Bernicke Wealth Management Ltd. Purchases New Shares in Palo Alto Networks, Inc. $PANW

Bernicke Wealth Management Ltd. purchased a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) during the 3rd quarter, Holdings Channel reports. The firm purchased 4,464 shares of the network technology company’s stock, valued at approximately $1,774,000.

A number of other hedge funds have also modified their holdings of the business. Solstein Capital LLC purchased a new stake in Palo Alto Networks in the 2nd quarter valued at approximately $26,000. N.E.W. Advisory Services LLC purchased a new position in Palo Alto Networks during the second quarter worth $27,000. Delos Wealth Advisors LLC purchased a new position in Palo Alto Networks during the second quarter worth $28,000. Principia Wealth Advisory LLC increased its position in Palo Alto Networks by 125.0% during the second quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock worth $28,000 after buying an additional 45 shares in the last quarter. Finally, Putney Financial Group LLC acquired a new position in shares of Palo Alto Networks in the third quarter worth $31,000. 79.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PANW. UBS Group restated a “neutral” rating and issued a $390.00 price objective (up from $300.00) on shares of Palo Alto Networks in a research report on Wednesday, August 19th. Citizens Jmp lifted their price objective on Palo Alto Networks from $320.00 to $415.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 12th. Cantor Fitzgerald reissued an “overweight” rating and issued a $425.00 target price on shares of Palo Alto Networks in a research note on Tuesday, September 8th. New Street Research set a $415.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 18th. Finally, Benchmark upped their target price on shares of Palo Alto Networks from $340.00 to $400.00 and gave the company a “buy” rating in a report on Monday, August 24th. Forty research 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $397.12.

Insiders Place Their Bets

In related news, Director John Key sold 2,500 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $376.03, for a total transaction of $940,075.00. Following the transaction, the director directly owned 10,000 shares in the company, valued at approximately $3,760,300. This represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 400 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $395.70, for a total value of $158,280.00. Following the completion of the sale, the chief accounting officer directly owned 77,987 shares in the company, valued at approximately $30,859,455.90. The trade was a 0.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 54,210 shares of company stock valued at $20,823,029. 0.55% of the stock is currently owned by company insiders.

Palo Alto Networks Trading Down 0.1%

Shares of PANW opened at $322.24 on Friday. The stock has a fifty day moving average of $367.50 and a two-hundred day moving average of $277.20. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $263.84 billion, a PE ratio of 631.86, a price-to-earnings-growth ratio of 9.25 and a beta of 0.96. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $432.33.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the prior year, the company posted $0.95 EPS. The business’s revenue for the quarter 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, analysts forecast that Palo Alto Networks, Inc. will post 2.32 EPS for the current year.

Latest Palo Alto Networks News

These are some of the PANW news items that stood out recently:

• Positive Sentiment: KeyBanc upgraded PANW to Overweight from Sector Weight and set a $380 price target. The firm expects next-generation security growth, stronger security spending, and demand for AI protection to outweigh concerns about the traditional firewall business. The upgrade helped lift shares in premarket trading. Palo Alto Networks stock rises as KeyBanc upgrades shares to Overweight
• Positive Sentiment: Palo Alto’s AI-security tool was described as the company’s fastest product ramp, highlighting adoption momentum in a growth area. CIBC also included PANW among its post-election stock picks. Palo Alto Networks AI security tool became the company’s fastest product ramp
• Neutral Sentiment: PANW was also noted as a holding in Jim Cramer’s Charitable Trust. This is a visibility signal, but the article provides no new company-specific operating or financial catalyst. A Jim Cramer’s Trust Stock Is Using AI to Breaks the Defenses It Helps Protect

About Palo Alto Networks

Palo Alto Networks, Inc. is a cybersecurity company that provides products and services to help organizations protect their networks, cloud environments, devices and applications. Its offerings include next-generation firewalls, cloud security tools, secure access services and platforms for detecting and responding to cyber threats. The company’s product portfolio includes Prisma for cloud and network security and Cortex for security operations, including threat detection and response. It also provides cybersecurity consulting and incident-response services through Unit 42.