NBC Securities Inc. Sells 4,637 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• NBC Securities Inc. reduced its stake in Palo Alto Networks by 29.9% in Q2, following the sale of 4,637 shares, leaving them with 10,893 shares valued at approximately $2.23 million.
• Palo Alto Networks reported $2.54 billion in revenue for the last quarter, exceeding analysts' estimates and demonstrating a 15.8% year-over-year revenue increase.
• Analysts have raised price targets for Palo Alto Networks, with Piper Sandler increasing theirs from $200 to $225, while the stock has a consensus rating of "Moderate Buy" with an average price target of $211.68.

NBC Securities Inc. cut its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 29.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,893 shares of the network technology company's stock after selling 4,637 shares during the period. NBC Securities Inc.'s holdings in Palo Alto Networks were worth $2,229,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Palo Alto Networks by 2.5% during the first quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company's stock worth $10,712,019,000 after purchasing an additional 1,541,637 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Palo Alto Networks by 41.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company's stock valued at $1,234,650,000 after purchasing an additional 2,134,735 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Palo Alto Networks by 16.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,902,048 shares of the network technology company's stock valued at $1,177,765,000 after purchasing an additional 950,765 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Palo Alto Networks by 92.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,951,283 shares of the network technology company's stock worth $1,082,895,000 after buying an additional 2,862,718 shares during the period. Finally, Nuveen LLC bought a new position in Palo Alto Networks during the 1st quarter worth approximately $810,047,000. Institutional investors and hedge funds own 79.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PANW. Stephens reaffirmed an "equal weight" rating and set a $205.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Sanford C. Bernstein set a $207.00 price target on Palo Alto Networks and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Royal Bank Of Canada restated an "outperform" rating and set a $232.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. BMO Capital Markets lifted their target price on Palo Alto Networks from $217.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Finally, JMP Securities reissued a "market outperform" rating and set a $212.00 target price on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Twenty-nine 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $212.39.

Palo Alto Networks Trading Up 0.2%

Shares of Palo Alto Networks stock traded up $0.44 on Friday, hitting $206.12. The stock had a trading volume of 1,988,894 shares, compared to its average volume of 6,372,498. The company's 50 day moving average price is $188.19 and its 200 day moving average price is $186.35. The stock has a market cap of $137.87 billion, a price-to-earnings ratio of 128.46, a P/E/G ratio of 4.85 and a beta of 0.98. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $210.39.

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, topping analysts' consensus estimates of $0.89 by $0.06. The business had revenue of $2.54 billion for the quarter, compared to analysts' expectations of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The company's revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Activity

In other news, EVP Lee Klarich sold 120,774 shares of the business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the transaction, the executive vice president directly owned 177,954 shares in the company, valued at $34,008,788.94. The trade was a 40.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Josh D. Paul sold 700 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $184.20, for a total transaction of $128,940.00. Following the transaction, the chief accounting officer directly owned 37,723 shares of the company's stock, valued at $6,948,576.60. This represents a 1.82% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 568,622 shares of company stock valued at $106,468,778. 2.50% of the stock is currently owned by company insiders.

About Palo Alto Networks

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.