Exchange Traded Concepts LLC Raises Stock Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• Exchange Traded Concepts LLC increased its stake in Palo Alto Networks by 14.9% during the second quarter, owning a total of 24,854 shares worth approximately $5.09 million.
• A significant number of institutional investors, including Bigelow Investment Advisors LLC and Family Legacy Financial Solutions LLC, have also adjusted their holdings in Palo Alto Networks, contributing to 79.82% of the company's ownership.
• Palo Alto Networks reported a 15.8% year-over-year revenue increase, generating $2.54 billion in the last quarter, with an earnings per share (EPS) of $0.95 surpassing analysts' expectations.

Exchange Traded Concepts LLC boosted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 14.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,854 shares of the network technology company's stock after buying an additional 3,230 shares during the quarter. Exchange Traded Concepts LLC's holdings in Palo Alto Networks were worth $5,086,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Palo Alto Networks during the 1st quarter worth approximately $261,000. Strive Asset Management LLC raised its position in Palo Alto Networks by 16.6% during the 1st quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company's stock worth $358,000 after buying an additional 299 shares during the last quarter. GAMMA Investing LLC raised its position in Palo Alto Networks by 10.8% during the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock worth $2,410,000 after buying an additional 1,374 shares during the last quarter. Czech National Bank increased its holdings in shares of Palo Alto Networks by 6.4% during the 2nd quarter. Czech National Bank now owns 161,840 shares of the network technology company's stock valued at $33,119,000 after purchasing an additional 9,766 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Palo Alto Networks by 8.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 137,663 shares of the network technology company's stock valued at $23,491,000 after purchasing an additional 10,180 shares in the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Price Performance

NASDAQ PANW traded up $2.51 on Friday, hitting $208.19. The company had a trading volume of 8,643,982 shares, compared to its average volume of 5,444,992. The company has a market capitalization of $139.26 billion, a PE ratio of 129.71, a PEG ratio of 4.96 and a beta of 0.98. The company's fifty day moving average price is $188.60 and its 200-day moving average price is $186.53. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $210.39.

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

Wall Street Analysts Forecast Growth

PANW has been the subject of several recent research reports. Truist Financial set a $220.00 target price on shares of Palo Alto Networks and gave the company a "buy" rating in a report on Tuesday, August 19th. DA Davidson reaffirmed a "buy" rating and set a $215.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Guggenheim lifted their target price on shares of Palo Alto Networks from $130.00 to $135.00 and gave the company a "sell" rating in a report on Tuesday, August 19th. Sanford C. Bernstein set a $207.00 target price on shares of Palo Alto Networks and gave the company an "outperform" rating in a report on Tuesday, August 19th. Finally, Stephens reaffirmed an "equal weight" rating and set a $205.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Twenty-nine research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $212.39.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the sale, the executive vice president owned 177,954 shares of the company's stock, valued at $34,008,788.94. The trade was a 40.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $184.20, for a total transaction of $128,940.00. Following the sale, the chief accounting officer directly owned 37,723 shares in the company, valued at approximately $6,948,576.60. This trade represents a 1.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 568,622 shares of company stock worth $106,468,778. Company 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.