Arax Advisory Partners Lowers Stock Position in Palo Alto Networks, Inc. $PANW

Key Points

• Arax Advisory Partners cut its Palo Alto Networks stake by 77.7% in the fourth quarter, selling 32,271 shares and ending with 9,264 shares worth about $1.7 million.
• Insiders were also net sellers, with chief accounting officer Josh D. Paul and EVP Dipak Golechha among those selling shares; insiders sold 81,044 shares worth about $20.4 million over the last quarter.
• Palo Alto Networks reported strong quarterly results, beating EPS and revenue estimates with $0.85 EPS and $3 billion in revenue, while analysts largely remain positive with an average “Moderate Buy” rating and a $306.59 price target.

Arax Advisory Partners lowered its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 77.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,264 shares of the network technology company's stock after selling 32,271 shares during the quarter. Arax Advisory Partners' holdings in Palo Alto Networks were worth $1,706,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new position in shares of Palo Alto Networks during the second quarter valued at $25,000. Knuff & Co LLC bought a new position in shares of Palo Alto Networks during the fourth quarter valued at $26,000. Steph & Co. increased its holdings in shares of Palo Alto Networks by 88.2% during the fourth quarter. Steph & Co. now owns 143 shares of the network technology company's stock valued at $26,000 after acquiring an additional 67 shares in the last quarter. Sittner & Nelson LLC increased its holdings in shares of Palo Alto Networks by 73.8% during the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company's stock valued at $27,000 after acquiring an additional 62 shares in the last quarter. Finally, Winch Advisory Services LLC increased its holdings in shares of Palo Alto Networks by 96.1% during the third quarter. Winch Advisory Services LLC now owns 149 shares of the network technology company's stock valued at $30,000 after acquiring an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company's stock.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 1,100 shares of the business's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $285.08, for a total transaction of $313,588.00. Following the completion of the sale, the chief accounting officer directly owned 81,636 shares in the company, valued at $23,272,790.88. The trade was a 1.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the business's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $160.42, for a total value of $802,100.00. Following the sale, the executive vice president owned 150,250 shares of the company's stock, valued at approximately $24,103,105. This represents a 3.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 81,044 shares of company stock worth $20,424,722. 1.40% of the stock is owned by corporate insiders.

Palo Alto Networks Trading Up 1.8%

Palo Alto Networks stock opened at $284.54 on Tuesday. The business has a 50-day simple moving average of $218.86 and a two-hundred day simple moving average of $189.95. The company has a market cap of $231.90 billion, a P/E ratio of 233.23, a P/E/G ratio of 10.38 and a beta of 0.94. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $302.95. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.06. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The business's quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. Analysts predict that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

Wall Street Analyst Weigh In

PANW has been the subject of several analyst reports. Needham & Company LLC raised their price target on Palo Alto Networks from $200.00 to $350.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Citizens Jmp restated a "market outperform" rating and set a $250.00 price target on shares of Palo Alto Networks in a report on Wednesday, February 18th. Susquehanna restated a "positive" rating and set a $350.00 price target (up from $200.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Wedbush raised their price target on Palo Alto Networks from $300.00 to $340.00 and gave the company an "outperform" rating in a report on Wednesday, June 3rd. Finally, Citigroup reiterated a "market outperform" rating on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Palo Alto Networks currently has an average rating of "Moderate Buy" and an average price target of $306.59.

Palo Alto Networks Company Profile

Palo Alto Networks NASDAQ: PANW is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company's product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.

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