Ibex Wealth Advisors Buys 1,866 Shares of Palo Alto Networks, Inc. $PANW

Ibex Wealth Advisors increased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,805 shares of the network technology company’s stock after buying an additional 1,866 shares during the quarter. Palo Alto Networks comprises approximately 1.2% of Ibex Wealth Advisors’ investment portfolio, making the stock its 20th biggest position. Ibex Wealth Advisors’ holdings in Palo Alto Networks were worth $12,674,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PANW. Darwin Wealth Management LLC bought a new stake in shares of Palo Alto Networks during the 2nd quarter valued at $25,000. Steph & Co. increased its position in shares of Palo Alto Networks by 88.2% in the fourth quarter. Steph & Co. now owns 143 shares of the network technology company’s stock worth $26,000 after purchasing an additional 67 shares during the period. Knuff & Co LLC bought a new position in shares of Palo Alto Networks in the fourth quarter worth $26,000. Sittner & Nelson LLC raised its stake in Palo Alto Networks by 73.8% in the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 62 shares in the last quarter. Finally, Luken Investment Analytics LLC lifted its position in Palo Alto Networks by 196.2% during the fourth quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock worth $28,000 after purchasing an additional 102 shares during the period. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $279.90 on Wednesday. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $302.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $228.12 billion, a price-to-earnings ratio of 229.43, a PEG ratio of 10.57 and a beta of 0.94. The firm has a 50 day simple moving average of $221.20 and a 200 day simple moving average of $190.62.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company’s revenue was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share. 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. Research analysts predict that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other news, CAO Josh D. Paul sold 1,100 shares of Palo Alto Networks stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $285.08, for a total transaction of $313,588.00. Following the sale, the chief accounting officer directly owned 81,636 shares of the company’s stock, valued at approximately $23,272,790.88. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Lee Klarich sold 62,904 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $258.65, for a total value of $16,270,119.60. Following the sale, the executive vice president owned 235,983 shares in the company, valued at approximately $61,037,002.95. This trade represents a 21.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 101,044 shares of company stock worth $26,022,722 over the last three months. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PANW has been the subject of several recent analyst reports. Royal Bank Of Canada upped their price objective on shares of Palo Alto Networks from $255.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Morgan Stanley raised their target price on shares of Palo Alto Networks from $253.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. William Blair restated an “outperform” rating on shares of Palo Alto Networks in a research report on Tuesday. Loop Capital increased their price target on shares of Palo Alto Networks from $160.00 to $290.00 and gave the stock a “hold” rating in a research report on Wednesday, June 3rd. Finally, Wedbush lifted their price objective on shares of Palo Alto Networks from $300.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $306.59.

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.