Dale Q Rice Investment Management Ltd Cuts Stock Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• Dale Q Rice Investment Management Ltd reduced its holdings in Palo Alto Networks, Inc. by 41.7% during the second quarter, now owning 2,100 shares worth approximately $404,000.
• The stock of Palo Alto Networks opened at $207.89 and has a market capitalization of $139.06 billion, with the firm recently reporting earnings and revenue exceeding analyst estimates.
• Insider selling has been significant, with executives selling over 1.3 million shares in the last quarter, leading to a decrease in their ownership stakes in the company.

Dale Q Rice Investment Management Ltd lowered its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 41.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,100 shares of the network technology company's stock after selling 1,500 shares during the quarter. Dale Q Rice Investment Management Ltd's holdings in Palo Alto Networks were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Palo Alto Networks during the 1st quarter valued at about $261,000. Strive Asset Management LLC boosted its stake in Palo Alto Networks by 16.6% in the 1st quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company's stock worth $358,000 after purchasing an additional 299 shares in the last quarter. GAMMA Investing LLC boosted its stake in Palo Alto Networks by 10.8% in the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock worth $2,410,000 after purchasing an additional 1,374 shares in the last quarter. Avity Investment Management Inc. lifted its stake in Palo Alto Networks by 37.9% during the 2nd quarter. Avity Investment Management Inc. now owns 181,691 shares of the network technology company's stock valued at $37,181,000 after acquiring an additional 49,971 shares during the period. Finally, Czech National Bank lifted its stake in shares of Palo Alto Networks by 6.4% in the 2nd quarter. Czech National Bank now owns 161,840 shares of the network technology company's stock valued at $33,119,000 after purchasing an additional 9,766 shares during the period. Hedge funds and other institutional investors own 79.82% of the company's stock.

Palo Alto Networks Stock Up 1.2%

Shares of Palo Alto Networks stock opened at $207.89 on Friday. The firm has a market capitalization of $139.06 billion, a P/E ratio of 129.53, a P/E/G ratio of 4.89 and a beta of 0.98. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $217.94. The firm's 50 day moving average is $196.80 and its two-hundred day moving average is $190.29.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating the consensus estimate 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 17.66%. The firm's revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 earnings per share. 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 expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the transaction, the executive vice president directly owned 96,135 shares in the company, valued at approximately $19,629,805.65. This trade represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Lee Klarich sold 120,774 shares of the firm's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the transaction, the executive vice president owned 149,190 shares in the company, valued at approximately $31,616,344.80. This trade represents a 44.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,315,130 shares of company stock valued at $260,687,367. 2.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PANW. Wedbush reiterated an "outperform" rating and issued a $225.00 target price on shares of Palo Alto Networks in a research note on Monday, September 15th. Royal Bank Of Canada reissued an "outperform" rating and issued a $232.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. BTIG Research raised shares of Palo Alto Networks from a "neutral" rating to a "buy" rating in a research report on Monday. Needham & Company LLC reissued a "buy" rating and set a $230.00 price target on shares of Palo Alto Networks in a research report on Wednesday, September 3rd. Finally, UBS Group set a $245.00 target price on shares of Palo Alto Networks in a research note on Friday, September 26th. Thirty 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, Palo Alto Networks currently has a consensus rating of "Moderate Buy" and a consensus 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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