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of the company’s 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 transaction, the executive vice president owned 3,143,516 shares of the company’s stock, valued at $543,199,564.80. This represents a 3.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Nikesh Arora sold 846,408 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total value of $172,718,016.48. Following the completion of 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. Insiders have sold 1,315,130 shares of company stock worth $259,351,606 over the last quarter. 2.50% of the stock is owned by insiders.

Palo Alto Networks Trading Up 1.2%

PANW stock opened at $209.30 on Friday. The stock has a market cap of $140.00 billion, a PE ratio of 130.40, a P/E/G ratio of 4.92 and a beta of 0.98. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $210.39. The company has a 50-day moving average price of $190.12 and a 200 day moving average price of $188.04.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates 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 company 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 company posted $0.75 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. 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.

Palo Alto Networks Company 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.