KADENSA CAPITAL Ltd Sells 51,252 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• KADENSA CAPITAL Ltd reduced its holdings in Palo Alto Networks by 36.0% in the first quarter, owning 91,034 shares valued at approximately $15.5 million.
• Institutional ownership of Palo Alto Networks stands at 79.82%, with notable increases from firms like Goldman Sachs and Nuveen Asset Management during the quarter.
• Palo Alto Networks reported a 15.8% year-over-year revenue increase, with earnings per share of $0.95 surpassing analysts' expectations of $0.89.

KADENSA CAPITAL Ltd cut its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 36.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,034 shares of the network technology company's stock after selling 51,252 shares during the period. Palo Alto Networks comprises approximately 1.9% of KADENSA CAPITAL Ltd's investment portfolio, making the stock its 23rd biggest holding. KADENSA CAPITAL Ltd's holdings in Palo Alto Networks were worth $15,534,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital A Wealth Management LLC acquired a new stake in shares of Palo Alto Networks in the 4th quarter valued at approximately $29,000. HWG Holdings LP acquired a new position in shares of Palo Alto Networks during the 1st quarter worth approximately $31,000. Dagco Inc. acquired a new position in shares of Palo Alto Networks in the first quarter valued at $33,000. SWAN Capital LLC increased its holdings in shares of Palo Alto Networks by 100.0% in the fourth quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Finally, WPG Advisers LLC acquired a new position in shares of Palo Alto Networks in the first quarter valued at $37,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Truist Financial set a $220.00 price objective on shares of Palo Alto Networks and gave the company a "buy" rating in a report on Tuesday, August 19th. Cantor Fitzgerald reissued an "overweight" rating and set a $223.00 price target on shares of Palo Alto Networks in a report on Friday, August 15th. Wedbush reissued an "outperform" rating and set a $225.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. UBS Group set a $185.00 price target on Palo Alto Networks and gave the stock a "neutral" rating in a report on Tuesday, August 12th. Finally, Westpark Capital reissued a "hold" rating on shares of Palo Alto Networks in a research report on Tuesday, August 19th. 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $211.68.

Palo Alto Networks Stock Up 1.1%

Shares of PANW stock traded up $2.11 during trading hours on Friday, hitting $194.46. 5,667,224 shares of the company's stock traded hands, compared to its average volume of 9,308,827. The stock's 50 day simple moving average is $188.33 and its 200 day simple moving average is $185.85. The stock has a market cap of $130.07 billion, a PE ratio of 121.16, a price-to-earnings-growth ratio of 4.64 and a beta of 0.98. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month 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 EPS for the quarter, beating analysts' consensus estimates 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 period in the prior year, the firm posted $0.75 EPS. The company's quarterly 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. As a group, equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Activity

In other news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $201.85, for a total value of $1,009,250.00. Following the completion of the sale, the executive vice president owned 101,135 shares in the company, valued at $20,414,099.75. The trade was a 4.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $17,280,000.00. Following the completion of the sale, the executive vice president owned 3,143,516 shares of the company's stock, valued at $543,199,564.80. This represents a 3.08% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 569,422 shares of company stock valued at $106,629,618. Company insiders own 2.50% of the company's stock.

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.