Palo Alto Networks, Inc. $PANW Shares Sold by Central Pacific Bank Trust Division

Key Points

• Central Pacific Bank Trust Division significantly reduced its holdings in Palo Alto Networks by 97.3% during the second quarter, selling 185,998 shares and retaining only 5,127 shares valued at approximately $1,049,000.
• Analysts maintain a positive outlook on Palo Alto Networks, with twenty-eight ratings classified as Buy and an average target price of $211.68, indicating confidence in the company's growth potential.
• Palo Alto Networks reported earnings of $0.95 per share, surpassing estimates, and generated revenue of $2.54 billion, reflecting a 15.8% year-over-year increase.

Central Pacific Bank Trust Division trimmed its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 97.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,127 shares of the network technology company's stock after selling 185,998 shares during the period. Central Pacific Bank Trust Division's holdings in Palo Alto Networks were worth $1,049,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PANW. Capital A Wealth Management LLC purchased a new position in shares of Palo Alto Networks in the 4th quarter worth about $29,000. HWG Holdings LP purchased a new position in shares of Palo Alto Networks in the 1st quarter worth about $31,000. Dagco Inc. purchased a new position in shares of Palo Alto Networks in the 1st quarter worth about $33,000. SWAN Capital LLC raised its holdings in shares of 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 during the period. Finally, WPG Advisers LLC purchased a new position in shares of Palo Alto Networks in the 1st quarter worth about $37,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wedbush restated an "outperform" rating and issued a $225.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Morgan Stanley raised their price objective on Palo Alto Networks from $210.00 to $216.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Stephens reiterated an "equal weight" rating and set a $205.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. BMO Capital Markets raised their target price on Palo Alto Networks from $217.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, August 19th. Finally, 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. Twenty-eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $211.68.

Palo Alto Networks Stock Down 1.0%

Shares of NASDAQ PANW opened at $196.29 on Friday. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $210.39. The business has a 50 day moving average price of $188.03 and a two-hundred day moving average price of $185.91. The firm has a market cap of $131.30 billion, a PE ratio of 122.30, a price-to-earnings-growth ratio of 4.73 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating 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 firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm earned $0.75 EPS. Palo Alto Networks'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. On average, analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the completion of the sale, the executive vice president owned 177,954 shares in the company, valued at $34,008,788.94. This trade represents a 40.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the firm'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 value of $1,009,250.00. Following the sale, the executive vice president owned 101,135 shares of the company's stock, valued at approximately $20,414,099.75. This trade represents a 4.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 569,422 shares of company stock worth $106,629,618 in the last quarter. Company insiders own 2.50% of the company's stock.

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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