Greenwood Gearhart Inc. Purchases 50,098 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Greenwood Gearhart Inc. dramatically increased its holdings in Palo Alto Networks by 1,934.3% during Q2, acquiring an additional 50,098 shares for a total of 52,688 shares valued at approximately $10.78 million.
• Insiders sold a significant amount of Palo Alto Networks stock recently, including Lee Klarich, who sold 120,774 shares worth about $25.59 million, resulting in a 44.74% decrease in ownership.
• Analysts have a consensus rating of Moderate Buy for Palo Alto Networks, with predicted price targets averaging around $214.95, following a solid quarterly earnings report.

Greenwood Gearhart Inc. raised its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 1,934.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,688 shares of the network technology company's stock after purchasing an additional 50,098 shares during the period. Greenwood Gearhart Inc.'s holdings in Palo Alto Networks were worth $10,782,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. St. Clair Advisors LLC increased its holdings in shares of Palo Alto Networks by 0.3% during the second 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 increased its stake in Palo Alto Networks by 2.4% during the 1st quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company's stock valued at $381,000 after purchasing an additional 53 shares in the last quarter. TFG Advisers LLC increased its position in shares of Palo Alto Networks by 1.1% in the 2nd quarter. TFG Advisers LLC now owns 4,668 shares of the network technology company's stock valued at $955,000 after acquiring an additional 53 shares during the period. GSG Advisors LLC increased its position in shares of 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 valued at $2,154,000 after acquiring an additional 54 shares during the period. Finally, SYM FINANCIAL Corp increased its position in shares of 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 valued at $691,000 after acquiring an additional 55 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $202.16, for a total value of $141,512.00. Following the sale, the chief accounting officer directly owned 32,474 shares of the company's stock, valued at approximately $6,564,943.84. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president directly owned 149,190 shares in the company, valued at approximately $31,616,344.80. The trade was a 44.74% 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 90 days. Corporate insiders own 2.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Jefferies Financial Group set a $235.00 price objective on Palo Alto Networks in a report on Tuesday, July 29th. JMP Securities reiterated a "market outperform" rating and issued a $212.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. Tigress Financial initiated coverage on shares of Palo Alto Networks in a report on Friday, September 26th. They issued a "buy" rating and a $245.00 price target on the stock. Scotiabank increased their price target on shares of Palo Alto Networks from $225.00 to $228.00 and gave the stock a "sector outperform" rating in a report on Tuesday, August 19th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Palo Alto Networks in a research note on Wednesday. Twenty-eight research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Palo Alto Networks has a consensus rating of "Moderate Buy" and a consensus target price of $214.95.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $208.55 on Friday. The stock has a market capitalization of $139.50 billion, a price-to-earnings ratio of 129.94, a PEG ratio of 5.12 and a beta of 0.98. The firm's 50 day simple moving average is $192.94 and its 200-day simple moving average is $189.14. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $217.94.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released 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. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the business earned $0.75 earnings per share. The firm's revenue was up 15.8% on a year-over-year basis. 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 anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

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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