Scientech Research LLC Cuts Stock Holdings in Palo Alto Networks, Inc. $PANW

Scientech Research LLC decreased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 43.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,661 shares of the network technology company's stock after selling 4,267 shares during the quarter. Scientech Research LLC's holdings in Palo Alto Networks were worth $966,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in PANW. Nuveen LLC purchased a new stake in shares of Palo Alto Networks during the first quarter valued at approximately $810,047,000. Nuveen Asset Management LLC grew its holdings in shares of Palo Alto Networks by 98.0% during the fourth quarter. Nuveen Asset Management LLC now owns 6,158,580 shares of the network technology company's stock valued at $1,120,615,000 after buying an additional 3,047,625 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Palo Alto Networks by 92.7% during 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 buying an additional 2,862,718 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Palo Alto Networks by 18,802.8% during the first quarter. GAMMA Investing LLC now owns 2,410,290 shares of the network technology company's stock valued at $411,292,000 after buying an additional 2,397,539 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Palo Alto Networks by 41.9% during 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 buying an additional 2,134,735 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company's stock.

Palo Alto Networks Price Performance

Shares of Palo Alto Networks stock opened at $194.46 on Monday. The company's fifty day simple moving average is $188.33 and its 200-day simple moving average is $185.62. The stock has a market capitalization of $130.07 billion, a PE ratio of 121.16, a P/E/G ratio of 4.64 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 data on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. The firm had revenue of $2.54 billion for 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 company's revenue was up 15.8% on a year-over-year basis. During the same period 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 anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PANW shares. UBS Group set a $185.00 target price on shares of Palo Alto Networks and gave the stock a "neutral" rating in a report on Tuesday, August 12th. JMP Securities restated a "market outperform" rating and issued a $212.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. BMO Capital Markets raised their target price on shares of Palo Alto Networks from $217.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Stephens restated an "equal weight" rating and issued a $205.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, Morgan Stanley raised their target price on shares of Palo Alto Networks from $210.00 to $216.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Twenty-eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $211.68.

Insider Activity

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction on Friday, August 1st. The shares were sold at an average price of $172.80, for a total value of $17,280,000.00. Following the sale, the executive vice president directly owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. The trade was a 3.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the completion of the sale, the executive vice president owned 177,954 shares in the company, valued at approximately $34,008,788.94. This represents a 40.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 569,422 shares of company stock valued at $106,629,618 over the last 90 days. Company 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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