OFI Invest Asset Management Has $45.40 Million Stock Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• OFI Invest Asset Management reduced its holdings in Palo Alto Networks by 84.3%, ending the quarter with shares valued at $45.40 million after selling over 1.1 million shares.
• Palo Alto Networks received positive ratings from major brokerages, with an average consensus price target of $214.95 and a majority of analysts rating the stock as a Buy.
• Insider trading activity was notable, with CEO Nikesh Arora selling 846,408 shares valued at approximately $172.7 million, significantly reducing his ownership in the company.

OFI Invest Asset Management trimmed its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 84.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 221,863 shares of the network technology company's stock after selling 1,188,289 shares during the period. OFI Invest Asset Management's holdings in Palo Alto Networks were worth $45,402,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PANW. Brighton Jones LLC boosted its stake in shares of Palo Alto Networks by 147.7% during the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock worth $1,230,000 after buying an additional 4,031 shares during the last quarter. Bison Wealth LLC lifted its stake in Palo Alto Networks by 169.1% in the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock valued at $948,000 after purchasing an additional 3,275 shares during the last quarter. GAMMA Investing LLC lifted its stake in Palo Alto Networks by 10.8% in the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock valued at $2,410,000 after purchasing an additional 1,374 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in Palo Alto Networks in the 1st quarter valued at about $224,000. Finally, Assenagon Asset Management S.A. lifted its stake in Palo Alto Networks by 91.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 41,837 shares of the network technology company's stock valued at $7,139,000 after purchasing an additional 19,975 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PANW. Morgan Stanley raised their target price on shares of Palo Alto Networks from $210.00 to $216.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Rosenblatt Securities cut their target price on shares of Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating for the company in a research note on Thursday, August 14th. JMP Securities reiterated a "market outperform" rating and issued a $212.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. UBS Group set a $245.00 price target on shares of Palo Alto Networks in a report on Friday, September 26th. Finally, Westpark Capital reissued a "hold" rating on shares of Palo Alto Networks in a report on Tuesday, August 19th. Twenty-eight equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $214.95.

Palo Alto Networks Trading Down 3.1%

Shares of PANW opened at $208.55 on Friday. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $217.94. The firm's 50 day moving average is $192.94 and its 200-day moving average is $189.17. The stock has a market capitalization of $139.50 billion, a PE ratio of 129.94, a P/E/G ratio of 4.96 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $2.50 billion. During the same period 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. Equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity at Palo Alto Networks

In other news, CEO Nikesh Arora sold 846,408 shares of the firm's stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the transaction, the chief executive officer directly owned 275,013 shares of the company's stock, valued at approximately $56,119,152.78. This trade represents a 75.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total transaction of $141,512.00. Following the completion of the transaction, the chief accounting officer directly owned 32,474 shares in the company, valued at $6,564,943.84. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,315,130 shares of company stock valued at $260,687,367. 2.50% of the stock is currently owned by company insiders.

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.