Ameriprise Financial Inc. Decreases Stock Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• Ameriprise Financial Inc. reduced its stake in Palo Alto Networks, Inc. by 5.4%, selling 389,868 shares and owning roughly 1.04% of the company, valued at about $1.175 billion.
• Palo Alto Networks reported earnings of $0.95 per share, exceeding analysts' expectations, with a revenue of $2.54 billion for the quarter, marking a 15.8% year-over-year increase.
• Major analysts have reissued positive ratings, with price targets around $215.00, reflecting a consensus rating of "Moderate Buy" for the stock.

Ameriprise Financial Inc. trimmed its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 5.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,887,871 shares of the network technology company's stock after selling 389,868 shares during the quarter. Ameriprise Financial Inc. owned about 1.04% of Palo Alto Networks worth $1,175,437,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Rehmann Capital Advisory Group grew its holdings in shares of Palo Alto Networks by 106.4% in the fourth quarter. Rehmann Capital Advisory Group now owns 2,378 shares of the network technology company's stock valued at $433,000 after purchasing an additional 1,226 shares during the period. GAMMA Investing LLC grew its holdings in shares of Palo Alto Networks by 10.8% in the first quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock valued at $2,410,000 after purchasing an additional 1,374 shares during the period. Diligent Investors LLC grew its holdings in shares of Palo Alto Networks by 100.0% in the fourth quarter. Diligent Investors LLC now owns 3,430 shares of the network technology company's stock valued at $624,000 after purchasing an additional 1,715 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Palo Alto Networks by 8.0% in the first quarter. Nisa Investment Advisors LLC now owns 137,663 shares of the network technology company's stock valued at $23,491,000 after purchasing an additional 10,180 shares during the period. Finally, Shorepoint Capital Partners LLC grew its holdings in shares of Palo Alto Networks by 108.4% in the fourth quarter. Shorepoint Capital Partners LLC now owns 20,898 shares of the network technology company's stock valued at $3,803,000 after purchasing an additional 10,868 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Stock Up 1.6%

Shares of NASDAQ:PANW opened at $184.43 on Thursday. The firm's 50 day moving average price is $191.11 and its 200 day moving average price is $186.31. The stock has a market cap of $122.98 billion, a price-to-earnings ratio of 114.91, a price-to-earnings-growth ratio of 4.46 and a beta of 0.94. 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 issued its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. The firm had revenue of $2.54 billion for the quarter, compared to analysts' expectations of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The firm's revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. 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, equities analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PANW shares. DA Davidson reissued a "buy" rating and issued a $215.00 price objective on shares of Palo Alto Networks in a report on Tuesday. Barclays reissued an "overweight" rating and issued a $215.00 price objective (up previously from $210.00) on shares of Palo Alto Networks in a report on Tuesday. Stephens reissued an "equal weight" rating and issued a $205.00 price objective on shares of Palo Alto Networks in a report on Tuesday. Northland Securities decreased their target price on shares of Palo Alto Networks from $210.00 to $177.00 and set a "market perform" rating on the stock in a research report on Wednesday, May 21st. Finally, Rosenblatt Securities decreased their target price on shares of Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating on the stock in a research report on Thursday, August 14th. Twenty-eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $211.52.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $201.85, for a total value of $1,009,250.00. Following the transaction, the executive vice president directly owned 101,135 shares in the company, valued at $20,414,099.75. This represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Josh D. Paul sold 600 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $204.00, for a total transaction of $122,400.00. Following the transaction, the chief accounting officer owned 41,433 shares in the company, valued at approximately $8,452,332. This trade represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 669,248 shares of company stock valued at $126,423,337 over the last quarter. Insiders own 2.50% of the company's stock.

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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