Global X Japan Co. Ltd. Sells 92,392 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Global X Japan Co. Ltd. significantly reduced its stake in Palo Alto Networks, Inc., selling 92,392 shares and holding just 141 shares afterwards, reflecting a 99.8% decrease in holdings.
• Several institutional investors, including Nuveen LLC and GAMMA Investing LLC, made large investments in Palo Alto Networks during the past quarters, increasing overall institutional ownership to approximately 79.82% of the company.
• Palo Alto Networks recently reported a quarterly earnings per share (EPS) of $0.95, surpassing analysts' expectations, and is projected to achieve a consensus EPS of approximately 1.76 for the current year.

Global X Japan Co. Ltd. trimmed its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 99.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141 shares of the network technology company's stock after selling 92,392 shares during the period. Global X Japan Co. Ltd.'s holdings in Palo Alto Networks were worth $29,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. St. Clair Advisors LLC raised its stake in shares of Palo Alto Networks by 0.3% in the 2nd quarter. St. Clair Advisors LLC now owns 15,800 shares of the network technology company's stock valued at $3,233,000 after acquiring an additional 50 shares in the last quarter. Csenge Advisory Group lifted its holdings in Palo Alto Networks by 2.4% in the 1st quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company's stock worth $381,000 after purchasing an additional 53 shares during the last quarter. GSG Advisors LLC lifted its holdings in Palo Alto Networks by 0.4% in the 1st quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company's stock worth $2,154,000 after purchasing an additional 54 shares during the last quarter. SYM FINANCIAL Corp lifted its holdings in Palo Alto Networks by 1.4% in the 1st quarter. SYM FINANCIAL Corp now owns 4,047 shares of the network technology company's stock worth $691,000 after purchasing an additional 55 shares during the last quarter. Finally, Crew Capital Management Ltd. lifted its holdings in Palo Alto Networks by 2.5% in the 1st quarter. Crew Capital Management Ltd. now owns 2,310 shares of the network technology company's stock worth $394,000 after purchasing an additional 57 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Trading Down 0.0%

PANW stock traded down $0.01 during trading on Monday, hitting $208.18. The company had a trading volume of 5,465,346 shares, compared to its average volume of 6,405,685. The company has a fifty day moving average price of $188.60 and a two-hundred day moving average price of $186.59. The company has a market cap of $139.25 billion, a P/E ratio of 129.71, a P/E/G ratio of 4.96 and a beta of 0.98. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two 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 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion for 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 firm 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, analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Activity at Palo Alto Networks

In related news, CAO Josh D. Paul sold 700 shares of the business's stock in a transaction 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 sale, the chief accounting officer owned 37,723 shares of the company's stock, valued at $6,948,576.60. The trade was a 1.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the executive vice president owned 3,143,516 shares of the company's stock, valued at approximately $543,199,564.80. The trade was a 3.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 563,622 shares of company stock valued at $105,459,528 in the last 90 days. 2.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PANW shares. Sanford C. Bernstein set a $207.00 target price on Palo Alto Networks and gave the company an "outperform" rating in a report on Tuesday, August 19th. Truist Financial set a $220.00 target price on Palo Alto Networks and gave the company a "buy" rating in a report on Tuesday, August 19th. Rosenblatt Securities lowered their target price on Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday, August 14th. Guggenheim raised their target price on Palo Alto Networks from $130.00 to $135.00 and gave the company a "sell" rating in a report on Tuesday, August 19th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $215.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Twenty-nine investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $212.39.

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.