Parcion Private Wealth LLC Sells 1,396 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Parcion Private Wealth LLC sold 1,396 shares of Palo Alto Networks, reducing its holdings by 16.7% during the second quarter, now owning 6,957 shares worth approximately $1.42 million.
• Analysts are optimistic about Palo Alto Networks, with Mizuho and Oppenheimer raising their price targets to $220 and $245 respectively, indicating a consensus target price of $217.22.
• Palo Alto Networks reported $0.95 EPS for the last quarter, exceeding estimates, with a revenue increase of 15.8% year-over-year, leading to a net income margin of 12.30%.

Parcion Private Wealth LLC lessened its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 16.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,957 shares of the network technology company's stock after selling 1,396 shares during the period. Parcion Private Wealth LLC's holdings in Palo Alto Networks were worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Palo Alto Networks by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company's stock worth $10,712,019,000 after acquiring an additional 1,541,637 shares during the period. Goldman Sachs Group Inc. increased its holdings in Palo Alto Networks by 41.9% during the 1st 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Palo Alto Networks by 16.0% during the 1st 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 worth $1,177,765,000 after acquiring an additional 950,765 shares during the period. Nuveen LLC bought a new stake in Palo Alto Networks during the 1st quarter worth approximately $810,047,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Palo Alto Networks by 5.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,422,037 shares of the network technology company's stock worth $754,576,000 after acquiring an additional 219,111 shares during the period. Institutional investors own 79.82% of the company's stock.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total transaction of $141,512.00. Following the transaction, the chief accounting officer owned 32,474 shares of the company's stock, valued at $6,564,943.84. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nikesh Arora sold 846,408 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 275,013 shares in the company, valued at $56,119,152.78. This trade represents a 75.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,315,130 shares of company stock worth $260,687,367 over the last ninety days. 2.50% of the stock is owned by company insiders.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock opened at $214.40 on Wednesday. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $217.94. The stock has a market capitalization of $143.41 billion, a price-to-earnings ratio of 133.58, a price-to-earnings-growth ratio of 5.04 and a beta of 0.98. The company has a fifty day moving average of $198.45 and a 200-day moving average of $191.16.

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 analysts' consensus estimates of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the prior year, the company earned $0.75 EPS. The firm's revenue was up 15.8% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, equities research analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Mizuho upped their target price on shares of Palo Alto Networks from $210.00 to $220.00 and gave the stock an "outperform" rating in a report on Friday, October 17th. Oppenheimer boosted their price target on shares of Palo Alto Networks from $225.00 to $245.00 and gave the stock an "outperform" rating in a research note on Friday, October 17th. BTIG Research raised shares of Palo Alto Networks from a "neutral" rating to a "buy" rating in a research note on Monday, October 13th. Royal Bank Of Canada reissued an "outperform" rating and issued a $232.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Sanford C. Bernstein set a $207.00 price target on shares of Palo Alto Networks and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Thirty investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Palo Alto Networks currently has an average rating of "Moderate Buy" and a consensus target price of $217.22.

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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