Palo Alto Networks, Inc. $PANW Position Boosted by Callan Family Office LLC

Key Points

• Callan Family Office LLC significantly increased its stake in Palo Alto Networks by 677.8% during the second quarter, acquiring a total of 31,036 shares valued at approximately $6.35 million.
• The company's CEO, Nikesh Arora, sold 846,408 shares of stock for over $172 million, reducing his ownership by 75.48%.
• Palo Alto Networks reported earnings of $0.95 per share for the last quarter, exceeding analysts' expectations, with a revenue growth of 15.8% year-over-year.

Callan Family Office LLC lifted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 677.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,036 shares of the network technology company's stock after purchasing an additional 27,046 shares during the period. Callan Family Office LLC's holdings in Palo Alto Networks were worth $6,351,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake 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 acquiring an additional 1,541,637 shares during the period. Goldman Sachs Group Inc. raised its stake in Palo Alto Networks by 41.9% during the first quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company's stock worth $1,234,650,000 after acquiring an additional 2,134,735 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Palo Alto Networks by 16.0% during the first 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 worth $1,177,765,000 after acquiring an additional 950,765 shares during the period. Nuveen LLC acquired a new stake in Palo Alto Networks during the first quarter worth about $810,047,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Palo Alto Networks by 5.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,422,037 shares of the network technology company's stock worth $754,576,000 after acquiring an additional 219,111 shares during the period. Institutional investors and hedge funds own 79.82% of the company's stock.

Insider Activity at Palo Alto Networks

In other news, CEO Nikesh Arora sold 846,408 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the completion of the sale, the chief executive officer owned 275,013 shares in the company, valued at approximately $56,119,152.78. This represents a 75.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $211.92, for a total value of $25,594,426.08. Following the sale, the executive vice president owned 149,190 shares of the company's stock, valued at $31,616,344.80. This trade represents a 44.74% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,315,130 shares of company stock worth $260,687,367. 2.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PANW has been the topic of several analyst reports. Cantor Fitzgerald restated an "overweight" rating and issued a $223.00 price target on shares of Palo Alto Networks in a research note on Friday, August 15th. DA Davidson restated a "buy" rating and issued a $215.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. New Street Research raised their price target on shares of Palo Alto Networks from $235.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Westpark Capital restated a "hold" rating on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Scotiabank raised their price target on shares of Palo Alto Networks from $225.00 to $228.00 and gave the company a "sector outperform" rating in a research note on Tuesday, August 19th. Twenty-eight equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $214.95.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $215.17 on Friday. The firm has a 50 day simple moving average of $192.23 and a 200-day simple moving average of $189.02. The stock has a market capitalization of $143.93 billion, a PE ratio of 134.06, a price-to-earnings-growth ratio of 5.18 and a beta of 0.98. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $217.94.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion during 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 last year, the firm posted $0.75 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, analysts forecast 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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