Palo Alto Networks, Inc. $PANW Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC trimmed its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 10.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,553 shares of the network technology company's stock after selling 3,080 shares during the period. Pallas Capital Advisors LLC's holdings in Palo Alto Networks were worth $5,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in PANW. Vanguard Group Inc. boosted its holdings in Palo Alto Networks by 2.5% in the first quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company's stock valued at $10,712,019,000 after purchasing an additional 1,541,637 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Palo Alto Networks by 41.9% in the first quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company's stock valued at $1,234,650,000 after purchasing an additional 2,134,735 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Palo Alto Networks by 16.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,902,048 shares of the network technology company's stock valued at $1,177,765,000 after purchasing an additional 950,765 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Palo Alto Networks by 92.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,951,283 shares of the network technology company's stock valued at $1,082,895,000 after purchasing an additional 2,862,718 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Palo Alto Networks in the first quarter valued at $810,047,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Nir Zuk sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the sale, the executive vice president owned 3,143,516 shares in the company, valued at $543,199,564.80. This trade represents a 3.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the sale, the executive vice president owned 101,135 shares of the company's stock, valued at $20,414,099.75. This 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 over the last quarter. 2.50% of the stock is currently owned by corporate insiders.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $201.34 on Wednesday. The company has a 50 day simple moving average of $187.97 and a 200-day simple moving average of $186.09. The company has a market capitalization of $134.68 billion, a P/E ratio of 125.45, a P/E/G ratio of 4.80 and a beta of 0.98. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.06. The business had revenue of $2.54 billion during 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 business's revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 EPS. 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, research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Cantor Fitzgerald reissued an "overweight" rating and set a $223.00 target price on shares of Palo Alto Networks in a research note on Friday, August 15th. Rosenblatt Securities lowered their target price on shares of Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating on the stock in a research note on Thursday, August 14th. Barclays reissued an "overweight" rating and set a $215.00 target price (up from $210.00) on shares of Palo Alto Networks in a research note on Tuesday, August 19th. JMP Securities reissued a "market outperform" rating and set a $212.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Wells Fargo & Company increased their target price on shares of Palo Alto Networks from $225.00 to $235.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Twenty-eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $211.68.

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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