EFG Asset Management North America Corp. Has $4.09 Million Stake in Palo Alto Networks, Inc. $PANW

Key Points

• EFG Asset Management North America Corp. reduced its stake in Palo Alto Networks by 13.6%, holding 23,970 shares valued at approximately $4.09 million following the sale of 3,780 shares this quarter.
• Palo Alto Networks reported $0.95 earnings per share for the last quarter, surpassing analyst expectations and showing a revenue increase of 15.8% year-over-year.
• Brokerage firms have recently upgraded their ratings for Palo Alto Networks, with Piper Sandler raising its price target from $200 to $225, indicating growing confidence in the stock's future performance.

EFG Asset Management North America Corp. lessened its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 13.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,970 shares of the network technology company's stock after selling 3,780 shares during the quarter. EFG Asset Management North America Corp.'s holdings in Palo Alto Networks were worth $4,090,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PANW. Capital A Wealth Management LLC acquired a new stake in shares of Palo Alto Networks during the fourth quarter valued at about $29,000. HWG Holdings LP acquired a new position in Palo Alto Networks in the first quarter valued at approximately $31,000. Dagco Inc. acquired a new position in shares of Palo Alto Networks during the first quarter valued at about $33,000. SWAN Capital LLC raised its stake in Palo Alto Networks by 100.0% during the 4th quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock worth $36,000 after buying an additional 100 shares during the period. Finally, WPG Advisers LLC acquired a new position in shares of Palo Alto Networks during the first quarter worth approximately $37,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 transaction of $1,009,250.00. Following the completion of the transaction, the executive vice president directly owned 101,135 shares in the company, valued at $20,414,099.75. The trade was a 4.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Josh D. Paul sold 800 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $201.05, for a total transaction of $160,840.00. Following the transaction, the chief accounting officer owned 42,033 shares of the company's stock, valued at $8,450,734.65. This trade represents a 1.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 448,648 shares of company stock worth $83,548,499 in the last three months. Insiders own 2.50% of the company's stock.

Palo Alto Networks Stock Performance

Shares of NASDAQ PANW opened at $191.53 on Thursday. The stock has a market cap of $127.71 billion, a PE ratio of 119.33, a price-to-earnings-growth ratio of 4.55 and a beta of 0.98. 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 fifty day moving average of $188.66 and a 200-day moving average of $185.99.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The company's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. On average, sell-side analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PANW. Piper Sandler raised Palo Alto Networks from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $200.00 to $225.00 in a research note on Tuesday, August 12th. Scotiabank raised their price target on shares of Palo Alto Networks from $225.00 to $228.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 19th. Truist Financial set a $220.00 price target on shares of Palo Alto Networks and gave the stock a "buy" rating in a research note on Tuesday, August 19th. DA Davidson reissued a "buy" rating and issued a $215.00 target price on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Finally, JMP Securities reissued a "market outperform" rating and issued a $212.00 target price on shares of Palo Alto Networks in a research report 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $211.68.

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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