Envestnet Portfolio Solutions Inc. Sells 16,184 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Envestnet Portfolio Solutions Inc. has reduced its holdings in Palo Alto Networks by 17.9%, selling 16,184 shares during the quarter, leaving it with 74,416 shares valued at $15,228,000.
• Brokerage firms have shown optimism, with several upgrades in ratings and price targets for Palo Alto Networks, now averaging a "Moderate Buy" with a consensus price target of $216.00.
• Palo Alto Networks reported better-than-expected earnings, posting $0.95 EPS for the quarter, surpassing the estimate of $0.89, and showing a 15.8% year-over-year increase in revenue.

Envestnet Portfolio Solutions Inc. cut its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 17.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,416 shares of the network technology company's stock after selling 16,184 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Palo Alto Networks were worth $15,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of PANW. HWG Holdings LP bought a new stake in shares of Palo Alto Networks in the first quarter worth about $31,000. Dagco Inc. bought a new stake in shares of Palo Alto Networks in the first quarter worth about $33,000. WPG Advisers LLC purchased a new stake in Palo Alto Networks in the first quarter worth about $37,000. Strategic Investment Solutions Inc. IL lifted its holdings in Palo Alto Networks by 58.9% in the first quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock worth $38,000 after buying an additional 83 shares during the period. Finally, Stonebridge Financial Group LLC lifted its holdings in Palo Alto Networks by 46.8% in the first quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company's stock worth $40,000 after buying an additional 74 shares during the period. 79.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PANW. Scotiabank raised their price objective on shares of Palo Alto Networks from $225.00 to $228.00 and gave the stock a "sector outperform" rating in a report on Tuesday, August 19th. Bank of America upgraded shares of Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 price objective for the company in a report on Tuesday, August 19th. BTIG Research upgraded shares of Palo Alto Networks from a "neutral" rating to a "buy" rating in a report on Monday. Barclays restated an "overweight" rating and issued a $215.00 price objective (up from $210.00) on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $232.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Twenty-nine 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $216.00.

Palo Alto Networks Stock Performance

PANW stock opened at $213.28 on Tuesday. The firm has a 50 day moving average price of $193.79 and a 200-day moving average price of $189.56. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $217.94. The firm has a market capitalization of $142.66 billion, a price-to-earnings ratio of 132.88, a PEG ratio of 4.96 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) 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 firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the business earned $0.75 earnings per share. The business's revenue 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, sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity at Palo Alto Networks

In related news, EVP Nir Zuk sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the sale, the executive vice president owned 3,143,516 shares of the company's stock, valued at $543,199,564.80. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nikesh Arora sold 846,408 shares of the firm's stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the sale, the chief executive officer directly owned 275,013 shares of the company's stock, valued at $56,119,152.78. This trade represents a 75.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,315,130 shares of company stock valued at $260,687,367 over the last ninety days. Corporate insiders own 2.50% of the company's stock.

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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