Keebeck Wealth Management Takes $666,000 Position in Palo Alto Networks, Inc. $PANW

Keebeck Wealth Management bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,953 shares of the network technology company’s stock, valued at approximately $666,000.

A number of other large investors also recently modified their holdings of PANW. BlackRock Inc. bought a new stake in Palo Alto Networks during the 2nd quarter valued at $25,833,462,000. Norges Bank acquired a new position in Palo Alto Networks during the fourth quarter worth $1,415,364,000. Bank of New York Mellon Corp bought a new position in shares of Palo Alto Networks in the second quarter valued at $1,569,755,000. Deutsche Bank AG bought a new position in shares of Palo Alto Networks in the second quarter valued at $1,481,236,000. Finally, Bank of America Corp DE grew its holdings in shares of Palo Alto Networks by 16.0% during the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock valued at $3,603,473,000 after buying an additional 3,101,267 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 the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the completion of the transaction, the executive vice president directly owned 145,250 shares of the company’s stock, valued at $42,058,590. This represents a 3.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Josh D. Paul sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total transaction of $310,500.00. Following the sale, the chief accounting officer owned 79,644 shares of the company’s stock, valued at approximately $27,477,180. The trade was a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 37,935 shares of company stock valued at $10,809,461. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PANW. Citigroup reissued a “market outperform” rating on shares of Palo Alto Networks in a research report on Wednesday, August 12th. Jefferies Financial Group set a $335.00 price target on shares of Palo Alto Networks and gave the company a “buy” rating in a research report on Wednesday, June 3rd. William Blair reiterated an “outperform” rating on shares of Palo Alto Networks in a research note on Tuesday, June 16th. Guggenheim lowered Palo Alto Networks from a “neutral” rating to a “reduce” rating in a report on Wednesday, May 27th. Finally, DA Davidson increased their price objective on Palo Alto Networks from $190.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have given 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $362.67.

Palo Alto Networks Trading Up 2.4%

Shares of Palo Alto Networks stock opened at $358.04 on Friday. The firm has a market cap of $291.80 billion, a PE ratio of 293.48, a P/E/G ratio of 11.74 and a beta of 0.91. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $398.88. 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 stock has a fifty day moving average price of $337.38 and a 200-day moving average price of $241.72.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly 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 company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 EPS. 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.

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.