Dynamic Advisor Solutions LLC Sells 12,725 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Dynamic Advisor Solutions LLC cut its Palo Alto Networks position by 40.1%, selling 12,725 shares in the second quarter and retaining 18,998 shares valued at approximately $6.48 million. Institutional investors collectively own 79.82% of PANW.
• Analysts remain broadly bullish, with a consensus rating of “Moderate Buy” and an average price target of $333.76, despite PANW opening at $359.49 and trading near its 52-week high.
• Palo Alto Networks exceeded quarterly expectations with $0.85 in EPS versus $0.79 expected and $3 billion in revenue, up 31.1% year over year. Insiders have sold 101,239 shares worth approximately $27.17 million over the past 90 days.

Dynamic Advisor Solutions LLC lowered its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 40.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,998 shares of the network technology company's stock after selling 12,725 shares during the period. Dynamic Advisor Solutions LLC's holdings in Palo Alto Networks were worth $6,479,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC boosted its stake in shares of Palo Alto Networks by 147.7% in the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock valued at $1,230,000 after purchasing an additional 4,031 shares in the last quarter. Bison Wealth LLC lifted its stake in Palo Alto Networks by 169.1% in the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock valued at $948,000 after purchasing an additional 3,275 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Palo Alto Networks by 66.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company's stock valued at $713,000 after purchasing an additional 1,389 shares during the last quarter. Osterweis Capital Management Inc. boosted its position in Palo Alto Networks by 11,100.0% in the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company's stock valued at $115,000 after buying an additional 555 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its stake in shares of Palo Alto Networks by 6.0% during the second quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company's stock worth $900,000 after buying an additional 249 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PANW has been the subject of several research analyst reports. Rosenblatt Securities upped their price target on shares of Palo Alto Networks from $275.00 to $355.00 and gave the stock a "buy" rating in a report on Wednesday, June 3rd. Scotiabank restated a "sector outperform" rating and set a $320.00 price objective (up from $180.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Morgan Stanley reaffirmed an "overweight" rating and issued a $387.00 target price (up from $320.00) on shares of Palo Alto Networks in a report on Tuesday, July 21st. Royal Bank Of Canada increased their target price on Palo Alto Networks from $255.00 to $330.00 and gave the company an "outperform" rating in a research report on Wednesday, June 3rd. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $330.00 price target on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $333.76.

Palo Alto Networks Price Performance

Shares of PANW opened at $359.49 on Friday. The business has a 50-day moving average of $316.24 and a 200-day moving average of $227.25. 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 company has a market capitalization of $292.98 billion, a price-to-earnings ratio of 294.66, a price-to-earnings-growth ratio of 12.19 and a beta of 0.91. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $376.98.

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, beating the consensus estimate of $0.79 by $0.06. The business had revenue of $3 billion for 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 firm's revenue was up 31.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. 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, equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Josh D. Paul sold 900 shares of the company's stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total value of $310,500.00. Following the sale, the chief accounting officer directly owned 79,644 shares of the company's stock, valued at approximately $27,477,180. This represents a 1.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the sale, the executive vice president 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 SEC filing for this sale provides additional information. In the last 90 days, insiders sold 101,239 shares of company stock worth $27,174,360. Corporate insiders own 1.40% of the company's stock.

Palo Alto Networks Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source