OMERS ADMINISTRATION Corp Decreases Stake in Palo Alto Networks, Inc. $PANW

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in Palo Alto Networks by 13.9%, holding 22,998 shares valued at approximately $3.92 million after selling 3,720 shares in the last quarter.
• Prominent institutional investors, including Vanguard Group and Goldman Sachs, significantly increased their positions in Palo Alto Networks, reflecting strong interest in the company's stock.
• Palo Alto Networks reported a 15.8% year-over-year revenue growth in its recent earnings, with earnings per share (EPS) of $0.95 beating the consensus estimate of $0.89.

OMERS ADMINISTRATION Corp decreased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 13.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,998 shares of the network technology company's stock after selling 3,720 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Palo Alto Networks were worth $3,924,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Palo Alto Networks during the 1st quarter worth approximately $261,000. Rehmann Capital Advisory Group grew its position in shares of Palo Alto Networks by 106.4% during the 4th quarter. Rehmann Capital Advisory Group now owns 2,378 shares of the network technology company's stock worth $433,000 after buying an additional 1,226 shares during the period. GAMMA Investing LLC grew its position in shares of Palo Alto Networks by 10.8% during the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock worth $2,410,000 after buying an additional 1,374 shares during the period. Diligent Investors LLC grew its position in shares of Palo Alto Networks by 100.0% during the 4th quarter. Diligent Investors LLC now owns 3,430 shares of the network technology company's stock worth $624,000 after buying an additional 1,715 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of Palo Alto Networks by 8.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 137,663 shares of the network technology company's stock worth $23,491,000 after buying an additional 10,180 shares during the period. Institutional investors and hedge funds own 79.82% of the company's stock.

Analysts Set New Price Targets

PANW has been the subject of several research reports. Stephens reissued an "equal weight" rating and issued a $205.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Bank of America raised shares of Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 price target for the company in a research report on Tuesday, August 19th. TD Securities reissued a "buy" rating and issued a $230.00 price target on shares of Palo Alto Networks in a research report on Wednesday, May 21st. Northland Securities reduced their price target on shares of Palo Alto Networks from $210.00 to $177.00 and set a "market perform" rating for the company in a research report on Wednesday, May 21st. Finally, Truist Financial set a $220.00 price target on shares of Palo Alto Networks and gave the company a "buy" rating in a research report on Tuesday, August 19th. Twenty-eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $211.52.

Insiders Place Their Bets

In other news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $184.20, for a total transaction of $128,940.00. Following the sale, the chief accounting officer directly owned 37,723 shares in the company, valued at $6,948,576.60. The trade was a 1.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction on Monday, August 4th. The stock was sold at an average price of $171.58, for a total value of $20,722,402.92. Following the sale, the executive vice president owned 206,718 shares in the company, valued at $35,468,674.44. The trade was a 36.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 569,422 shares of company stock valued at $107,116,337. 2.50% of the stock is currently owned by company insiders.

Palo Alto Networks Stock Down 0.3%

NASDAQ:PANW traded down $0.50 during trading hours on Monday, hitting $190.52. 5,189,897 shares of the company traded hands, compared to its average volume of 10,595,628. The firm's 50-day simple moving average is $189.39 and its 200-day simple moving average is $185.99. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $210.39. The company has a market cap of $127.04 billion, a PE ratio of 118.70, a PEG ratio of 4.55 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings data 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. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The business had revenue of $2.54 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period last year, the business earned $0.75 EPS. The business'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 expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

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.