Atria Wealth Solutions Inc. Sells 23,269 Shares of Palo Alto Networks, Inc. $PANW

Atria Wealth Solutions Inc. lowered its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 55.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,334 shares of the network technology company's stock after selling 23,269 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Palo Alto Networks were worth $3,747,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in PANW. HWG Holdings LP bought a new stake in shares of Palo Alto Networks in the first quarter valued at approximately $31,000. Dagco Inc. bought a new stake in shares of Palo Alto Networks in the first quarter valued at approximately $33,000. Marshall & Sullivan Inc. WA bought a new stake in shares of Palo Alto Networks in the second quarter valued at approximately $41,000. WPG Advisers LLC bought a new stake in shares of Palo Alto Networks in the first quarter valued at approximately $37,000. Finally, Strategic Investment Solutions Inc. IL boosted its position in shares of Palo Alto Networks by 58.9% in the first quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock valued at $38,000 after acquiring an additional 83 shares during the period. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $207.56 on Wednesday. The stock has a fifty day moving average price of $194.56 and a two-hundred day moving average price of $189.68. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $217.94. The firm has a market capitalization of $138.84 billion, a P/E ratio of 129.32, a P/E/G ratio of 5.07 and a beta of 0.98.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PANW shares. Jefferies Financial Group set a $235.00 price objective on Palo Alto Networks in a research report on Tuesday, July 29th. Stephens reissued an "equal weight" rating and issued a $205.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Tigress Financial began coverage on Palo Alto Networks in a research note on Friday, September 26th. They issued a "buy" rating and a $245.00 target price for the company. 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. Finally, JMP Securities restated a "market outperform" rating and issued a $212.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Twenty-nine 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 company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $216.00.

Insider Activity

In other news, EVP Lee Klarich sold 120,774 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the sale, the executive vice president owned 149,190 shares in the company, valued at approximately $31,616,344.80. This represents a 44.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $202.16, for a total value of $141,512.00. Following the sale, the chief accounting officer owned 32,474 shares in the company, valued at $6,564,943.84. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,315,130 shares of company stock valued at $260,687,367. 2.50% of the stock is owned by company insiders.

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.

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