Perigon Wealth Management LLC Makes New $6.84 Million Investment in Palo Alto Networks, Inc. $PANW

Perigon Wealth Management LLC acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,065 shares of the network technology company’s stock, valued at approximately $6,843,000.

A number of other institutional investors and hedge funds have also modified their holdings of PANW. Trilogy Capital Inc. boosted its stake in Palo Alto Networks by 1.8% during the second quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company’s stock worth $725,000 after buying an additional 37 shares in the last quarter. Wisconsin Wealth Advisors LLC lifted its holdings in shares of 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 valued at $1,093,000 after acquiring an additional 38 shares during the period. Orrstown Financial Services Inc. boosted its position 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 in the last quarter. GSG Advisors LLC boosted its holdings in shares of Palo Alto Networks by 0.4% in the 1st quarter. GSG Advisors LLC now owns 12,536 shares of the network technology company’s stock worth $2,010,000 after acquiring an additional 51 shares in the last quarter. Finally, Outfitters Financial LLC grew its position in Palo Alto Networks by 1.7% during the 4th quarter. Outfitters Financial LLC now owns 3,265 shares of the network technology company’s stock worth $601,000 after acquiring an additional 55 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Trading Down 2.2%

PANW opened at $375.76 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $398.88. The firm’s fifty day moving average is $330.20 and its two-hundred day moving average is $237.05. The firm has a market cap of $306.24 billion, a PE ratio of 308.00, a price-to-earnings-growth ratio of 12.89 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 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. 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. Equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

Insider Activity

In related news, Director Aparna Bawa sold 290 shares of the business’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 sale, the director directly owned 6,437 shares of the company’s stock, valued at approximately $2,244,839.38. The trade was a 4.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total value of $1,447,800.00. Following the completion of the sale, the executive vice president owned 145,250 shares in the company, valued at approximately $42,058,590. This trade represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 101,239 shares of company stock worth $27,174,360. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PANW shares. Needham & Company LLC boosted their target price on shares of Palo Alto Networks from $350.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. DA Davidson boosted their price objective on shares of Palo Alto Networks from $190.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $434.00 price objective (up from $330.00) on shares of Palo Alto Networks in a report on Friday. BNP Paribas Exane lifted their target price on Palo Alto Networks from $330.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings lowered Palo Alto Networks from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $342.61.

About Palo Alto Networks

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.