AAFMAA Wealth Management & Trust LLC Trims Stock Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• AAFMAA Wealth Management & Trust LLC reduced its holdings in Palo Alto Networks by 33.9%, bringing their total shares to 5,787, valued at approximately $1.18 million.
• Palo Alto Networks reported a 15.8% increase in quarterly revenue year-over-year, amounting to $2.54 billion, and earned $0.95 per share, surpassing analysts' expectations.
• Institutional investors hold 79.82% of Palo Alto Networks' stock, reflecting strong confidence in the company amid various adjustments by hedge funds.

AAFMAA Wealth Management & Trust LLC decreased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 33.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,787 shares of the network technology company's stock after selling 2,967 shares during the period. AAFMAA Wealth Management & Trust LLC's holdings in Palo Alto Networks were worth $1,184,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Register Financial Advisors LLC raised its position in shares of Palo Alto Networks by 4.4% during the second quarter. Register Financial Advisors LLC now owns 1,668 shares of the network technology company's stock valued at $341,000 after buying an additional 70 shares during the last quarter. Dakota Wealth Management lifted its holdings in shares of Palo Alto Networks by 15.0% in the 2nd quarter. Dakota Wealth Management now owns 45,583 shares of the network technology company's stock valued at $9,328,000 after acquiring an additional 5,953 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in Palo Alto Networks by 277.3% during the 2nd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 231,344 shares of the network technology company's stock valued at $47,342,000 after buying an additional 170,021 shares during the period. Perigon Wealth Management LLC boosted its stake in shares of Palo Alto Networks by 28.1% during the 2nd quarter. Perigon Wealth Management LLC now owns 20,519 shares of the network technology company's stock worth $4,199,000 after purchasing an additional 4,498 shares during the period. Finally, Octavia Wealth Advisors LLC grew its stake in shares of Palo Alto Networks by 4.3% during the second quarter. Octavia Wealth Advisors LLC now owns 1,905 shares of the network technology company's stock valued at $390,000 after buying an additional 79 shares during the last quarter. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Stock Up 0.8%

PANW opened at $202.21 on Friday. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $210.39. The firm's fifty day simple moving average is $189.45 and its two-hundred day simple moving average is $187.18. The company has a market cap of $135.26 billion, a price-to-earnings ratio of 125.99, a PEG ratio of 4.78 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings results 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 net margin of 12.30% and a return on equity of 17.66%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company posted $0.75 EPS. Palo Alto Networks's quarterly revenue was up 15.8% compared to the same quarter last year. 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 forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analysts Set New Price Targets

PANW has been the subject of a number of research analyst reports. Scotiabank lifted their price objective on shares of Palo Alto Networks from $225.00 to $228.00 and gave the company a "sector outperform" rating in a report on Tuesday, August 19th. Truist Financial set a $220.00 price target on shares of Palo Alto Networks and gave the company a "buy" rating in a research report on Tuesday, August 19th. KeyCorp cut Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 31st. JMP Securities reiterated a "market outperform" rating and set a $212.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, DA Davidson reiterated a "buy" rating and issued a $215.00 target price on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Twenty-nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Palo Alto Networks currently has a consensus rating of "Moderate Buy" and a consensus price target of $212.39.

Insider Buying and Selling

In other news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $184.20, for a total transaction of $128,940.00. Following the transaction, the chief accounting officer owned 37,723 shares in the company, valued at $6,948,576.60. The trade was a 1.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the executive vice president owned 3,143,516 shares in the company, valued at $543,199,564.80. The trade was a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,415,030 shares of company stock worth $279,198,494 in the last 90 days. Corporate insiders own 2.50% of the company's stock.

About Palo Alto Networks

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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