FNY Investment Advisers LLC Sells 7,046 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• FNY Investment Advisers cut its Palo Alto Networks stake by 70% in the second quarter, selling 7,046 shares and retaining 3,020 shares worth approximately $1.03 million.
• Institutional ownership remains high at 79.82%, with major investors including Vanguard, State Street, Bank of America, Geode Capital and Norges Bank holding substantial positions.
• Palo Alto Networks reported quarterly revenue of $3 billion, up 31.1% year over year, and earnings of $0.85 per share, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus, with an average price target of $333.76.

FNY Investment Advisers LLC cut its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 70.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,020 shares of the network technology company's stock after selling 7,046 shares during the period. FNY Investment Advisers LLC's holdings in Palo Alto Networks were worth $1,029,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Palo Alto Networks by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company's stock valued at $12,512,533,000 after acquiring an additional 2,659,100 shares during the last quarter. State Street Corp raised its holdings in shares of Palo Alto Networks by 2.0% during the fourth quarter. State Street Corp now owns 30,331,705 shares of the network technology company's stock valued at $5,587,100,000 after purchasing an additional 594,789 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Palo Alto Networks by 16.0% during the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company's stock valued at $3,603,473,000 after purchasing an additional 3,101,267 shares during the last quarter. Geode Capital Management LLC lifted its position in Palo Alto Networks by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company's stock valued at $2,934,935,000 after purchasing an additional 540,756 shares during the period. Finally, Norges Bank bought a new position in Palo Alto Networks during the fourth quarter valued at approximately $1,415,364,000. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Stock Performance

Shares of NASDAQ PANW opened at $359.49 on Friday. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $376.98. The firm 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. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $316.24 and a 200 day moving average of $227.25.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the firm earned $0.37 earnings per share. The company's quarterly revenue was up 31.1% on a year-over-year basis. 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. On average, research analysts anticipate that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 900 shares of the business's stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total transaction of $310,500.00. Following the completion of the sale, the chief accounting officer owned 79,644 shares of the company's stock, valued at approximately $27,477,180. The trade was a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Helle Thorning-Schmidt sold 700 shares of the firm's stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total value of $242,795.00. Following the completion of the transaction, the director directly owned 5,898 shares in the company, valued at $2,045,721.30. This trade represents a 10.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 101,239 shares of company stock valued at $27,174,360 in the last ninety days. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PANW has been the topic of several research reports. Cantor Fitzgerald set a $340.00 target price on shares of Palo Alto Networks and gave the stock an "overweight" rating in a report on Wednesday, June 3rd. Wells Fargo & Company increased their price target on Palo Alto Networks from $325.00 to $420.00 and gave the company an "overweight" rating in a report on Wednesday, July 1st. Truist Financial raised their price target on Palo Alto Networks from $275.00 to $375.00 and gave the stock a "buy" rating in a research note on Wednesday, June 3rd. Susquehanna restated a "positive" rating and issued a $350.00 price target (up from $200.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Finally, Weiss Ratings lowered Palo Alto Networks from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $333.76.

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.

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