DRW Securities LLC Sells 3,625 Shares of Palo Alto Networks, Inc. $PANW

DRW Securities LLC trimmed its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 66.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,834 shares of the network technology company's stock after selling 3,625 shares during the quarter. DRW Securities LLC's holdings in Palo Alto Networks were worth $313,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital A Wealth Management LLC bought a new stake in shares of Palo Alto Networks during the 4th quarter valued at $29,000. HWG Holdings LP bought a new stake in shares of Palo Alto Networks during the 1st quarter valued at $31,000. Dagco Inc. bought a new stake in shares of Palo Alto Networks during the 1st quarter valued at $33,000. SWAN Capital LLC grew its position in Palo Alto Networks by 100.0% during the fourth 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, Glen Eagle Advisors LLC grew its position in Palo Alto Networks by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 212 shares of the network technology company's stock worth $39,000 after buying an additional 106 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Insider Transactions at Palo Alto Networks

In other news, CAO Josh D. Paul sold 800 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $201.05, for a total value of $160,840.00. Following the completion of the sale, the chief accounting officer owned 42,033 shares of the company's stock, valued at approximately $8,450,734.65. The trade was a 1.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dipak Golechha sold 5,000 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 101,135 shares of the company's stock, valued at approximately $20,414,099.75. This trade represents a 4.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 569,422 shares of company stock valued at $107,116,337 over the last quarter. 2.50% of the stock is owned by company insiders.

Palo Alto Networks Trading Down 0.3%

PANW opened at $190.52 on Tuesday. The stock has a 50-day moving average price of $189.14 and a 200-day moving average price of $185.92. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $210.39. The stock has a market capitalization of $127.04 billion, a P/E ratio of 118.70, a PEG ratio of 4.55 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings data 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. 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 during the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the prior year, the business earned $0.75 EPS. The company's revenue for the quarter was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PANW. Roth Capital began coverage on Palo Alto Networks in a research report on Thursday, May 15th. They set a "neutral" rating and a $210.00 target price for the company. KeyCorp cut Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. reduced their target price on Palo Alto Networks from $225.00 to $221.00 and set an "overweight" rating for the company in a research report on Wednesday, May 21st. JMP Securities restated a "market outperform" rating and set a $212.00 target price on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Finally, UBS Group set a $185.00 target price on Palo Alto Networks and gave the stock a "neutral" rating in a research report on Tuesday, August 12th. Twenty-eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.

Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.