TrueWealth Advisors LLC Has $628,000 Position in Palo Alto Networks, Inc. $PANW

TrueWealth Advisors LLC lessened its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 60.7% in the second quarter, HoldingsChannel.com reports. The firm owned 1,841 shares of the network technology company’s stock after selling 2,847 shares during the period. TrueWealth Advisors LLC’s holdings in Palo Alto Networks were worth $628,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PANW. RVW Wealth LLC bought a new position in shares of Palo Alto Networks in the second quarter valued at $342,000. Elmwood Wealth Management Inc. increased its position in shares of Palo Alto Networks by 3.4% during the second quarter. Elmwood Wealth Management Inc. now owns 5,917 shares of the network technology company’s stock worth $2,018,000 after acquiring an additional 196 shares in the last quarter. Czech National Bank increased its position in shares of Palo Alto Networks by 4.9% during the second quarter. Czech National Bank now owns 230,842 shares of the network technology company’s stock worth $78,722,000 after acquiring an additional 10,766 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in shares of Palo Alto Networks by 27.4% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 123,850 shares of the network technology company’s stock worth $42,235,000 after acquiring an additional 26,644 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Palo Alto Networks by 93.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 901,261 shares of the network technology company’s stock worth $307,348,000 after acquiring an additional 435,416 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Mizuho lifted their price target on Palo Alto Networks from $265.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Wells Fargo & Company boosted their price objective on Palo Alto Networks from $325.00 to $420.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. UBS Group set a $300.00 price objective on Palo Alto Networks and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Berenberg Bank raised their target price on Palo Alto Networks from $290.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $345.00 target price (up from $265.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $333.76.

Palo Alto Networks Trading Up 1.2%

Shares of PANW stock opened at $363.86 on Friday. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $376.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50-day simple moving average of $317.88 and a two-hundred day simple moving average of $228.20. The company has a market capitalization of $296.55 billion, a price-to-earnings ratio of 298.25, a PEG ratio of 12.06 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS 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 analysts’ expectations of $2.94 billion. During the same quarter last year, the firm earned $0.37 EPS. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. 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 anticipate that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the transaction, the executive vice president owned 145,250 shares of the company’s stock, valued at approximately $42,058,590. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Aparna Bawa sold 290 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $348.74, for a total value 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 101,239 shares of company stock valued at $27,174,360 in the last ninety days. Insiders own 1.40% of the company’s stock.

Palo Alto Networks 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.