Korea Investment CORP Sells 51,755 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Korea Investment CORP has reduced its stake in Palo Alto Networks by 8.1%, holding approximately $100.75 million worth of shares after selling 51,755 shares in the first quarter.
• Several institutional investors, including Alpha Family Trust and Aptus Capital Advisors LLC, have increased their stakes in Palo Alto Networks, indicating growing interest, as institutional ownership stands at 79.82%.
• Palo Alto Networks reported earnings of $0.80 EPS for the recent quarter, surpassing analyst expectations and showing 15.3% revenue growth year-over-year.

Korea Investment CORP decreased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 8.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 590,436 shares of the network technology company's stock after selling 51,755 shares during the quarter. Korea Investment CORP owned approximately 0.09% of Palo Alto Networks worth $100,752,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Transce3nd LLC acquired a new position in Palo Alto Networks during the fourth quarter worth $25,000. Capital A Wealth Management LLC acquired a new position in Palo Alto Networks during the fourth quarter worth $29,000. HWG Holdings LP acquired a new position in Palo Alto Networks during the first quarter worth $31,000. Dagco Inc. acquired a new position in Palo Alto Networks during the first quarter worth $33,000. Finally, SWAN Capital LLC lifted its stake in 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 acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Palo Alto Networks Stock Performance

NASDAQ:PANW traded down $1.11 during mid-day trading on Thursday, reaching $183.32. 8,171,664 shares of the company's stock were exchanged, compared to its average volume of 6,477,367. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $210.39. The firm has a market capitalization of $122.24 billion, a PE ratio of 114.22, a price-to-earnings-growth ratio of 4.46 and a beta of 0.94. The business's fifty day simple moving average is $191.11 and its two-hundred day simple moving average is $186.31.

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 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $2.54 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the business earned $0.75 earnings per share. Palo Alto Networks'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. As a group, equities research analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, Director Aparna Bawa sold 526 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $190.00, for a total value of $99,940.00. Following the transaction, the director directly owned 8,632 shares of the company's stock, valued at $1,640,080. This trade represents a 5.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nir Zuk sold 100,000 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president directly owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 669,248 shares of company stock worth $126,423,337. Corporate insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. UBS Group set a $185.00 price target on shares of Palo Alto Networks and gave the company a "neutral" rating in a research note on Tuesday, August 12th. Truist Financial set a $220.00 price target on shares of Palo Alto Networks and gave the company a "buy" rating in a research note on Tuesday. Cantor Fitzgerald reiterated an "overweight" rating and issued a $223.00 price target on shares of Palo Alto Networks in a research note on Friday, August 15th. DA Davidson reiterated a "buy" rating and issued a $215.00 price target on shares of Palo Alto Networks in a research note on Tuesday. Finally, TD Securities reiterated a "buy" rating and issued a $230.00 price target on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Twenty-eight investment 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $211.52.

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.