Palo Alto Networks, Inc. $PANW Position Lessened by Banque Transatlantique SA

Key Points

• Banque Transatlantique SA has reduced its holdings in Palo Alto Networks, Inc. by 11.6% during the first quarter, selling 18,957 shares, which leaves them with a total of 144,841 shares valued at approximately $22.84 million.
• Analyst ratings indicate strong support for Palo Alto Networks, with 28 analysts rating the stock as a Buy and a consensus price target set at $211.68.
• Palo Alto Networks recently reported better-than-expected earnings, with a quarterly revenue increase of 15.8% year-over-year and an EPS of $0.95, surpassing estimates.

Banque Transatlantique SA cut its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 11.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,841 shares of the network technology company's stock after selling 18,957 shares during the quarter. Banque Transatlantique SA's holdings in Palo Alto Networks were worth $22,840,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Palo Alto Networks by 147.7% in the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock valued at $1,230,000 after buying an additional 4,031 shares in the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of Palo Alto Networks by 115.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 43,985 shares of the network technology company's stock valued at $8,004,000 after buying an additional 23,586 shares in the last quarter. Bison Wealth LLC grew its stake in shares of Palo Alto Networks by 169.1% in the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock valued at $948,000 after buying an additional 3,275 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in shares of Palo Alto Networks by 152.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 6,240 shares of the network technology company's stock valued at $1,135,000 after buying an additional 3,764 shares in the last quarter. Finally, Ancora Advisors LLC grew its stake in shares of Palo Alto Networks by 125.7% in the fourth quarter. Ancora Advisors LLC now owns 2,243 shares of the network technology company's stock valued at $408,000 after buying an additional 1,249 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Trading Up 0.4%

PANW stock traded up $0.82 during midday trading on Thursday, hitting $192.35. 5,854,864 shares of the company's stock were exchanged, compared to its average volume of 9,736,695. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $210.39. The firm has a 50 day moving average price of $188.46 and a 200-day moving average price of $185.94. The stock has a market capitalization of $128.66 billion, a price-to-earnings ratio of 119.84, a price-to-earnings-growth ratio of 4.58 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping the consensus estimate 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 return on equity of 17.66% and a net margin of 12.30%.The business's revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the firm earned $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. On average, sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PANW shares. Stephens reiterated an "equal weight" rating and issued a $205.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. TD Securities reiterated a "buy" rating and issued a $230.00 target price on shares of Palo Alto Networks in a research note on Wednesday, May 21st. JMP Securities reiterated 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. KeyCorp lowered Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a research note on Thursday, July 31st. Finally, Rosenblatt Securities lowered their target price on 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. 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 stock. Based on data from MarketBeat, Palo Alto Networks presently has a consensus rating of "Moderate Buy" and an average price target of $211.68.

Insider Transactions at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $171.58, for a total transaction of $20,722,402.92. Following the sale, the executive vice president directly owned 206,718 shares of the company's stock, valued at approximately $35,468,674.44. This represents a 36.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the company's 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 sale, the executive vice president directly owned 101,135 shares in the company, valued at approximately $20,414,099.75. This represents a 4.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 448,648 shares of company stock valued at $83,548,499. 2.50% of the stock is currently owned by insiders.

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.