Burr Financial Services LLC Sells 9,061 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Burr Financial Services LLC has reduced its stake in Palo Alto Networks, Inc. by 17.3%, owning 43,231 shares after the sale of 9,061 shares in the second quarter.
• Recent insider activity shows EVP Lee Klarich sold 120,774 shares for over $23 million, representing a 40.43% decrease in his position, while total insider sales amounted to 569,422 shares worth approximately $106.6 million over the last quarter.
• Palo Alto Networks reported a net margin of 12.30% and a revenue of $2.54 billion for the quarter, exceeding analyst estimates, with the company's stock holding a market capitalization of $134.64 billion.

Burr Financial Services LLC decreased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 17.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,231 shares of the network technology company's stock after selling 9,061 shares during the quarter. Palo Alto Networks accounts for approximately 7.4% of Burr Financial Services LLC's holdings, making the stock its 6th largest position. Burr Financial Services LLC's holdings in Palo Alto Networks were worth $8,847,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of PANW. Capital A Wealth Management LLC acquired a new stake in shares of Palo Alto Networks in the fourth quarter valued at $29,000. HWG Holdings LP acquired a new stake in shares of Palo Alto Networks in the first quarter valued at $31,000. Dagco Inc. acquired a new stake in shares of Palo Alto Networks in the first quarter valued at $33,000. SWAN Capital LLC lifted its holdings in shares of Palo Alto Networks by 100.0% in the fourth quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock valued at $36,000 after buying an additional 100 shares during the period. Finally, WPG Advisers LLC acquired a new stake in shares of Palo Alto Networks in the first quarter valued at $37,000. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Stock Up 1.3%

Shares of PANW traded up $2.56 during midday trading on Thursday, reaching $205.68. 5,212,545 shares of the stock were exchanged, compared to its average volume of 6,389,623. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $210.39. The firm has a 50 day simple moving average of $187.91 and a 200-day simple moving average of $186.20. The company has a market cap of $137.58 billion, a price-to-earnings ratio of 128.15, a P/E/G ratio of 4.80 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the business earned $0.75 EPS. The business's quarterly 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. Research analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Stephens restated an "equal weight" rating and issued a $205.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Bank of America raised Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 target price for the company in a report on Tuesday, August 19th. New Street Research upped their target price on Palo Alto Networks from $235.00 to $240.00 and gave the company a "buy" rating in a report on Friday, September 12th. Truist Financial set a $220.00 target price on Palo Alto Networks and gave the company a "buy" rating in a report on Tuesday, August 19th. Finally, Westpark Capital reaffirmed a "hold" rating on shares of Palo Alto Networks in a report on Tuesday, August 19th. Twenty-nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $212.39.

Insider Buying and Selling

In other news, EVP Nir Zuk sold 100,000 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the transaction, the executive vice president owned 3,143,516 shares of the company's stock, valued at approximately $543,199,564.80. This represents a 3.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 101,135 shares in the company, valued at approximately $20,414,099.75. This represents a 4.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 569,422 shares of company stock worth $106,629,618. Insiders own 2.50% of the company's stock.

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.