Iams Wealth Management LLC Makes New Investment in Palo Alto Networks, Inc. $PANW

by · The Markets Daily

Iams Wealth Management LLC bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) during the third quarter, Holdings Channel.com reports. The fund bought 2,139 shares of the network technology company’s stock, valued at approximately $850,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. V Square Quantitative Management LLC grew its holdings in shares of Palo Alto Networks by 1.3% during the third quarter. V Square Quantitative Management LLC now owns 19,277 shares of the network technology company’s stock worth $7,659,000 after purchasing an additional 238 shares during the last quarter. Saxony Capital Management LLC increased its position in shares of Palo Alto Networks by 2.0% during the third quarter. Saxony Capital Management LLC now owns 2,996 shares of the network technology company’s stock worth $1,190,000 after purchasing an additional 60 shares in the last quarter. Weaver Capital Management LLC acquired a new stake in shares of Palo Alto Networks during the third quarter worth about $687,000. WealthPLAN Partners LLC increased its position in shares of Palo Alto Networks by 16.7% during the third quarter. WealthPLAN Partners LLC now owns 1,269 shares of the network technology company’s stock worth $504,000 after purchasing an additional 182 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC lifted its holdings in shares of Palo Alto Networks by 8.7% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 7,851 shares of the network technology company’s stock valued at $3,119,000 after purchasing an additional 630 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $370.27 on Friday. The stock has a market capitalization of $302.88 billion, a PE ratio of 726.03, a price-to-earnings-growth ratio of 10.79 and a beta of 0.93. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $432.33. The stock’s 50-day moving average price is $373.10 and its 200 day moving average price is $300.73. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last posted its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the business earned $0.95 EPS. The firm’s revenue was up 34.5% compared to the same quarter last year. 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. As a group, equities research analysts forecast that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Guggenheim reissued a “neutral” rating on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Loop Capital raised their price target on Palo Alto Networks from $290.00 to $350.00 and gave the stock a “hold” rating in a research note on Friday, August 21st. BMO Capital Markets reaffirmed an “outperform” rating and set a $415.00 price target (up from $335.00) on shares of Palo Alto Networks in a research report on Thursday, August 20th. Morgan Stanley set a $410.00 price target on Palo Alto Networks and gave the stock an “overweight” rating in a research report on Monday, September 21st. Finally, Tigress Financial boosted their price objective on Palo Alto Networks from $245.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $393.02.

Check Out Our Latest Stock Report on Palo Alto Networks

Insider Buying and Selling

In other news, Director John Key sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $376.03, for a total transaction of $940,075.00. Following the completion of the sale, the director owned 10,000 shares in the company, valued at $3,760,300. This represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Josh D. Paul sold 900 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $373.68, for a total value of $336,312.00. Following the sale, the chief accounting officer directly owned 72,484 shares of the company’s stock, valued at approximately $27,085,821.12. This represents a 1.23% 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 54,210 shares of company stock worth $20,823,029. 1.40% of the stock is currently owned by insiders.

About Palo Alto Networks

(Free Report)

Palo Alto Networks, Inc is a cybersecurity company that provides solutions designed to help organizations protect networks, endpoints, cloud environments, applications and users from cyber threats. Its offerings include next-generation firewalls, cloud-delivered security services, secure access service edge (SASE) solutions, endpoint protection and security operations tools.

The company also provides platforms and services for cloud security, threat intelligence, incident response, vulnerability management and the automation of security operations.

Further Reading

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