Atalanta Sosnoff Capital LLC Lowers Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• Atalanta Sosnoff Capital LLC reduced its stake in Palo Alto Networks by 0.8%, now owning 295,302 shares worth approximately $50.39 million, making it the 28th largest holding in their portfolio.
• Insider selling has occurred, with EVP Nir Zuk selling 100,000 shares and EVP Dipak Golechha selling 5,000 shares, both significantly reducing their positions in the company.
• Palo Alto Networks reported a quarterly earnings per share (EPS) of $0.95, surpassing estimates, and provided a FY 2026 EPS guidance of $3.750-$3.850.

Atalanta Sosnoff Capital LLC trimmed its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 0.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 295,302 shares of the network technology company's stock after selling 2,235 shares during the period. Palo Alto Networks comprises 1.2% of Atalanta Sosnoff Capital LLC's investment portfolio, making the stock its 28th biggest position. Atalanta Sosnoff Capital LLC's holdings in Palo Alto Networks were worth $50,390,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Capital A Wealth Management LLC bought a new stake in Palo Alto Networks in the 4th quarter worth about $29,000. HWG Holdings LP bought a new stake in Palo Alto Networks in the 1st quarter worth about $31,000. Dagco Inc. bought a new stake in Palo Alto Networks in the 1st quarter worth about $33,000. SWAN Capital LLC grew its position in Palo Alto Networks by 100.0% in the 4th quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock worth $36,000 after purchasing an additional 100 shares in the last quarter. Finally, Glen Eagle Advisors LLC grew its position in Palo Alto Networks by 100.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 212 shares of the network technology company's stock worth $39,000 after purchasing an additional 106 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Dipak Golechha sold 5,000 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $171.58, for a total transaction 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 448,648 shares of company stock valued at $83,548,499. 2.50% of the stock is owned by corporate insiders.

Palo Alto Networks Trading Up 0.4%

Shares of PANW stock traded up $0.82 during trading on Thursday, reaching $192.35. 5,854,864 shares of the company's stock traded hands, compared to its average volume of 9,736,695. The company has a market capitalization of $128.66 billion, a P/E ratio of 119.84, a PEG ratio of 4.58 and a beta of 0.98. The firm's 50-day moving average is $188.46 and its 200 day moving average is $185.94. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. The company had revenue of $2.54 billion for 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%. Palo Alto Networks's revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. 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, sell-side analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. DA Davidson reaffirmed a "buy" rating and issued a $215.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. UBS Group set a $185.00 target price on shares of Palo Alto Networks and gave the company a "neutral" rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. lowered their price target on shares of Palo Alto Networks from $225.00 to $221.00 and set an "overweight" rating on the stock in a report on Wednesday, May 21st. TD Securities reiterated a "buy" rating and issued a $230.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Finally, Sanford C. Bernstein set a $207.00 price objective on Palo Alto Networks and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Twenty-eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Palo Alto Networks has an average rating of "Moderate Buy" and a consensus target price of $211.68.

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.