3,790 Shares in Palo Alto Networks, Inc. $PANW Bought by Laidlaw Wealth Management LLC

Laidlaw Wealth Management LLC bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,790 shares of the network technology company’s stock, valued at approximately $1,292,000. Palo Alto Networks comprises approximately 3.7% of Laidlaw Wealth Management LLC’s investment portfolio, making the stock its 7th biggest position.

A number of other hedge funds have also recently made changes to their positions in PANW. N.E.W. Advisory Services LLC bought a new position in Palo Alto Networks in the 2nd quarter valued at approximately $27,000. Comprehensive Financial Planning Inc. PA acquired a new position in Palo Alto Networks in the 2nd quarter valued at approximately $36,000. Kilter Group LLC bought a new position in shares of Palo Alto Networks during the second quarter valued at $39,000. Allied Private Wealth LLC bought a new position in shares of Palo Alto Networks during the second quarter valued at $38,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Palo Alto Networks during the second quarter worth $25,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $358.04 on Friday. The company has a market capitalization of $291.80 billion, a PE ratio of 293.48, a P/E/G ratio of 11.74 and a beta of 0.91. 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 twelve month low of $139.57 and a twelve month high of $398.88. The firm has a fifty day simple moving average of $337.38 and a 200 day simple moving average 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 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The business’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. On average, sell-side analysts forecast that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on PANW shares. Wolfe Research restated an “outperform” rating and issued a $320.00 price objective on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Oppenheimer reaffirmed an “outperform” rating and set a $400.00 target price (up from $350.00) on shares of Palo Alto Networks in a report on Tuesday, August 4th. UBS Group reiterated a “neutral” rating and issued a $390.00 price target (up from $300.00) on shares of Palo Alto Networks in a research report on Wednesday. Mizuho set a $415.00 price target on Palo Alto Networks and gave the company an “outperform” rating in a research note on Wednesday. Finally, Sanford C. Bernstein raised their price objective on Palo Alto Networks from $209.00 to $253.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $362.67.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, Director Helle Thorning-Schmidt sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total value of $242,795.00. Following the transaction, the director directly owned 5,898 shares of the company’s stock, valued at approximately $2,045,721.30. The trade was a 10.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total transaction 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 trade represents a 3.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 37,935 shares of company stock worth $10,809,461 over the last quarter. 1.40% of the stock is owned by company insiders.

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.