Palo Alto Networks, Inc. $PANW Shares Sold by Interchange Capital Partners LLC

Key Points

• Interchange Capital Partners LLC significantly reduced its holdings in Palo Alto Networks, Inc. by 94%, selling 3,769 shares during the second quarter and leaving them with only 242 shares valued at approximately $50,000.
• Institutional investors control 79.82% of Palo Alto Networks, with other firms like Nuveen LLC and Goldman Sachs Group Inc. increasing their stakes dramatically in recent months.
• Palo Alto Networks reported a 15.8% increase in quarterly revenue year-over-year, achieving $2.54 billion, while also beating earnings per share estimates by $0.06.

Interchange Capital Partners LLC trimmed its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 94.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 242 shares of the network technology company's stock after selling 3,769 shares during the quarter. Interchange Capital Partners LLC's holdings in Palo Alto Networks were worth $50,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PANW. Nuveen LLC acquired a new position in shares of Palo Alto Networks during the first quarter worth about $810,047,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Palo Alto Networks during the second quarter worth about $633,068,000. Goldman Sachs Group Inc. increased its stake in shares of Palo Alto Networks by 41.9% during the first quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company's stock worth $1,234,650,000 after acquiring an additional 2,134,735 shares during the period. Price T Rowe Associates Inc. MD grew its position in Palo Alto Networks by 77.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company's stock worth $662,000,000 after buying an additional 1,688,432 shares during the period. Finally, Vanguard Group Inc. grew its position in Palo Alto Networks by 2.5% during the first quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company's stock worth $10,712,019,000 after buying an additional 1,541,637 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Stock Performance

Shares of PANW opened at $206.70 on Thursday. The company has a market capitalization of $138.26 billion, a price-to-earnings ratio of 128.79, a PEG ratio of 4.93 and a beta of 0.98. The company's 50 day simple moving average is $195.23 and its 200 day simple moving average is $189.80. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $217.94.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Equities analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

PANW has been the topic of several recent analyst reports. Piper Sandler upgraded shares of Palo Alto Networks from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $200.00 to $225.00 in a research report on Tuesday, August 12th. KeyCorp lowered shares of Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 31st. Needham & Company LLC restated a "buy" rating and set a $230.00 target price on shares of Palo Alto Networks in a research report on Wednesday, September 3rd. Barclays restated an "overweight" rating and set a $215.00 target price (up from $210.00) on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Finally, Sanford C. Bernstein set a $207.00 price target on shares of Palo Alto Networks and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Twenty-nine research 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. According to MarketBeat.com, Palo Alto Networks presently has a consensus rating of "Moderate Buy" and an average price target of $216.00.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of the company's stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the transaction, the executive vice president owned 149,190 shares of the company's stock, valued at approximately $31,616,344.80. This represents a 44.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the transaction, the executive vice president directly owned 96,135 shares in the company, valued at $19,629,805.65. The trade was a 4.94% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,315,130 shares of company stock valued at $260,687,367. 2.50% of the stock is owned by corporate insiders.

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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