Palo Alto Networks, Inc. $PANW Position Lowered by Woodline Partners LP

Woodline Partners LP trimmed its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 90.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,402 shares of the network technology company's stock after selling 289,794 shares during the period. Woodline Partners LP's holdings in Palo Alto Networks were worth $5,358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Csenge Advisory Group raised its stake in Palo Alto Networks by 2.4% during the first quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company's stock valued at $381,000 after buying an additional 53 shares in the last quarter. GSG Advisors LLC lifted its holdings in Palo Alto Networks by 0.4% in the first quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company's stock worth $2,154,000 after acquiring an additional 54 shares during the last quarter. SYM FINANCIAL Corp lifted its holdings in Palo Alto Networks by 1.4% in the first quarter. SYM FINANCIAL Corp now owns 4,047 shares of the network technology company's stock worth $691,000 after acquiring an additional 55 shares during the last quarter. Crew Capital Management Ltd. lifted its holdings in Palo Alto Networks by 2.5% in the first quarter. Crew Capital Management Ltd. now owns 2,310 shares of the network technology company's stock worth $394,000 after acquiring an additional 57 shares during the last quarter. Finally, TFB Advisors LLC lifted its holdings in Palo Alto Networks by 1.9% in the first quarter. TFB Advisors LLC now owns 3,084 shares of the network technology company's stock worth $526,000 after acquiring an additional 58 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Insider Activity at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $201.85, for a total value of $1,009,250.00. Following the completion of the transaction, the executive vice president directly owned 101,135 shares in the company, valued at $20,414,099.75. This trade represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Nir Zuk sold 100,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the transaction, the executive vice president owned 3,143,516 shares of the company's stock, valued at $543,199,564.80. This trade represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 569,422 shares of company stock valued at $106,629,618. Insiders own 2.50% of the company's stock.

Palo Alto Networks Trading Down 1.0%

Shares of NASDAQ:PANW opened at $196.29 on Friday. The firm's 50 day moving average is $188.03 and its two-hundred day moving average is $185.94. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $210.39. The firm has a market capitalization of $131.30 billion, a P/E ratio of 122.30, a PEG ratio of 4.73 and a beta of 0.98.

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. Analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on PANW. Scotiabank raised their target price on shares of Palo Alto Networks from $225.00 to $228.00 and gave the stock a "sector outperform" rating in a report on Tuesday, August 19th. Needham & Company LLC reissued a "buy" rating and issued a $230.00 target price on shares of Palo Alto Networks in a report on Wednesday, September 3rd. Northland Securities cut their target price on shares of Palo Alto Networks from $210.00 to $177.00 and set a "market perform" rating on the stock in a report on Wednesday, May 21st. UBS Group set a $185.00 price objective on shares of Palo Alto Networks and gave the stock a "neutral" rating in a report on Tuesday, August 12th. Finally, Wells Fargo & Company increased their price objective on shares of Palo Alto Networks from $225.00 to $235.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Twenty-eight investment 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $211.68.

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.

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