Caisse DE Depot ET Placement DU Quebec Reduces Position in Palo Alto Networks, Inc. $PANW

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in Palo Alto Networks by 24.1%, now holding 294,333 shares worth approximately $50.2 million after selling 93,368 shares in the first quarter.
• Several large investors have recently altered their positions, with Connor Clark & Lunn Investment Management and Rehmann Capital Advisory Group making new or increasing investments in Palo Alto Networks stock.
• Palo Alto Networks reported an EPS of $0.95 for the last quarter, exceeding analyst expectations, while also projecting FY 2026 EPS guidance between 3.750 to 3.850.

Caisse DE Depot ET Placement DU Quebec lessened its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 24.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 294,333 shares of the network technology company's stock after selling 93,368 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Palo Alto Networks were worth $50,225,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Palo Alto Networks during the 1st quarter worth approximately $261,000. Rehmann Capital Advisory Group grew its position in Palo Alto Networks by 106.4% during the 4th quarter. Rehmann Capital Advisory Group now owns 2,378 shares of the network technology company's stock worth $433,000 after purchasing an additional 1,226 shares during the last quarter. GAMMA Investing LLC grew its position in Palo Alto Networks by 10.8% during the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock worth $2,410,000 after purchasing an additional 1,374 shares during the last quarter. Diligent Investors LLC raised its position in Palo Alto Networks by 100.0% during the 4th quarter. Diligent Investors LLC now owns 3,430 shares of the network technology company's stock worth $624,000 after buying an additional 1,715 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Palo Alto Networks by 8.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 137,663 shares of the network technology company's stock worth $23,491,000 after buying an additional 10,180 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PANW shares. Needham & Company LLC reissued a "buy" rating and set a $230.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 19th. DA Davidson reissued a "buy" rating and set a $215.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Northland Securities reduced their price target on shares of Palo Alto Networks from $210.00 to $177.00 and set a "market perform" rating for the company in a research report on Wednesday, May 21st. Jefferies Financial Group set a $235.00 price target on shares of Palo Alto Networks in a research report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Palo Alto Networks from $225.00 to $221.00 and set an "overweight" rating for the company in a research report on Wednesday, May 21st. Twenty-eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Palo Alto Networks currently has an average rating of "Moderate Buy" and a consensus price target of $211.52.

Insiders Place Their Bets

In other news, EVP Dipak Golechha sold 5,000 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $201.85, for a total value of $1,009,250.00. Following the completion of the sale, the executive vice president directly owned 101,135 shares in the company, valued at $20,414,099.75. The trade was a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Josh D. Paul sold 700 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $184.20, for a total value of $128,940.00. Following the completion of the sale, the chief accounting officer owned 37,723 shares of the company's stock, valued at $6,948,576.60. This trade represents a 1.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 669,948 shares of company stock valued at $126,552,277 over the last ninety days. 2.50% of the stock is owned by corporate insiders.

Palo Alto Networks Trading Down 0.7%

Palo Alto Networks stock opened at $184.55 on Tuesday. The firm has a market cap of $123.06 billion, a PE ratio of 114.98, a P/E/G ratio of 4.53 and a beta of 0.94. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $210.39. The stock's 50 day simple moving average is $190.34 and its two-hundred day simple moving average is $186.25.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. The business had revenue of $2.54 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business 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 research analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

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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