Sigma Planning Corp Sells 4,185 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Sigma Planning Corp cut its Palo Alto Networks stake by 20.3% in the first quarter, selling 4,185 shares and leaving it with 16,422 shares valued at about $2.63 million.
• Palo Alto Networks reported a strong quarter, with EPS of $0.85 beating estimates and revenue of $3.0 billion, up 31.1% year over year. The company also raised guidance for FY 2026.
• Analysts remain largely positive on PANW, with several firms raising price targets and MarketBeat showing an average rating of “Moderate Buy” and an average price target of $327.74.

Sigma Planning Corp reduced its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 20.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,422 shares of the network technology company's stock after selling 4,185 shares during the period. Sigma Planning Corp's holdings in Palo Alto Networks were worth $2,633,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of Palo Alto Networks by 147.7% during the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock worth $1,230,000 after acquiring an additional 4,031 shares in the last quarter. Bison Wealth LLC grew its holdings in shares of Palo Alto Networks by 169.1% in the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock valued at $948,000 after purchasing an additional 3,275 shares in the last quarter. Sivia Capital Partners LLC increased its position in Palo Alto Networks by 66.3% in the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company's stock worth $713,000 after purchasing an additional 1,389 shares during the last quarter. Osterweis Capital Management Inc. raised its stake in Palo Alto Networks by 11,100.0% during the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company's stock valued at $115,000 after purchasing an additional 555 shares in the last quarter. Finally, Main Street Financial Solutions LLC lifted its position in Palo Alto Networks by 6.0% during the second quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company's stock valued at $900,000 after purchasing an additional 249 shares during the last quarter. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Price Performance

PANW opened at $353.99 on Friday. The business has a fifty day moving average of $287.03 and a 200 day moving average of $211.27. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $368.17. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The stock has a market cap of $288.50 billion, a P/E ratio of 290.16, a PEG ratio of 13.15 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.06. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the firm posted $0.37 earnings per share. The business's revenue was up 31.1% compared to the same quarter last year. 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. As a group, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PANW. Sanford C. Bernstein boosted their target price on shares of Palo Alto Networks from $209.00 to $253.00 and gave the stock an "outperform" rating in a report on Wednesday, June 3rd. Jefferies Financial Group set a $335.00 price target on Palo Alto Networks and gave the stock a "buy" rating in a research report on Wednesday, June 3rd. Barclays reissued an "overweight" rating and set a $315.00 price objective (up from $220.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Mizuho upped their price objective on Palo Alto Networks from $265.00 to $305.00 and gave the company an "outperform" rating in a research report on Wednesday, June 3rd. Finally, William Blair reaffirmed an "outperform" rating on shares of Palo Alto Networks in a research note on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $327.74.

Insider Buying and Selling

In related news, EVP Lee Klarich sold 62,904 shares of the firm's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $258.65, for a total value of $16,270,119.60. Following the transaction, the executive vice president owned 235,983 shares of the company's stock, valued at $61,037,002.95. This trade represents a 21.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John P. Key sold 7,500 shares of the business's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the completion of the sale, the director directly owned 12,500 shares of the company's stock, valued at approximately $3,490,500. This trade represents a 37.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 101,239 shares of company stock worth $27,174,360 over the last ninety days. 1.40% of the stock is owned by insiders.

Palo Alto Networks Company 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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