International Assets Investment Management LLC Raises Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• International Assets Investment Management LLC increased its stake in Palo Alto Networks by 12.6% during Q2, acquiring an additional 2,412 shares and bringing its total holdings to 21,534 shares worth approximately $4.4 million.
• CEO Nikesh Arora sold 846,408 shares valued at over $172 million, significantly reducing his ownership by 75.48%
• Equity analysts maintain a consensus rating of "Moderate Buy" for Palo Alto Networks, with an average price target of $216.60, amidst varied price target adjustments from firms like Rosenblatt and UBS.

International Assets Investment Management LLC lifted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 12.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,534 shares of the network technology company's stock after buying an additional 2,412 shares during the quarter. International Assets Investment Management LLC's holdings in Palo Alto Networks were worth $4,407,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PANW. HWG Holdings LP acquired a new position in Palo Alto Networks in the 1st quarter worth about $31,000. Dagco Inc. acquired a new position in Palo Alto Networks in the 1st quarter worth about $33,000. Marshall & Sullivan Inc. WA acquired a new position in Palo Alto Networks in the 2nd quarter worth about $41,000. WPG Advisers LLC acquired a new position in Palo Alto Networks in the 1st quarter worth about $37,000. Finally, Strategic Investment Solutions Inc. IL raised its holdings in Palo Alto Networks by 58.9% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock worth $38,000 after purchasing an additional 83 shares during the period. Hedge funds and other institutional investors own 79.82% of the company's stock.

Insider Buying and Selling

In related news, CEO Nikesh Arora sold 846,408 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total value of $172,718,016.48. Following the completion of the transaction, the chief executive officer directly owned 275,013 shares in the company, valued at approximately $56,119,152.78. This represents a 75.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Lee Klarich sold 120,774 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was 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 owned 149,190 shares of the company's stock, valued at $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 a total of 1,315,130 shares of company stock valued at $260,687,367 in the last ninety days. Company insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Rosenblatt Securities reduced their price target on Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating for the company in a report on Thursday, August 14th. UBS Group set a $245.00 target price on Palo Alto Networks in a report on Friday, September 26th. Guggenheim increased 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. DA Davidson reissued a "buy" rating and set a $215.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, Wedbush reissued an "outperform" rating and set a $225.00 target price on shares of Palo Alto Networks in a report on Monday, September 15th. Thirty equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Palo Alto Networks presently has a consensus rating of "Moderate Buy" and an average price target of $216.60.

Palo Alto Networks Stock Performance

NASDAQ:PANW opened at $207.89 on Friday. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $217.94. The stock has a market cap of $139.06 billion, a PE ratio of 129.53, a P/E/G ratio of 4.94 and a beta of 0.98. The stock has a 50 day moving average price of $196.80 and a 200 day moving average price of $190.41.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted 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 return on equity of 17.66% and a net margin of 12.30%.The firm had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The business's revenue for the quarter 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. As a group, analysts predict 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.