Corebridge Financial Inc. Trims Stock Position in Palo Alto Networks, Inc. $PANW

Key Points

• Corebridge Financial Inc. has reduced its stake in Palo Alto Networks, Inc. by 2.1%, now owning 216,088 shares valued at approximately $36.87 million.
• Palo Alto Networks reported a quarterly earnings per share (EPS) of $0.95, exceeding analysts' expectations of $0.89, with revenue rising by 15.8% year-over-year to $2.54 billion.
• Insider trading activity saw significant sales, with executives Dipak Golechha and Lee Klarich selling a total of over 125,000 shares, indicating a decrease in their ownership stakes.

Corebridge Financial Inc. lessened its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,088 shares of the network technology company's stock after selling 4,588 shares during the period. Corebridge Financial Inc.'s holdings in Palo Alto Networks were worth $36,873,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital A Wealth Management LLC purchased a new stake in Palo Alto Networks during the 4th quarter worth approximately $29,000. HWG Holdings LP purchased a new stake in Palo Alto Networks during the 1st quarter worth approximately $31,000. Dagco Inc. purchased a new stake in Palo Alto Networks during the 1st quarter worth approximately $33,000. SWAN Capital LLC increased its stake in Palo Alto Networks by 100.0% during the 4th quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock worth $36,000 after buying an additional 100 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL increased its stake in Palo Alto Networks by 58.9% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock worth $38,000 after buying an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company's stock.

Palo Alto Networks Stock Performance

PANW opened at $185.88 on Monday. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $210.39. The stock has a market capitalization of $123.94 billion, a PE ratio of 115.81, a P/E/G ratio of 4.53 and a beta of 0.94. The business's 50 day moving average price is $190.61 and its 200 day moving average price is $186.32.

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 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 firm had revenue of $2.54 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. The firm's quarterly revenue was up 15.8% on a year-over-year basis. 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, equities research analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks 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 sale, the executive vice president owned 101,135 shares of the company's stock, valued at $20,414,099.75. The trade was a 4.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Lee Klarich sold 120,774 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $171.58, for a total value of $20,722,402.92. Following the sale, the executive vice president directly owned 206,718 shares in the company, valued at $35,468,674.44. This represents a 36.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 669,948 shares of company stock worth $126,552,277 in the last ninety days. 2.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on PANW. UBS Group set a $185.00 price objective on Palo Alto Networks and gave the stock a "neutral" rating in a research note on Tuesday, August 12th. Stephens reiterated an "equal weight" rating and set a $205.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. TD Securities restated a "buy" rating and issued a $230.00 price target on shares of Palo Alto Networks in a research report on Wednesday, May 21st. Wedbush restated an "outperform" rating and issued a $225.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Finally, Roth Capital began coverage on Palo Alto Networks in a research report on Thursday, May 15th. They issued a "neutral" rating and a $210.00 price target for the company. Twenty-eight investment 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, Palo Alto Networks currently has an average rating of "Moderate Buy" and an average target price of $211.52.

About Palo Alto Networks

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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