Fox Hill Wealth Management Sells 163,746 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Fox Hill Wealth Management has significantly reduced its stake in Palo Alto Networks, selling 163,746 shares and holding just 12,315 shares, worth approximately $2.52 million, representing 1.3% of its investment portfolio.
• Palo Alto Networks has recently reported strong quarterly earnings, with earnings per share of $0.95, exceeding analyst expectations, and a revenue of $2.54 billion, a year-on-year increase of 15.8%.
• The stock has a current market capitalization of $131.30 billion and analysts maintain a consensus rating of "Moderate Buy" with a target price around $211.68.

Fox Hill Wealth Management trimmed its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 93.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,315 shares of the network technology company's stock after selling 163,746 shares during the quarter. Palo Alto Networks comprises about 1.3% of Fox Hill Wealth Management's investment portfolio, making the stock its 22nd biggest position. Fox Hill Wealth Management's holdings in Palo Alto Networks were worth $2,520,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PANW. Nuveen LLC bought a new stake in Palo Alto Networks during the first quarter worth approximately $810,047,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Palo Alto Networks by 92.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,951,283 shares of the network technology company's stock worth $1,082,895,000 after acquiring an additional 2,862,718 shares during the last quarter. GAMMA Investing LLC increased its stake in Palo Alto Networks by 18,802.8% during the first quarter. GAMMA Investing LLC now owns 2,410,290 shares of the network technology company's stock worth $411,292,000 after acquiring an additional 2,397,539 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Palo Alto Networks by 41.9% during the first quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company's stock worth $1,234,650,000 after acquiring an additional 2,134,735 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Palo Alto Networks by 77.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company's stock worth $662,000,000 after acquiring an additional 1,688,432 shares during the last quarter. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Stock Performance

Shares of NASDAQ PANW opened at $196.29 on Friday. The firm has a market capitalization of $131.30 billion, a price-to-earnings ratio of 122.30, a PEG ratio of 4.73 and a beta of 0.98. The stock has a 50 day moving average price of $188.03 and a 200 day moving average price of $185.91. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. The firm 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%.Palo Alto Networks's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PANW has been the topic of several analyst reports. Piper Sandler raised Palo Alto Networks from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $200.00 to $225.00 in a research note on Tuesday, August 12th. Sanford C. Bernstein set a $207.00 price objective on Palo Alto Networks and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Rosenblatt Securities cut their target price on Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating on the stock in a research note on Thursday, August 14th. DA Davidson reaffirmed a "buy" rating and set a $215.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, TD Securities reaffirmed a "buy" rating and set a $230.00 target price on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Twenty-eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $211.68.

Insider Transactions at Palo Alto Networks

In related news, CAO Josh D. Paul sold 700 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $184.20, for a total value of $128,940.00. Following the completion of the sale, the chief accounting officer owned 37,723 shares in the company, valued at approximately $6,948,576.60. The trade was a 1.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $201.85, for a total value of $1,009,250.00. Following the sale, the executive vice president owned 101,135 shares of the company's stock, valued at approximately $20,414,099.75. This represents a 4.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 569,422 shares of company stock worth $106,629,618 over the last three months. Company insiders own 2.50% of the company's stock.

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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