1248 Management LLC Cuts Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• 1248 Management LLC has reduced its holdings in Palo Alto Networks by 31.7%, selling 2,386 shares and now owning 5,150 shares worth approximately $879,000.
• Analysts have adjusted their price targets for Palo Alto Networks, with Rosenblatt Securities lowering it to $215.00, while Royal Bank of Canada issued a target of $232.00, indicating varied sentiment among analysts.
• Insider trading activity reveals that EVP Lee Klarich sold over 120,000 shares, a 36.88% decrease in his ownership, indicating significant movements in executive holdings at the company.

1248 Management LLC reduced its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 31.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,150 shares of the network technology company's stock after selling 2,386 shares during the quarter. 1248 Management LLC's holdings in Palo Alto Networks were worth $879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in PANW. Capital A Wealth Management LLC purchased a new position in shares of Palo Alto Networks in the 4th quarter worth $29,000. HWG Holdings LP acquired a new stake in Palo Alto Networks in the 1st quarter valued at $31,000. Dagco Inc. acquired a new stake in Palo Alto Networks in the 1st quarter valued at $33,000. SWAN Capital LLC increased its holdings in Palo Alto Networks by 100.0% in the 4th quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. Finally, WPG Advisers LLC acquired a new stake in Palo Alto Networks in the 1st quarter valued at $37,000. 79.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on PANW shares. Rosenblatt Securities lowered their price target on Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating for the company in a report on Thursday, August 14th. Royal Bank Of Canada restated an "outperform" rating and issued a $232.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. DA Davidson restated a "buy" rating and issued a $215.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Westpark Capital reiterated a "hold" rating on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Finally, Guggenheim boosted their target price on Palo Alto Networks from $130.00 to $135.00 and gave the stock a "sell" rating in a report on Tuesday, August 19th. Twenty-eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $211.52.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $171.58, for a total value of $20,722,402.92. Following the transaction, the executive vice president directly owned 206,718 shares of the company's stock, valued at approximately $35,468,674.44. This trade represents a 36.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 700 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $184.20, for a total transaction of $128,940.00. Following the completion of the transaction, the chief accounting officer directly owned 37,723 shares in the company, valued at approximately $6,948,576.60. The trade was a 1.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 569,422 shares of company stock valued at $107,116,337 over the last three months. 2.50% of the stock is owned by company insiders.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $190.52 on Monday. The firm has a fifty day moving average price of $189.39 and a two-hundred day moving average price of $185.99. The firm has a market cap of $127.04 billion, a price-to-earnings ratio of 118.70, a P/E/G ratio of 4.55 and a beta of 0.98. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. 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. As a group, sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Palo Alto Networks Company 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.

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