Great Lakes Advisors LLC Sells 5,111 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Great Lakes Advisors LLC reduced its stake in Palo Alto Networks by 12.7%, selling 5,111 shares, and its holdings are now valued at $6,019,000.
• Palo Alto Networks reported $0.95 earnings per share for the last quarter, exceeding estimates and reflecting a 15.8% year-over-year revenue increase to $2.54 billion.
• The stock has received a consensus rating of "Moderate Buy" from analysts, with price targets ranging from $185.00 to $232.00, indicating confidence in its future performance.

Great Lakes Advisors LLC lessened its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 12.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,274 shares of the network technology company's stock after selling 5,111 shares during the period. Great Lakes Advisors LLC's holdings in Palo Alto Networks were worth $6,019,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Ashton Thomas Private Wealth LLC lifted its stake in shares of Palo Alto Networks by 1.4% in the first quarter. Ashton Thomas Private Wealth LLC now owns 31,000 shares of the network technology company's stock valued at $5,290,000 after buying an additional 426 shares during the period. Resources Management Corp CT ADV lifted its stake in shares of Palo Alto Networks by 3.1% in the first quarter. Resources Management Corp CT ADV now owns 13,475 shares of the network technology company's stock valued at $2,299,000 after buying an additional 399 shares during the period. Talon Private Wealth LLC lifted its stake in shares of Palo Alto Networks by 50.4% in the first quarter. Talon Private Wealth LLC now owns 6,872 shares of the network technology company's stock valued at $1,201,000 after buying an additional 2,303 shares during the period. UniSuper Management Pty Ltd lifted its stake in shares of Palo Alto Networks by 221.4% in the first quarter. UniSuper Management Pty Ltd now owns 129,484 shares of the network technology company's stock valued at $22,095,000 after buying an additional 89,196 shares during the period. Finally, Scge Management L.P. lifted its stake in shares of Palo Alto Networks by 30.2% in the first quarter. Scge Management L.P. now owns 1,885,000 shares of the network technology company's stock valued at $321,656,000 after buying an additional 437,000 shares during the period. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Trading Up 0.1%

NASDAQ PANW opened at $197.55 on Wednesday. The firm has a market cap of $132.14 billion, a price-to-earnings ratio of 123.08, a PEG ratio of 4.71 and a beta of 0.98. The company has a 50 day moving average of $188.19 and a 200-day moving average of $185.75. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company's revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business posted $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. On average, analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PANW. DA Davidson reiterated a "buy" rating and issued a $215.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. UBS Group set a $185.00 price target on shares of Palo Alto Networks and gave the stock a "neutral" rating in a research report on Tuesday, August 12th. Roth Capital assumed coverage on shares of Palo Alto Networks in a research report on Thursday, May 15th. They issued a "neutral" rating and a $210.00 price target for the company. Royal Bank Of Canada reissued an "outperform" rating and issued a $232.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Finally, TD Securities reissued a "buy" rating and issued a $230.00 price target on shares of Palo Alto Networks in a research report on Wednesday, May 21st. Twenty-eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Palo Alto Networks has an average rating of "Moderate Buy" and a consensus price target of $211.68.

Insider Activity at Palo Alto Networks

In related news, CAO Josh D. Paul sold 700 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were 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 of the company's stock, valued at $6,948,576.60. This trade represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the completion of the sale, the executive vice president directly 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. In the last ninety days, insiders sold 569,422 shares of company stock worth $106,629,618. 2.50% of the stock is currently owned by company insiders.

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.

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