1832 Asset Management L.P. Sells 91,260 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• 1832 Asset Management L.P. significantly cut its stake in Palo Alto Networks by 92.2%, selling 91,260 shares, leaving them with 7,735 shares valued at approximately $1.32 million.
• Several large investors, like Compound Planning Inc. and Bragg Financial Advisors Inc., have increased their holdings in Palo Alto Networks, indicating a mixed sentiment among institutional investors.
• Palo Alto Networks reported earnings of $0.95 EPS for the last quarter, surpassing expectations, with revenue rising by 15.8% year-over-year to $2.54 billion.

1832 Asset Management L.P. trimmed its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 92.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,735 shares of the network technology company's stock after selling 91,260 shares during the period. 1832 Asset Management L.P.'s holdings in Palo Alto Networks were worth $1,320,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Palo Alto Networks during the first quarter worth approximately $261,000. Rehmann Capital Advisory Group boosted its stake in Palo Alto Networks by 106.4% in the 4th quarter. Rehmann Capital Advisory Group now owns 2,378 shares of the network technology company's stock worth $433,000 after purchasing an additional 1,226 shares during the period. GAMMA Investing LLC boosted its stake in Palo Alto Networks by 10.8% in the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock worth $2,410,000 after purchasing an additional 1,374 shares during the period. Diligent Investors LLC boosted its stake in Palo Alto Networks by 100.0% in the 4th quarter. Diligent Investors LLC now owns 3,430 shares of the network technology company's stock worth $624,000 after purchasing an additional 1,715 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Palo Alto Networks by 8.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 137,663 shares of the network technology company's stock worth $23,491,000 after purchasing an additional 10,180 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on PANW. BMO Capital Markets raised their price objective on shares of Palo Alto Networks from $217.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Wedbush reaffirmed an "outperform" rating and issued a $225.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. JMP Securities reaffirmed a "market outperform" rating and issued a $212.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Rosenblatt Securities decreased their price objective on shares of Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating for the company in a research note on Thursday, August 14th. Finally, Northland Securities decreased their price objective on shares of Palo Alto Networks from $210.00 to $177.00 and set a "market perform" rating for the company in a research note on Wednesday, May 21st. Twenty-eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Palo Alto Networks presently has an average rating of "Moderate Buy" and an average price target of $211.52.

Palo Alto Networks Stock Up 1.8%

Shares of NASDAQ:PANW traded up $3.38 during trading on Wednesday, reaching $187.61. 5,985,276 shares of the company traded hands, compared to its average volume of 14,151,992. The firm has a fifty day simple moving average of $189.74 and a 200 day simple moving average of $186.25. The firm has a market cap of $125.10 billion, a P/E ratio of 116.89, a price-to-earnings-growth ratio of 4.49 and a beta of 0.94. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company's revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. 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, research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the transaction, the executive vice president owned 101,135 shares in the company, valued at approximately $20,414,099.75. This trade represents a 4.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nir Zuk sold 100,000 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the transaction, the executive vice president owned 3,143,516 shares in the company, valued at $543,199,564.80. This represents a 3.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 669,948 shares of company stock worth $126,552,277 over the last quarter. Company insiders own 2.50% of the company's stock.

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.