MFG Wealth Management Inc. Invests $1.93 Million in Palo Alto Networks, Inc. $PANW

MFG Wealth Management Inc. bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,671 shares of the network technology company’s stock, valued at approximately $1,934,000.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Palo Alto Networks by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock valued at $12,512,533,000 after acquiring an additional 2,659,100 shares during the last quarter. State Street Corp grew its holdings in shares of Palo Alto Networks by 2.0% during the fourth quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock worth $5,587,100,000 after purchasing an additional 594,789 shares during the last quarter. 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 worth $3,603,473,000 after purchasing an additional 3,101,267 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Palo Alto Networks by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock worth $2,934,935,000 after purchasing an additional 540,756 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Palo Alto Networks during the fourth quarter worth about $1,415,364,000. 79.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Josh D. Paul sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $285.08, for a total transaction of $313,588.00. Following the completion of the sale, the chief accounting officer owned 81,636 shares in the company, valued at $23,272,790.88. This represents a 1.33% 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, EVP Dipak Golechha sold 5,000 shares of the 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 sale, the executive vice president directly owned 145,250 shares of the company’s stock, valued at approximately $42,058,590. This 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 90 days, insiders have sold 101,239 shares of company stock valued at $27,174,360. 1.40% of the stock is owned by company insiders.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $363.86 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $376.98. The business’s 50-day moving average price is $317.88 and its 200 day moving average price is $228.20. The firm has a market cap of $296.55 billion, a P/E ratio of 298.25, a P/E/G ratio of 12.06 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the business earned $0.37 EPS. The firm’s 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. On average, equities research analysts expect that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Rosenblatt Securities boosted their target price on Palo Alto Networks from $275.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Oppenheimer restated an “outperform” rating and set a $400.00 price target (up from $350.00) on shares of Palo Alto Networks in a research note on Tuesday. William Blair reaffirmed an “outperform” rating on shares of Palo Alto Networks in a research report on Tuesday, June 16th. Guggenheim cut Palo Alto Networks from a “neutral” rating to a “reduce” rating in a research note on Wednesday, May 27th. Finally, Wells Fargo & Company increased their price objective on Palo Alto Networks from $325.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. One research 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 given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $333.76.

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.