Parkside Investments LLC Sells 3,000 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Parkside Investments LLC reduced its stake in Palo Alto Networks, Inc. by 75%, selling 3,000 shares, leaving them with 1,000 shares valued at $205,000.
• Multiple analysts have adjusted their price targets for Palo Alto Networks, with Bank of America and DA Davidson both setting targets of $215.
• Palo Alto Networks reported earnings of $0.95 per share for the last quarter, exceeding analyst expectations, with revenue also surpassing estimates at $2.54 billion.

Parkside Investments LLC decreased its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 75.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,000 shares of the network technology company's stock after selling 3,000 shares during the period. Parkside Investments LLC's holdings in Palo Alto Networks were worth $205,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Palo Alto Networks in the first quarter worth approximately $261,000. Strive Asset Management LLC lifted its stake in Palo Alto Networks by 16.6% in the first quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company's stock worth $358,000 after acquiring an additional 299 shares during the period. GAMMA Investing LLC lifted its stake in Palo Alto Networks by 10.8% in the first quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock worth $2,410,000 after acquiring an additional 1,374 shares during the period. Czech National Bank lifted its stake in Palo Alto Networks by 6.4% in the second quarter. Czech National Bank now owns 161,840 shares of the network technology company's stock worth $33,119,000 after acquiring an additional 9,766 shares during the period. Finally, Avity Investment Management Inc. lifted its stake in Palo Alto Networks by 37.9% in the second quarter. Avity Investment Management Inc. now owns 181,691 shares of the network technology company's stock worth $37,181,000 after acquiring an additional 49,971 shares during the period. Institutional investors own 79.82% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on PANW shares. DA Davidson reaffirmed a "buy" rating and issued a $215.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Bank of America raised Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 price target for the company in a research note on Tuesday, August 19th. Sanford C. Bernstein set a $207.00 price objective on Palo Alto Networks and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Westpark Capital reissued a "hold" rating on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Finally, Scotiabank raised their price objective on Palo Alto Networks from $225.00 to $228.00 and gave the company a "sector outperform" rating in a research report on Tuesday, August 19th. Thirty 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $214.64.

Palo Alto Networks Price Performance

PANW opened at $203.96 on Tuesday. The stock has a 50-day moving average price of $189.67 and a 200-day moving average price of $187.63. The firm has a market cap of $136.43 billion, a PE ratio of 127.08, a P/E/G ratio of 4.82 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 posted its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.Palo Alto Networks's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous 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, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Activity

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of the business's stock in a transaction dated Friday, August 1st. The stock was 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 directly owned 3,143,516 shares in the company, valued at $543,199,564.80. The trade was a 3.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the business's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total value of $1,020,950.00. Following the sale, the executive vice president owned 96,135 shares of the company's stock, valued at approximately $19,629,805.65. This represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,314,430 shares of company stock worth $259,210,094. Insiders own 2.50% of the company's stock.

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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