Evergreen Capital Management LLC Sells 2,833 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Evergreen Capital Management LLC reduced its stake in Palo Alto Networks by 4.4%, selling 2,833 shares, leaving it with 62,253 shares valued at approximately $10.6 million.
• Palo Alto Networks reported a quarterly EPS of $0.95, exceeding analyst expectations, with revenues of $2.54 billion, reflecting a 15.8% year-over-year increase.
• Institutional investors hold about 79.82% of Palo Alto Networks' stock, indicating strong backing from financial institutions amidst variable investor actions.

Evergreen Capital Management LLC trimmed its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,253 shares of the network technology company's stock after selling 2,833 shares during the quarter. Evergreen Capital Management LLC's holdings in Palo Alto Networks were worth $10,623,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC bought a new position in Palo Alto Networks during the fourth quarter worth $29,000. HWG Holdings LP bought a new stake in shares of Palo Alto Networks in the first quarter valued at about $31,000. Dagco Inc. bought a new stake in shares of Palo Alto Networks in the first quarter valued at about $33,000. SWAN Capital LLC boosted its position in shares of Palo Alto Networks by 100.0% in the fourth quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock valued at $36,000 after acquiring an additional 100 shares during the period. Finally, Glen Eagle Advisors LLC boosted its position in shares of Palo Alto Networks by 100.0% in the fourth quarter. Glen Eagle Advisors LLC now owns 212 shares of the network technology company's stock valued at $39,000 after acquiring an additional 106 shares during the period. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Stock Performance

Palo Alto Networks stock opened at $191.02 on Friday. The stock has a market capitalization of $127.37 billion, a price-to-earnings ratio of 119.02, a PEG ratio of 4.59 and a beta of 0.94. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $210.39. The stock's 50 day moving average price is $189.57 and its two-hundred day moving average price is $186.21.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $2.54 billion for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business 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, equities research analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction on Friday, August 1st. The shares were sold at an average price of $172.80, for a total value 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 approximately $543,199,564.80. This trade represents a 3.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $184.20, for a total transaction of $128,940.00. Following the completion of the sale, the chief accounting officer directly owned 37,723 shares of the company's stock, valued at approximately $6,948,576.60. The trade was a 1.82% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 669,422 shares of company stock worth $126,452,337. 2.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein set a $207.00 target price on shares of Palo Alto Networks and gave the company an "outperform" rating in a research report on Tuesday, August 19th. BMO Capital Markets boosted their price target on Palo Alto Networks from $217.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Roth Capital began coverage on Palo Alto Networks in a research note on Thursday, May 15th. They set a "neutral" rating and a $210.00 target price for the company. Guggenheim upped their price objective on Palo Alto Networks from $130.00 to $135.00 and gave the company a "sell" rating in a research note on Tuesday, August 19th. Finally, Northland Securities lowered their price objective on Palo Alto Networks from $210.00 to $177.00 and set a "market perform" rating for the company in a research note on Wednesday, May 21st. Twenty-eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Palo Alto Networks presently has an average rating of "Moderate Buy" and a consensus target price of $211.52.

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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