Cyrus J. Lawrence LLC Cuts Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• Cyrus J. Lawrence LLC drastically reduced its holdings in Palo Alto Networks by 94.6%, now owning just 4,607 shares valued at approximately $786,000.
• Other hedge funds are actively adjusting their positions, with some buying new stakes and others increasing existing holdings in Palo Alto Networks.
• Palo Alto Networks had a positive quarterly earnings report, surpassing earnings estimates and reporting revenue growth of 15.8% year-over-year.

Cyrus J. Lawrence LLC cut its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 94.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,607 shares of the network technology company's stock after selling 80,971 shares during the quarter. Palo Alto Networks makes up about 3.0% of Cyrus J. Lawrence LLC's holdings, making the stock its 12th biggest position. Cyrus J. Lawrence LLC's holdings in Palo Alto Networks were worth $786,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Palo Alto Networks in the first quarter valued at approximately $261,000. GAMMA Investing LLC increased its holdings 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 acquiring an additional 1,374 shares during the period. Diligent Investors LLC increased its holdings 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 acquiring an additional 1,715 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Palo Alto Networks by 8.0% in 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. Finally, XTX Topco Ltd bought a new position in shares of Palo Alto Networks in the 1st quarter worth $316,000. Institutional investors own 79.82% of the company's stock.

Insider Activity at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of the business's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $201.85, for a total value of $1,009,250.00. Following the transaction, the executive vice president owned 101,135 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $195.14, for a total transaction of $23,567,838.36. Following the completion of the transaction, the executive vice president directly owned 264,246 shares in the company, valued at $51,564,964.44. This trade represents a 31.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 669,422 shares of company stock worth $126,452,337 over the last ninety days. 2.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PANW. Guggenheim increased their price target on shares of Palo Alto Networks from $130.00 to $135.00 and gave the stock a "sell" rating in a report on Tuesday, August 19th. Rosenblatt Securities dropped their price target on shares of Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating for the company in a research report on Thursday, August 14th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $232.00 target price on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Northland Securities dropped their target price 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. Finally, Wedbush reiterated an "outperform" rating and issued a $225.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Twenty-eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $211.52.

Palo Alto Networks Trading Down 0.3%

PANW opened at $190.52 on Friday. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $210.39. The company has a market cap of $127.04 billion, a price-to-earnings ratio of 118.70, a PEG ratio of 4.55 and a beta of 0.94. The company's 50 day moving average is $189.39 and its 200 day moving average is $186.10.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The company's revenue for the quarter 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, analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal 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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