Integrated Wealth Concepts LLC Boosts Holdings in Palo Alto Networks, Inc. $PANW

Integrated Wealth Concepts LLC increased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 4.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,907 shares of the network technology company’s stock after acquiring an additional 2,757 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Palo Alto Networks were worth $21,111,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Trilogy Capital Inc. boosted its position in shares of Palo Alto Networks by 1.8% in the 2nd quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company’s stock valued at $725,000 after purchasing an additional 37 shares during the period. Wisconsin Wealth Advisors LLC increased its position in Palo Alto Networks by 1.2% during the second quarter. Wisconsin Wealth Advisors LLC now owns 3,206 shares of the network technology company’s stock worth $1,093,000 after buying an additional 38 shares during the period. Orrstown Financial Services Inc. lifted its stake in Palo Alto Networks by 1.2% in the second quarter. Orrstown Financial Services Inc. now owns 3,197 shares of the network technology company’s stock valued at $1,090,000 after buying an additional 38 shares during the last quarter. Principia Wealth Advisory LLC lifted its stake in Palo Alto Networks by 125.0% in the second quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock valued at $28,000 after buying an additional 45 shares during the last quarter. Finally, WNY Asset Management LLC boosted its holdings in shares of Palo Alto Networks by 2.8% in the second quarter. WNY Asset Management LLC now owns 1,751 shares of the network technology company’s stock valued at $597,000 after acquiring an additional 47 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PANW. Guggenheim restated a “neutral” rating on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $430.00 price target (up from $350.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. DA Davidson lifted their price objective on shares of Palo Alto Networks from $345.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. FBN Securities reaffirmed an “outperform” rating on shares of Palo Alto Networks in a report on Wednesday, July 1st. Finally, Stephens set a $400.00 target price on shares of Palo Alto Networks and gave the stock an “equal weight” rating in a research note on Wednesday, September 2nd. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $386.32.

Palo Alto Networks Price Performance

Shares of PANW opened at $335.10 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average is $349.79 and its two-hundred day moving average is $259.23. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $398.88. The firm has a market capitalization of $273.11 billion, a PE ratio of 657.07, a P/E/G ratio of 9.73 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%.The company’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 earnings per share. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. Research analysts anticipate that Palo Alto Networks, Inc. will post 2.3 earnings per share for the current year.

Insider Buying and Selling at Palo Alto Networks

In other news, CAO Josh Paul sold 900 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total transaction of $310,500.00. Following the transaction, the chief accounting officer directly owned 79,644 shares of the company’s stock, valued at $27,477,180. This represents a 1.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John P. Key sold 7,500 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the completion of the sale, the director owned 12,500 shares of the company’s stock, valued at $3,490,500. This trade represents a 37.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 37,703 shares of company stock worth $10,900,823. Company insiders own 1.40% of the company’s stock.

About Palo Alto Networks

Palo Alto Networks, Inc is a cybersecurity company that provides security products and services to businesses, governments and other organizations worldwide. The company helps customers protect networks, cloud environments, endpoints, applications and connected devices from cyber threats.

Its portfolio includes next-generation firewalls and network security technologies, as well as cloud-delivered security solutions such as Prisma Access and Prisma Cloud. Palo Alto Networks also offers Cortex products for endpoint protection, security operations, threat detection and response, and automation.