Phoenix Financial Ltd. Trims Stock Position in Palo Alto Networks, Inc. $PANW

Key Points

• Phoenix Financial Ltd. reduced its stake in Palo Alto Networks by 46.3%, owning 54,465 shares valued at approximately $11.14 million after selling nearly 47,000 shares in the second quarter.
• In a recent insider transaction, EVP Lee Klarich sold 120,774 shares for over $25.5 million, representing a 44.74% decrease in his holdings.
• Palo Alto Networks reported a 15.8% increase in revenue year-over-year, posting $2.54 billion for the latest quarter, exceeding analysts' expectations.

Phoenix Financial Ltd. cut its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 46.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,465 shares of the network technology company's stock after selling 46,898 shares during the quarter. Phoenix Financial Ltd.'s holdings in Palo Alto Networks were worth $11,141,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. HWG Holdings LP purchased a new position in Palo Alto Networks during the first quarter worth about $31,000. Dagco Inc. purchased a new position in Palo Alto Networks during the first quarter worth about $33,000. Marshall & Sullivan Inc. WA purchased a new position in Palo Alto Networks during the second quarter worth about $41,000. WPG Advisers LLC acquired a new stake in Palo Alto Networks during the first quarter worth about $37,000. Finally, Strategic Investment Solutions Inc. IL increased its stake in Palo Alto Networks by 58.9% during the first quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock worth $38,000 after acquiring an additional 83 shares during the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the firm's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the completion of the sale, the executive vice president owned 149,190 shares in the company, valued at $31,616,344.80. This trade represents a 44.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Josh D. Paul sold 700 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total value of $141,512.00. Following the sale, the chief accounting officer owned 32,474 shares of the company's stock, valued at approximately $6,564,943.84. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,315,130 shares of company stock valued at $260,687,367. Company insiders own 2.50% of the company's stock.

Palo Alto Networks Stock Performance

PANW stock opened at $211.82 on Tuesday. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $217.94. The firm has a market cap of $141.69 billion, a P/E ratio of 131.98, a price-to-earnings-growth ratio of 4.94 and a beta of 0.98. The stock has a 50-day simple moving average of $197.67 and a 200-day simple moving average of $191.00.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results 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 return on equity of 17.66% and a net margin of 12.30%.The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The company's revenue for the quarter was up 15.8% compared to the same quarter last year. 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 predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Oppenheimer upped their price target on Palo Alto Networks from $225.00 to $245.00 and gave the stock an "outperform" rating in a research note on Friday. Rosenblatt Securities dropped their price target on Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating for the company in a research note on Thursday, August 14th. Guggenheim upped their price target on Palo Alto Networks from $130.00 to $135.00 and gave the stock a "sell" rating in a research note on Tuesday, August 19th. BMO Capital Markets upped their price target on Palo Alto Networks from $217.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Finally, Scotiabank upped their price target on Palo Alto Networks from $225.00 to $228.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 19th. Thirty analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Palo Alto Networks currently has an average rating of "Moderate Buy" and an average price target of $216.60.

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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