Calamos Wealth Management LLC Lowers Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• Calamos Wealth Management LLC significantly reduced its holdings in Palo Alto Networks by 97.7% during Q2, selling 89,919 shares and holding just 2,081 shares valued at $426,000.
• Insider trades include sales of substantial shares by executives, with EVP Nir Zuk selling 100,000 shares for $17.28 million and CEO Nikesh Arora selling 846,408 shares for approximately $172.7 million.
• Analysts maintain a positive outlook on Palo Alto Networks, with 30 rating it as a Buy and an average price target of $216.60.

Calamos Wealth Management LLC decreased its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 97.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,081 shares of the network technology company's stock after selling 89,919 shares during the quarter. Calamos Wealth Management LLC's holdings in Palo Alto Networks were worth $426,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Chicago Partners Investment Group LLC boosted its stake in shares of Palo Alto Networks by 24.1% in the second quarter. Chicago Partners Investment Group LLC now owns 4,984 shares of the network technology company's stock worth $993,000 after buying an additional 969 shares during the last quarter. John G Ullman & Associates Inc. boosted its stake in shares of Palo Alto Networks by 15.3% in the second quarter. John G Ullman & Associates Inc. now owns 2,256 shares of the network technology company's stock worth $462,000 after buying an additional 300 shares during the last quarter. Joseph P. Lucia & Associates LLC purchased a new stake in shares of Palo Alto Networks in the second quarter worth about $228,000. International Assets Investment Management LLC boosted its stake in shares of Palo Alto Networks by 12.6% in the second quarter. International Assets Investment Management LLC now owns 21,534 shares of the network technology company's stock worth $4,407,000 after buying an additional 2,412 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in shares of Palo Alto Networks in the second quarter worth about $321,000. 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, EVP Nir Zuk sold 100,000 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the transaction, the executive vice president owned 3,143,516 shares of the company's stock, valued at $543,199,564.80. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nikesh Arora sold 846,408 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total value of $172,718,016.48. Following the transaction, the chief executive officer directly owned 275,013 shares of the company's stock, valued at $56,119,152.78. The trade was a 75.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,315,130 shares of company stock valued at $260,687,367. 2.50% of the stock is owned by insiders.

Palo Alto Networks Price Performance

Shares of Palo Alto Networks stock opened at $207.89 on Monday. The business has a 50 day simple moving average of $196.80 and a two-hundred day simple moving average of $190.59. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $217.94. The stock has a market capitalization of $139.06 billion, a P/E ratio of 129.53, a PEG ratio of 4.94 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its earnings results 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. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The business had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The business's revenue 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. As a group, research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PANW shares. Tigress Financial started coverage on Palo Alto Networks in a research note on Friday, September 26th. They issued a "buy" rating and a $245.00 target price on the stock. Needham & Company LLC reiterated a "buy" rating and set a $230.00 price target on shares of Palo Alto Networks in a research report on Wednesday, September 3rd. JMP Securities reiterated a "market outperform" rating and set a $212.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Cantor Fitzgerald reiterated an "overweight" rating and set a $223.00 price target on shares of Palo Alto Networks in a research report on Friday, August 15th. Finally, Guggenheim increased their price target on Palo Alto Networks from $130.00 to $135.00 and gave the stock a "sell" rating in a research report on Tuesday, August 19th. Thirty investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Palo Alto Networks currently has an average rating of "Moderate Buy" and an average target price of $216.60.

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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