Palo Alto Networks, Inc. $PANW Shares Sold by Greenleaf Trust

Key Points

• Greenleaf Trust reduced its stake in Palo Alto Networks by 23.7% during the second quarter, selling 7,066 shares and holding 22,707 shares valued at approximately $4.65 million.
• Palo Alto Networks reported $2.54 billion in revenue for the latest quarter, exceeding analysts' expectations, along with an EPS of $0.95, beating the forecast of $0.89.
• Insider selling includes significant transactions by Nir Zuk and Nikesh Arora, with combined sales totaling over $190 million in recent months.

Greenleaf Trust lowered its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 23.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 22,707 shares of the network technology company's stock after selling 7,066 shares during the period. Greenleaf Trust's holdings in Palo Alto Networks were worth $4,647,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Palo Alto Networks during the first quarter worth $261,000. Strive Asset Management LLC lifted its stake in Palo Alto Networks by 16.6% during the 1st quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company's stock worth $358,000 after acquiring an additional 299 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Palo Alto Networks by 10.8% during the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock valued at $2,410,000 after acquiring an additional 1,374 shares during the period. Czech National Bank boosted its holdings in Palo Alto Networks by 6.4% during the 2nd quarter. Czech National Bank now owns 161,840 shares of the network technology company's stock valued at $33,119,000 after acquiring an additional 9,766 shares during the period. Finally, Avity Investment Management Inc. grew its position in Palo Alto Networks by 37.9% in the 2nd quarter. Avity Investment Management Inc. now owns 181,691 shares of the network technology company's stock valued at $37,181,000 after acquiring an additional 49,971 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company's stock.

Palo Alto Networks Trading Up 0.8%

Palo Alto Networks stock opened at $203.96 on Tuesday. The company has a fifty day simple moving average of $189.67 and a 200-day simple moving average of $187.63. The stock has a market cap of $136.43 billion, a P/E ratio of 127.08, a price-to-earnings-growth ratio of 4.82 and a beta of 0.98. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. Palo Alto Networks's revenue for the quarter was up 15.8% compared to the same quarter last year. 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 forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Guggenheim increased their price target on shares of Palo Alto Networks from $130.00 to $135.00 and gave the stock a "sell" rating in a research report on Tuesday, August 19th. Tigress Financial began coverage on shares of Palo Alto Networks in a research note on Friday. They set a "buy" rating and a $245.00 target price on the stock. Barclays reiterated an "overweight" rating and set a $215.00 target price (up from $210.00) on shares of Palo Alto Networks in a report on Tuesday, August 19th. Westpark Capital restated a "hold" rating on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Piper Sandler upgraded Palo Alto Networks from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $200.00 to $225.00 in a report on Tuesday, August 12th. Thirty analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Palo Alto Networks presently has a consensus rating of "Moderate Buy" and a consensus target price of $214.64.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, 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 value of $17,280,000.00. Following the transaction, the executive vice president directly owned 3,143,516 shares in the company, valued at $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 at this hyperlink. Also, CEO Nikesh Arora sold 846,408 shares of the firm's stock in a transaction that occurred 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 directly owned 275,013 shares in the company, valued at approximately $56,119,152.78. The trade was a 75.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,314,430 shares of company stock worth $259,210,094. 2.50% of the stock is currently owned by corporate insiders.

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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