CoreCap Advisors LLC Lowers Stock Position in Palo Alto Networks, Inc. $PANW

Key Points

• CoreCap Advisors cut its Palo Alto Networks position by 75.2% in the second quarter, selling 11,785 shares and retaining 3,880 shares valued at approximately $1.32 million. Institutional investors collectively own 79.82% of PANW.
• Palo Alto Networks reported quarterly EPS of $0.85, beating estimates by $0.06, while revenue reached $3 billion and grew 31.1% year over year. Shares opened at $363.86, near their 52-week high, with a market capitalization of about $296.6 billion.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $333.76, although recent targets range as high as $433. Insiders have sold 101,239 shares worth $27.2 million over the past three months.

CoreCap Advisors LLC lessened its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 75.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,880 shares of the network technology company's stock after selling 11,785 shares during the quarter. CoreCap Advisors LLC's holdings in Palo Alto Networks were worth $1,323,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PANW. Darwin Wealth Management LLC purchased a new position in shares of Palo Alto Networks in the 2nd quarter worth about $25,000. Steph & Co. raised its holdings in Palo Alto Networks by 88.2% in the fourth quarter. Steph & Co. now owns 143 shares of the network technology company's stock worth $26,000 after buying an additional 67 shares during the last quarter. Knuff & Co LLC bought a new position in shares of Palo Alto Networks in the fourth quarter worth approximately $26,000. Sittner & Nelson LLC grew its holdings in shares of Palo Alto Networks by 73.8% during the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company's stock valued at $27,000 after buying an additional 62 shares during the last quarter. Finally, Luken Investment Analytics LLC grew its holdings in shares of Palo Alto Networks by 196.2% during the fourth quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company's stock valued at $28,000 after buying an additional 102 shares during the last quarter. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Trading Up 1.2%

Shares of NASDAQ PANW opened at $363.86 on Friday. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $376.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The business's 50 day moving average is $317.88 and its two-hundred day moving average is $228.20. The stock has a market capitalization of $296.55 billion, a P/E ratio of 298.25, a PEG ratio of 12.06 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The company's quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. As a group, research analysts expect that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on PANW. Stephens boosted their target price on Palo Alto Networks from $180.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 3rd. Wells Fargo & Company lifted their price target on shares of Palo Alto Networks from $325.00 to $420.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 1st. Arete Research boosted their price objective on shares of Palo Alto Networks from $185.00 to $433.00 and gave the company a "buy" rating in a report on Monday, June 29th. Capital One Financial set a $421.00 price objective on shares of Palo Alto Networks and gave the company an "overweight" rating in a research report on Thursday, July 16th. Finally, Cantor Fitzgerald set a $340.00 target price on shares of Palo Alto Networks and gave the stock an "overweight" rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Palo Alto Networks has an average rating of "Moderate Buy" and an average target price of $333.76.

Insider Activity

In related news, Director Helle Thorning-Schmidt sold 700 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total value of $242,795.00. Following the transaction, the director owned 5,898 shares of the company's stock, valued at $2,045,721.30. This represents a 10.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total value of $1,447,800.00. Following the sale, the executive vice president directly owned 145,250 shares of the company's stock, valued at approximately $42,058,590. This trade represents a 3.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 101,239 shares of company stock valued at $27,174,360. Insiders own 1.40% of the company's stock.

Palo Alto Networks Profile

Palo Alto Networks NASDAQ: PANW is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company's product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.

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