Palo Alto Networks, Inc. $PANW Shares Sold by Oddo BHF Asset Management Sas

Key Points

• Oddo BHF Asset Management cut its Palo Alto Networks stake by 42.6% in the first quarter, selling 37,802 shares and retaining 51,025 shares valued at $8.18 million. Institutional investors and hedge funds own 79.82% of PANW.
• Palo Alto Networks reported quarterly EPS of $0.85, beating estimates by $0.06, while revenue reached $3 billion, up 31.1% year over year and above expectations.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $331.48 price target, although insiders sold $27.17 million of stock over the past 90 days.

Oddo BHF Asset Management Sas cut its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 42.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,025 shares of the network technology company's stock after selling 37,802 shares during the quarter. Oddo BHF Asset Management Sas' holdings in Palo Alto Networks were worth $8,180,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PANW. Brighton Jones LLC grew its position in Palo Alto Networks by 147.7% in the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock worth $1,230,000 after buying an additional 4,031 shares during the last quarter. Bison Wealth LLC boosted its stake in shares of Palo Alto Networks by 169.1% during the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock worth $948,000 after acquiring an additional 3,275 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Palo Alto Networks by 66.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company's stock worth $713,000 after acquiring an additional 1,389 shares in the last quarter. Osterweis Capital Management Inc. grew its holdings in shares of Palo Alto Networks by 11,100.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company's stock worth $115,000 after acquiring an additional 555 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in shares of Palo Alto Networks by 6.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company's stock worth $900,000 after acquiring an additional 249 shares during the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Stock Down 1.5%

NASDAQ:PANW opened at $314.15 on Thursday. The firm has a market capitalization of $256.03 billion, a price-to-earnings ratio of 257.50, a PEG ratio of 11.84 and a beta of 0.91. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $368.80. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The business's fifty day moving average price is $305.12 and its 200 day moving average price is $220.50.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.06. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the company posted $0.37 EPS. The business's quarterly revenue was up 31.1% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. On average, sell-side analysts forecast that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director Aparna Bawa sold 290 shares of the company's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $348.74, for a total value of $101,134.60. Following the transaction, the director owned 6,437 shares in the company, valued at approximately $2,244,839.38. This represents a 4.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the completion of the sale, the executive vice president owned 145,250 shares of the company's stock, valued at approximately $42,058,590. The trade was a 3.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 101,239 shares of company stock valued at $27,174,360 in the last 90 days. Corporate insiders own 1.40% of the company's stock.

Analyst Ratings Changes

PANW has been the subject of several analyst reports. BTIG Research upped their target price on Palo Alto Networks from $333.00 to $380.00 and gave the company a "buy" rating in a report on Tuesday, June 30th. Guggenheim cut Palo Alto Networks from a "neutral" rating to a "reduce" rating in a research note on Wednesday, May 27th. Benchmark boosted their price objective on Palo Alto Networks from $270.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, June 3rd. TD Cowen reaffirmed a "buy" rating and set a $330.00 price objective (up from $255.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Finally, Sanford C. Bernstein raised their target price on shares of Palo Alto Networks from $209.00 to $253.00 and gave the stock an "outperform" rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Palo Alto Networks currently has a consensus rating of "Moderate Buy" and a consensus price target of $331.48.

About Palo Alto Networks

Palo Alto Networks NASDAQ: PANW is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company's product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.

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