111 Capital Reduces Stake in Palo Alto Networks, Inc. $PANW

Key Points

• 111 Capital reduced its stake in Palo Alto Networks by 20.7%, owning 9,435 shares valued at approximately $1.93 million after selling 2,459 shares in the second quarter.
• Several institutional investors purchased new stakes in Palo Alto Networks, while hedge funds and institutions collectively own 79.82% of the company's stock.
• Analysts have varying ratings for Palo Alto Networks, with a consensus target price of $214.64, highlighting its Moderate Buy rating among 30 analysts.

111 Capital lowered its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 20.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,435 shares of the network technology company's stock after selling 2,459 shares during the quarter. 111 Capital's holdings in Palo Alto Networks were worth $1,931,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. HWG Holdings LP purchased a new stake in Palo Alto Networks in the 1st quarter worth approximately $31,000. Dagco Inc. purchased a new stake in Palo Alto Networks in the 1st quarter worth approximately $33,000. WPG Advisers LLC purchased a new stake in Palo Alto Networks in the 1st quarter worth approximately $37,000. Strategic Investment Solutions Inc. IL lifted its holdings in Palo Alto Networks by 58.9% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock worth $38,000 after buying an additional 83 shares during the period. Finally, Stonebridge Financial Group LLC lifted its holdings in Palo Alto Networks by 46.8% in the 1st quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company's stock worth $40,000 after buying an additional 74 shares during the period. Hedge funds and other institutional investors own 79.82% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PANW shares. KeyCorp cut Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a report on Thursday, July 31st. BMO Capital Markets increased their target price on Palo Alto Networks from $217.00 to $225.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Morgan Stanley increased their target price on Palo Alto Networks from $210.00 to $216.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Westpark Capital reissued a "hold" rating on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Finally, Truist Financial set a $220.00 target price on Palo Alto Networks and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Thirty analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $214.64.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction on Friday, August 1st. The stock was sold at an average price of $172.80, for a total value of $17,280,000.00. Following the completion of the sale, the executive vice president owned 3,143,516 shares of the company's stock, valued at approximately $543,199,564.80. This trade represents a 3.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Nikesh Arora sold 846,408 shares of Palo Alto Networks stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total value of $172,718,016.48. Following the completion of the sale, the chief executive officer directly owned 275,013 shares of the company's stock, valued at approximately $56,119,152.78. The trade was a 75.48% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,315,130 shares of company stock worth $259,351,606. 2.50% of the stock is owned by corporate insiders.

Palo Alto Networks Stock Down 1.0%

PANW stock opened at $207.19 on Friday. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $212.10. The firm has a market cap of $138.59 billion, a PE ratio of 129.09, a price-to-earnings-growth ratio of 4.98 and a beta of 0.98. The business has a 50 day moving average of $190.20 and a 200 day moving average of $188.20.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the company earned $0.75 EPS. The firm's revenue for the quarter was up 15.8% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, research analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Palo Alto Networks Profile

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.