Greenup Street Wealth Management LLC Has $4.22 Million Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• Greenup Street Wealth Management LLC increased its stake in Palo Alto Networks by 6.3% during Q2, now holding 20,596 shares valued at approximately $4.22 million.
• Insider trades revealed significant sell-offs, with Lee Klarich and Nikesh Arora selling over 967,000 shares combined, leading to substantial reductions in their ownership.
• Palo Alto Networks’ shares were trading at $211.82, with a market cap of $141.69 billion and a consensus rating of “Moderate Buy” with an average price target of $216.60.

Greenup Street Wealth Management LLC lifted its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,596 shares of the network technology company's stock after acquiring an additional 1,222 shares during the period. Greenup Street Wealth Management LLC's holdings in Palo Alto Networks were worth $4,215,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PANW. Nuveen LLC acquired a new stake in shares of Palo Alto Networks in the 1st quarter valued at approximately $810,047,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Palo Alto Networks in the 2nd quarter valued at approximately $633,068,000. Goldman Sachs Group Inc. raised its position in shares of Palo Alto Networks by 41.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company's stock valued at $1,234,650,000 after acquiring an additional 2,134,735 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Palo Alto Networks by 77.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company's stock valued at $662,000,000 after acquiring an additional 1,688,432 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Palo Alto Networks by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company's stock valued at $10,712,019,000 after acquiring an additional 1,541,637 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Lee Klarich sold 120,774 shares of the firm's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $211.92, for a total value of $25,594,426.08. Following the completion of the transaction, the executive vice president directly owned 149,190 shares of the company's stock, valued at approximately $31,616,344.80. This trade represents a 44.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Nikesh Arora sold 846,408 shares of the firm's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the completion of the transaction, the chief executive officer directly owned 275,013 shares of the company's stock, valued at $56,119,152.78. This represents a 75.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,315,130 shares of company stock valued at $260,687,367 in the last ninety days. 2.50% of the stock is currently owned by insiders.

Palo Alto Networks Stock Up 1.9%

Shares of PANW opened at $211.82 on Tuesday. The stock has a market capitalization of $141.69 billion, a P/E ratio of 131.98, a P/E/G ratio of 4.94 and a beta of 0.98. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $217.94. The company has a 50 day moving average of $197.67 and a 200-day moving average of $191.00.

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 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 analysts' expectations of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business's quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the business 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, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PANW. Royal Bank Of Canada reiterated an "outperform" rating and issued a $232.00 price target on shares of Palo Alto Networks in a research 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 for the company in a research note on Thursday, August 14th. Stephens reissued an "equal weight" rating and set a $205.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Morgan Stanley increased their target price on Palo Alto Networks from $210.00 to $216.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Finally, Needham & Company LLC reissued a "buy" rating and set a $230.00 target price on shares of Palo Alto Networks in a research note on Wednesday, September 3rd. Thirty 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 company's stock. According to MarketBeat, Palo Alto Networks has a consensus rating of "Moderate Buy" and an average price target of $216.60.

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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