Daymark Wealth Partners LLC Acquires 1,666 Shares of Palo Alto Networks, Inc. $PANW

Daymark Wealth Partners LLC boosted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 62.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,342 shares of the network technology company’s stock after purchasing an additional 1,666 shares during the period. Daymark Wealth Partners LLC’s holdings in Palo Alto Networks were worth $889,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. St. Clair Advisors LLC lifted its stake in shares of Palo Alto Networks by 0.3% in the 2nd quarter. St. Clair Advisors LLC now owns 15,800 shares of the network technology company’s stock valued at $3,233,000 after acquiring an additional 50 shares during the last quarter. Astoria Portfolio Advisors LLC. lifted its stake in shares of Palo Alto Networks by 2.1% in the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 2,467 shares of the network technology company’s stock valued at $496,000 after acquiring an additional 50 shares during the last quarter. Csenge Advisory Group lifted its stake in shares of Palo Alto Networks by 2.4% in the 1st quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company’s stock valued at $381,000 after acquiring an additional 53 shares during the last quarter. TFG Advisers LLC lifted its stake in shares of Palo Alto Networks by 1.1% in the 2nd quarter. TFG Advisers LLC now owns 4,668 shares of the network technology company’s stock valued at $955,000 after acquiring an additional 53 shares during the last quarter. Finally, GSG Advisors LLC lifted its stake in shares of Palo Alto Networks by 0.4% in the 1st quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company’s stock valued at $2,154,000 after acquiring an additional 54 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total value of $1,020,950.00. Following the completion of the transaction, the executive vice president directly owned 96,135 shares of the company’s stock, valued at approximately $19,629,805.65. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction dated Wednesday, October 1st. The stock was 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 trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,215,130 shares of company stock valued at $243,407,367. Insiders own 2.50% of the company’s stock.

Palo Alto Networks Stock Up 0.5%

Shares of NASDAQ:PANW opened at $218.27 on Friday. The firm has a market cap of $146.00 billion, a P/E ratio of 135.99, a P/E/G ratio of 5.16 and a beta of 0.98. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $223.61. The business has a fifty day simple moving average of $203.82 and a 200 day simple moving average of $193.81.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.Palo Alto Networks’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the company earned $0.75 EPS. 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, equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PANW. Jefferies Financial Group set a $235.00 price target on Palo Alto Networks in a research note on Tuesday, July 29th. Sanford C. Bernstein set a $207.00 price target on Palo Alto Networks and gave the company an “outperform” rating in a research note on Tuesday, August 19th. BTIG Research upgraded shares of Palo Alto Networks from a “neutral” rating to a “buy” rating in a research report on Monday, October 13th. Oppenheimer upped their price target on shares of Palo Alto Networks from $225.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Guggenheim upped 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 report on Tuesday, August 19th. Thirty research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $218.17.

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.