Kornitzer Capital Management Inc. KS Sells 2,141 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Kornitzer Capital Management Inc. KS reduced its stake in Palo Alto Networks, Inc. by 13.1%, selling 2,141 shares and now holds 14,262 shares worth approximately $2.9 million.
• Insider trading activity includes EVP Nir Zuk selling 100,000 shares for $17.28 million, reducing his ownership by 3.08%, while CAO Josh D. Paul sold 700 shares valued at $141,512.
• The stock has received an average rating of "Moderate Buy" from thirty analysts, with a consensus target price set at $217.22.

Kornitzer Capital Management Inc. KS reduced its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 13.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,262 shares of the network technology company's stock after selling 2,141 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in Palo Alto Networks were worth $2,919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. St. Clair Advisors LLC lifted its position in Palo Alto Networks by 0.3% during the 2nd quarter. St. Clair Advisors LLC now owns 15,800 shares of the network technology company's stock worth $3,233,000 after buying an additional 50 shares in the last quarter. Astoria Portfolio Advisors LLC. lifted its position in Palo Alto Networks by 2.1% during the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 2,467 shares of the network technology company's stock worth $496,000 after buying an additional 50 shares in the last quarter. Csenge Advisory Group lifted its position 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 worth $381,000 after buying an additional 53 shares in the last quarter. TFG Advisers LLC lifted its position in Palo Alto Networks by 1.1% during the 2nd quarter. TFG Advisers LLC now owns 4,668 shares of the network technology company's stock worth $955,000 after buying an additional 53 shares in the last quarter. Finally, GSG Advisors LLC lifted its position in Palo Alto Networks by 0.4% during the 1st quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company's stock worth $2,154,000 after buying an additional 54 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 3,143,516 shares in the company, valued at $543,199,564.80. This represents a 3.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $202.16, for a total transaction of $141,512.00. Following the transaction, the chief accounting officer owned 32,474 shares in the company, valued at approximately $6,564,943.84. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,315,130 shares of company stock worth $260,687,367. Insiders own 2.50% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on PANW shares. Cantor Fitzgerald reissued an "overweight" rating and set a $223.00 price target on shares of Palo Alto Networks in a research report on Friday, August 15th. Royal Bank Of Canada restated an "outperform" rating and set a $232.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Westpark Capital restated a "hold" rating on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Scotiabank boosted their price objective on shares of Palo Alto Networks from $225.00 to $228.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 19th. Finally, Rosenblatt Securities lowered their price objective on shares of Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating on the stock in a research note on Thursday, August 14th. Thirty investment 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $217.22.

Palo Alto Networks Stock Up 1.0%

Palo Alto Networks stock opened at $217.11 on Friday. The stock has a market cap of $145.22 billion, a P/E ratio of 135.27, a P/E/G ratio of 5.16 and a beta of 0.98. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $218.23. The company's 50-day moving average price is $200.79 and its two-hundred day moving average price is $192.46.

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 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. The firm had revenue of $2.54 billion for 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 revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm 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. Equities analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

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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