Palo Alto Networks, Inc. $PANW Shares Sold by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA has decreased its stake in Palo Alto Networks (PANW) by 2.3%, now holding 54,826 shares valued at approximately $11.22 million.
• Insider selling includes EVP Nir Zuk selling 100,000 shares for $17.28 million, and CEO Nikesh Arora selling 846,408 shares for $172.72 million, indicating significant changes in executive ownership.
• Palo Alto Networks reported better-than-expected earnings of $0.95 per share, with a year-over-year revenue increase of 15.8% for the last quarter.

Banque Pictet & Cie SA reduced its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,826 shares of the network technology company's stock after selling 1,285 shares during the quarter. Banque Pictet & Cie SA's holdings in Palo Alto Networks were worth $11,220,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PANW. HWG Holdings LP acquired a new stake in Palo Alto Networks in the first quarter worth approximately $31,000. Dagco Inc. bought a new stake in shares of Palo Alto Networks during the 1st quarter worth $33,000. Marshall & Sullivan Inc. WA purchased a new position in Palo Alto Networks in the 2nd quarter worth about $41,000. WPG Advisers LLC purchased a new position in shares of Palo Alto Networks in the first quarter worth approximately $37,000. Finally, Strategic Investment Solutions Inc. IL raised its holdings in shares of Palo Alto Networks by 58.9% during the first quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock valued at $38,000 after acquiring an additional 83 shares during the period. Institutional investors own 79.82% of the company's stock.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Nir Zuk sold 100,000 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $172.80, for a total value of $17,280,000.00. Following the completion of the transaction, the executive vice president directly owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Nikesh Arora sold 846,408 shares of Palo Alto Networks 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 sale, the chief executive officer owned 275,013 shares in the company, valued at $56,119,152.78. This represents a 75.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,415,030 shares of company stock valued at $279,198,494 in the last quarter. 2.50% of the stock is currently owned by corporate insiders.

Palo Alto Networks Price Performance

NASDAQ PANW opened at $202.21 on Friday. The company's fifty day moving average is $189.45 and its two-hundred day moving average is $187.18. 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 $135.26 billion, a price-to-earnings ratio of 125.99, a P/E/G ratio of 4.78 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the company earned $0.75 earnings per share. The firm's 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. As a group, sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Truist Financial set a $220.00 price objective on Palo Alto Networks and gave the stock a "buy" rating in a research report on Tuesday, August 19th. New Street Research lifted their price target on Palo Alto Networks from $235.00 to $240.00 and gave the company a "buy" rating in a report on Friday, September 12th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $232.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Jefferies Financial Group set a $235.00 price objective on Palo Alto Networks in a report on Tuesday, July 29th. Finally, UBS Group set a $185.00 price target on shares of Palo Alto Networks and gave the company a "neutral" rating in a research report on Tuesday, August 12th. Twenty-nine 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $212.39.

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.

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