Corient IA LLC Acquires Shares of 11,000 Palo Alto Networks, Inc. $PANW

Key Points

• Corient IA LLC invested approximately $1.88 million in Palo Alto Networks by acquiring 11,000 shares, making it the second largest position in their investment portfolio.
• Institutional investors collectively own 79.82% of Palo Alto Networks' stock, indicating significant institutional backing for the company.
• Research firms have varying ratings for Palo Alto Networks, with 26 analysts$217.79.

Corient IA LLC purchased a new position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,000 shares of the network technology company's stock, valued at approximately $1,877,000. Palo Alto Networks makes up 1.3% of Corient IA LLC's holdings, making the stock its 2nd largest holding.

A number of other institutional investors have also bought and sold shares of the business. Csenge Advisory Group lifted its holdings in shares of Palo Alto Networks by 2.4% in the 1st quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company's stock valued at $381,000 after acquiring an additional 53 shares during the last quarter. SYM FINANCIAL Corp increased its position in shares of Palo Alto Networks by 1.4% during the first quarter. SYM FINANCIAL Corp now owns 4,047 shares of the network technology company's stock worth $691,000 after acquiring an additional 55 shares during the period. Crew Capital Management Ltd. increased its position in shares of Palo Alto Networks by 2.5% during the first quarter. Crew Capital Management Ltd. now owns 2,310 shares of the network technology company's stock worth $394,000 after acquiring an additional 57 shares during the period. JDM Financial Group LLC increased its position in shares of Palo Alto Networks by 22.4% during the fourth quarter. JDM Financial Group LLC now owns 322 shares of the network technology company's stock worth $59,000 after acquiring an additional 59 shares during the period. Finally, Sage Mountain Advisors LLC increased its holdings in Palo Alto Networks by 1.5% during the first quarter. Sage Mountain Advisors LLC now owns 3,931 shares of the network technology company's stock valued at $671,000 after buying an additional 60 shares during the period. Hedge funds and other institutional investors own 79.82% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PANW. Westpark Capital reissued a "hold" rating on shares of Palo Alto Networks in a report on Tuesday. Truist Financial set a $220.00 target price on shares of Palo Alto Networks and gave the company a "buy" rating in a research report on Tuesday. DA Davidson restated a "buy" rating and set a $215.00 target price on shares of Palo Alto Networks in a research report on Tuesday. Wedbush reaffirmed an "outperform" rating and issued a $225.00 price objective on shares of Palo Alto Networks in a report on Tuesday. Finally, UBS Group set a $185.00 target price on shares of Palo Alto Networks and gave the stock a "neutral" rating in a research note on Tuesday, August 12th. Twenty-eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $211.52.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the sale, the executive vice president directly owned 101,135 shares in the company, valued at $20,414,099.75. This represents a 4.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Lee Klarich sold 120,774 shares of the 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 owned 206,718 shares in the company, valued at approximately $35,468,674.44. This trade represents a 36.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 669,248 shares of company stock worth $126,423,337 over the last 90 days. 2.50% of the stock is currently owned by corporate insiders.

Palo Alto Networks Price Performance

Shares of PANW stock traded up $3.3740 during trading hours on Wednesday, hitting $184.9340. The company had a trading volume of 11,007,435 shares, compared to its average volume of 6,447,921. The company's fifty day moving average is $191.31 and its 200 day moving average is $186.32. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $210.39. The stock has a market capitalization of $123.31 billion, a PE ratio of 115.31, a price-to-earnings-growth ratio of 4.33 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.06. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 18.55%. The firm's quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the business 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. Equities analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

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.