Sequoia Financial Advisors LLC Has $30.22 Million Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• Sequoia Financial Advisors LLC cut its Palo Alto Networks stake by 14.8% in the first quarter, selling 32,620 shares and leaving it with 188,521 shares valued at about $30.22 million.
• Palo Alto Networks reported strong quarterly results, with EPS of $0.85 versus $0.79 expected and revenue of $3.0 billion, up 31.1% year over year.
• Analysts remain broadly positive on PANW, with several firms raising price targets; the stock has a consensus rating of “Moderate Buy” and an average target price of $318.65.

Sequoia Financial Advisors LLC decreased its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 14.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 188,521 shares of the network technology company's stock after selling 32,620 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Palo Alto Networks were worth $30,224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of PANW. Janney Montgomery Scott LLC boosted its position in Palo Alto Networks by 15.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company's stock worth $65,796,000 after acquiring an additional 53,485 shares during the last quarter. Aviva PLC raised its holdings in shares of Palo Alto Networks by 5.4% in the fourth quarter. Aviva PLC now owns 568,804 shares of the network technology company's stock valued at $104,774,000 after purchasing an additional 29,230 shares during the last quarter. Granite Islands Private Wealth LLC raised its holdings in shares of Palo Alto Networks by 43.6% in the first quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company's stock valued at $2,453,000 after purchasing an additional 4,659 shares during the last quarter. Peapack Gladstone Financial Corp lifted its position in shares of Palo Alto Networks by 8.8% in the fourth quarter. Peapack Gladstone Financial Corp now owns 48,458 shares of the network technology company's stock worth $8,926,000 after purchasing an additional 3,926 shares in the last quarter. Finally, Oak Thistle LLC acquired a new position in Palo Alto Networks during the fourth quarter worth $1,554,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Stock Performance

Palo Alto Networks stock traded down $12.40 during mid-day trading on Friday, hitting $325.91. 4,677,069 shares of the company's stock traded hands, compared to its average volume of 7,047,614. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $274.08 and a two-hundred day simple moving average of $206.64. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $368.17. The stock has a market cap of $265.62 billion, a price-to-earnings ratio of 267.14, a P/E/G ratio of 12.56 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the firm earned $0.37 earnings per share. The company's revenue was up 31.1% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. On average, research analysts expect that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, Director Helle Thorning-Schmidt sold 700 shares of Palo Alto Networks stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $346.85, for a total value of $242,795.00. Following the completion of the sale, the director owned 5,898 shares in the company, valued at $2,045,721.30. The trade was a 10.61% 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, Director James J. Goetz sold 20,000 shares of the business's stock in a transaction dated 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 completion of the sale, the director directly owned 20,000 shares of the company's stock, valued at $5,598,000. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 101,239 shares of company stock valued at $27,174,360. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PANW shares. Needham & Company LLC boosted their price target on shares of Palo Alto Networks from $350.00 to $425.00 and gave the stock a "buy" rating in a research report on Tuesday. Wolfe Research reaffirmed an "outperform" rating and set a $320.00 price target on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Citigroup reissued a "market outperform" rating on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Barclays restated an "overweight" rating and set a $315.00 target price (up from $220.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Finally, BMO Capital Markets increased their price target on shares of Palo Alto Networks from $270.00 to $335.00 and gave the company an "outperform" rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $318.65.

Palo Alto Networks Profile

Palo Alto Networks NASDAQ: PANW is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company's product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.

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