Palogic Value Management L.P. Decreases Stock Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• Palogic Value Management cut its Palo Alto Networks stake by 54.6% in the second quarter, selling 7,861 shares and retaining 6,549 shares valued at approximately $2.23 million. Institutional investors collectively own 79.82% of PANW.
• Palo Alto Networks reported quarterly earnings of $1.02 per share, exceeding estimates of $0.98, while revenue rose 34.5% year over year to $3.41 billion. The stock opened at $335.10, down 0.6%.
• Analyst sentiment remains positive, with 39 Buy ratings and 11 Holds; the stock has a consensus “Moderate Buy” rating and an average price target of $386.32.

Palogic Value Management L.P. reduced its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 54.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,549 shares of the network technology company's stock after selling 7,861 shares during the period. Palogic Value Management L.P.'s holdings in Palo Alto Networks were worth $2,233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Darwin Wealth Management LLC purchased a new stake in Palo Alto Networks during the second quarter valued at approximately $25,000. Knuff & Co LLC purchased a new position in Palo Alto Networks in the fourth quarter worth $26,000. Solstein Capital LLC acquired a new position in shares of Palo Alto Networks during the second quarter worth $26,000. Sittner & Nelson LLC lifted its holdings in shares of Palo Alto Networks by 73.8% during the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company's stock valued at $27,000 after purchasing an additional 62 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Palo Alto Networks during the 2nd quarter valued at $27,000. Hedge funds and other institutional investors own 79.82% of the company's stock.

Insiders Place Their Bets

In other news, Director James Goetz sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the sale, the director owned 20,000 shares of the company's stock, valued at $5,598,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Helle Thorning-Schmidt sold 700 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $346.85, for a total transaction of $242,795.00. Following the transaction, the director directly owned 5,898 shares of the company's stock, valued at approximately $2,045,721.30. This trade represents a 10.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 37,703 shares of company stock worth $10,900,823. Corporate insiders own 1.40% of the company's stock.

Palo Alto Networks Trading Down 0.6%

Shares of Palo Alto Networks stock opened at $335.10 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.86. The firm has a fifty day moving average price of $349.79 and a 200 day moving average price of $259.23. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $398.88. The stock has a market cap of $273.11 billion, a PE ratio of 657.07, a price-to-earnings-growth ratio of 9.73 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.98 by $0.04. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The firm's revenue was up 34.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.95 earnings per share. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. Equities research analysts predict that Palo Alto Networks, Inc. will post 2.3 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on PANW shares. Evercore reissued an "outperform" rating on shares of Palo Alto Networks in a report on Monday, August 31st. Citizens Jmp lifted their target price on shares of Palo Alto Networks from $320.00 to $415.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 12th. Capital One Financial boosted their target price on shares of Palo Alto Networks from $421.00 to $428.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 2nd. Oppenheimer reaffirmed an "outperform" rating and set a $450.00 price target (up from $400.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. boosted their price target on Palo Alto Networks from $326.00 to $384.00 and gave the company an "overweight" rating in a research note on Tuesday, August 25th. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, Palo Alto Networks presently has an average rating of "Moderate Buy" and an average price target of $386.32.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc is a cybersecurity company that provides security products and services to businesses, governments and other organizations worldwide. The company helps customers protect networks, cloud environments, endpoints, applications and connected devices from cyber threats.

Its portfolio includes next-generation firewalls and network security technologies, as well as cloud-delivered security solutions such as Prisma Access and Prisma Cloud. Palo Alto Networks also offers Cortex products for endpoint protection, security operations, threat detection and response, and automation.

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