Philadelphia Trust Co. Sells 10,611 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Philadelphia Trust Co. reduced its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 7.1%, now holding approximately $23.85 million worth of shares.
• Palo Alto Networks reported earnings of $0.80 EPS for the quarter, surpassing analysts' estimates, with revenue reaching $2.29 billion.
• Analysts have a consensus rating of "Moderate Buy" for PANW, with target prices ranging from $200 to $496.

Philadelphia Trust Co. lowered its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 7.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,774 shares of the network technology company's stock after selling 10,611 shares during the quarter. Palo Alto Networks comprises about 2.0% of Philadelphia Trust Co.'s holdings, making the stock its 12th largest position. Philadelphia Trust Co.'s holdings in Palo Alto Networks were worth $23,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC increased its position in 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 purchasing an additional 4,031 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in Palo Alto Networks by 115.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 43,985 shares of the network technology company's stock worth $8,004,000 after purchasing an additional 23,586 shares in the last quarter. Bridgewater Associates LP acquired a new stake in Palo Alto Networks during the 4th quarter worth approximately $567,000. Gabelli Funds LLC boosted its holdings in Palo Alto Networks by 93.2% in the 4th quarter. Gabelli Funds LLC now owns 1,590 shares of the network technology company's stock worth $289,000 after acquiring an additional 767 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in Palo Alto Networks by 100.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 17,616 shares of the network technology company's stock worth $3,205,000 after acquiring an additional 8,831 shares during the period. Institutional investors and hedge funds own 79.82% of the company's stock.

Palo Alto Networks Stock Up 3.1%

NASDAQ PANW traded up $5.39 during trading hours on Tuesday, hitting $181.56. The company had a trading volume of 27,736,320 shares, compared to its average volume of 6,420,358. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $210.39. The business has a fifty day simple moving average of $191.59 and a 200-day simple moving average of $186.35. The firm has a market cap of $121.06 billion, a P/E ratio of 103.75, a price-to-earnings-growth ratio of 4.35 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a return on equity of 19.48% and a net margin of 13.95%.The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company earned $0.75 earnings per share. The firm'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 analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Aparna Bawa sold 526 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $190.00, for a total transaction of $99,940.00. Following the completion of the transaction, the director owned 8,632 shares of the company's stock, valued at $1,640,080. This trade represents a 5.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Josh D. Paul sold 800 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $201.05, for a total value of $160,840.00. Following the transaction, the chief accounting officer directly owned 42,033 shares of the company's stock, valued at $8,450,734.65. This represents a 1.87% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 669,248 shares of company stock valued at $126,423,337. Company insiders own 2.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Jefferies Financial Group set a $235.00 price target on Palo Alto Networks in a report on Tuesday, July 29th. Bank of America upgraded Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 price target for the company in a report on Tuesday. JMP Securities restated a "market outperform" rating and issued a $212.00 price target on shares of Palo Alto Networks in a report on Tuesday. Cantor Fitzgerald restated an "overweight" rating and issued a $223.00 price target on shares of Palo Alto Networks in a report on Friday. Finally, Wedbush reiterated an "outperform" rating and set a $225.00 target price on shares of Palo Alto Networks in a research note on Tuesday. Twenty-eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Palo Alto Networks presently has an average rating of "Moderate Buy" and a consensus target price of $218.86.

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.