<div id="readability-page-1"><p>Perigon Wealth Management LLC raised its holdings in shares of  Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 43.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,517 shares of the network technology company's stock after buying an additional 8,998 shares during the period. Perigon Wealth Management LLC's holdings in Palo Alto Networks were worth $6,010,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>Palo Alto Networks</strong> alerts:</span></p></div><ul><li>Top 3 Winter Stocks With Solid Growth Opportunities</li></ul><p>Several other institutional investors and hedge funds have also modified their holdings of PANW. Exchange Traded Concepts LLC increased its stake in shares of  Palo Alto Networks by 29.4% in the third quarter. Exchange Traded Concepts LLC now owns 32,155 shares of the network technology company's stock worth $6,547,000 after purchasing an additional 7,301 shares in the last quarter.  Strive Asset Management LLC lifted its stake in shares of  Palo Alto Networks by 16.6% during the 1st quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company's stock valued at $358,000 after buying an additional 299 shares in the last quarter.  Schroder Investment Management Group boosted its holdings in  Palo Alto Networks by 7.9% in the 2nd quarter. Schroder Investment Management Group now owns 2,234,551 shares of the network technology company's stock worth $457,279,000 after buying an additional 163,718 shares during the period.  Richmond Investment Services LLC increased its stake in  Palo Alto Networks by 87.2% in the 2nd quarter. Richmond Investment Services LLC now owns 3,286 shares of the network technology company's stock worth $672,000 after buying an additional 1,531 shares in the last quarter.  Finally, Panagora Asset Management Inc. raised its holdings in  Palo Alto Networks by 4,524.0% during the second quarter. Panagora Asset Management Inc. now owns 547,944 shares of the network technology company's stock valued at $112,131,000 after acquiring an additional 536,094 shares during the period. Hedge funds and other institutional investors own  79.82% of the company's stock. </p><h2>Palo Alto Networks Stock Performance</h2><p>NASDAQ PANW opened at $188.45 on Monday. The company has a market capitalization of $131.35 billion, a P/E ratio of 119.27, a P/E/G ratio of 4.48 and a beta of 0.79. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $223.61. The stock has a 50 day moving average price of $199.94 and a 200-day moving average price of $197.03. </p><ul><li>Okta: Excuses to Sell Vs. Reasons to Buy</li></ul><p>Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings results on Thursday, November 20th. The network technology company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.04. Palo Alto Networks had a net margin of 11.69% and a return on equity of 17.05%. The company had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.46 billion. During the same quarter in the previous year, the business posted $1.56 earnings per share. Palo Alto Networks's quarterly revenue was up 15.7% on a year-over-year basis.  As a group, equities analysts predict that  Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of equities analysts have recently weighed in on PANW shares. Westpark Capital  reaffirmed a &#34;hold&#34; rating on shares of Palo Alto Networks in a research note on Thursday, November 20th. BMO Capital Markets boosted their price target on Palo Alto Networks from $225.00 to $230.00 and gave the stock an &#34;outperform&#34; rating in a report on Monday, November 17th. Needham &amp; Company LLC  reaffirmed a &#34;buy&#34; rating and set a $230.00 price objective on shares of Palo Alto Networks in a report on Thursday, November 20th. Wolfe Research lifted their price objective on shares of Palo Alto Networks from $225.00 to $250.00 and gave the company an &#34;outperform&#34; rating in a research report on Monday, December 15th. Finally, JMP Securities boosted their target price on shares of Palo Alto Networks from $212.00 to $250.00 and gave the stock a &#34;market outperform&#34; rating in a report on Monday, October 27th. Thirty-one equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned  a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $226.20.</p><ul><li>12 Analysts Just Raised CrowdStrike Targets—Here’s What They See Coming</li></ul><p><b>Get Our Latest Research Report on PANW</b></p><h2>Insider Activity</h2><p>In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the business's stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $191.91, for a total transaction of $23,177,738.34. Following the sale, the executive vice president directly owned 327,645 shares of the company's stock, valued at $62,878,351.95. The trade was a 26.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Josh D. Paul sold 700 shares of the firm's stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $189.39, for a total value of $132,573.00. Following the completion of the sale, the chief accounting officer directly owned 46,805 shares of the company's stock, valued at $8,864,398.95. The trade was a 1.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 376,922 shares of company stock worth $77,963,339. 1.40% of the stock is currently owned by corporate insiders. </p><h2>Palo Alto Networks Company Profile</h2> (Free Report)<p>Palo Alto Networks <span>NASDAQ: PANW<span></span></span> 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.  </p><p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Palo Alto Networks</li><li>Do not delete, read immediately</li><li>How the Rich Retire</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>How Long Will $1M Last in Retirement?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li></ul><p><strong>Want to see what other hedge funds are holding PANW?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEFOVw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEFOVw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Palo Alto Networks Right Now?</h2><p>Before you consider Palo Alto Networks, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Palo Alto Networks wasn't on the list.</p><p>While Palo Alto Networks currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PANW

<p>Perigon Wealth Management LLC increased its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 43.9% in Q3, acquiring an additional 8,998 shares, bringing its total to 29,517 shares valued at $6,010,000. Other institutional investors also raised their holdings, with significant increases from Exchange Traded Concepts LLC and Panagora Asset Management Inc. Palo Alto Networks reported a quarterly EPS of $0.93, exceeding estimates, and analysts maintain a consensus rating of "Moderate Buy" with an average price target of $226.20.</p>

Perigon Wealth Management LLC Acquires 8,998 Shares of Palo Alto Networks, Inc. $PANW