State of Alaska Department of Revenue Sells 3,080 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• The State of Alaska Department of Revenue has decreased its stake in Palo Alto Networks, Inc. by 4.0%, now holding 74,450 shares worth approximately $15.2 million.
• Palo Alto Networks reported a quarterly earnings per share of $0.95, surpassing the consensus estimate of $0.89, with revenue increasing by 15.8% year-over-year.
• The company has a strong institutional ownership, with 79.82% of its stock held by institutional investors, contributing to its significant market capitalization of $135.37 billion.

State of Alaska Department of Revenue reduced its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,450 shares of the network technology company's stock after selling 3,080 shares during the period. State of Alaska Department of Revenue's holdings in Palo Alto Networks were worth $15,235,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. St. Clair Advisors LLC lifted its stake in Palo Alto Networks by 0.3% during the 2nd quarter. St. Clair Advisors LLC now owns 15,800 shares of the network technology company's stock valued at $3,233,000 after acquiring an additional 50 shares in the last quarter. Csenge Advisory Group lifted its stake in Palo Alto Networks by 2.4% during the 1st quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company's stock valued at $381,000 after acquiring an additional 53 shares in the last quarter. GSG Advisors LLC lifted its stake in Palo Alto Networks by 0.4% during the 1st quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company's stock valued at $2,154,000 after acquiring an additional 54 shares in the last quarter. SYM FINANCIAL Corp lifted its stake in Palo Alto Networks by 1.4% during the 1st quarter. SYM FINANCIAL Corp now owns 4,047 shares of the network technology company's stock valued at $691,000 after acquiring an additional 55 shares in the last quarter. Finally, Crew Capital Management Ltd. lifted its stake in Palo Alto Networks by 2.5% during the 1st quarter. Crew Capital Management Ltd. now owns 2,310 shares of the network technology company's stock valued at $394,000 after acquiring an additional 57 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Stock Performance

Shares of PANW opened at $202.37 on Friday. The business has a 50-day moving average of $189.58 and a 200 day moving average of $187.34. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $210.39. The firm has a market cap of $135.37 billion, a P/E ratio of 126.09, a price-to-earnings-growth ratio of 4.81 and a beta of 0.98.

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 earnings per share for the quarter, topping the consensus estimate 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 company 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 posted $0.75 EPS. The firm's revenue for the quarter was up 15.8% on a year-over-year basis. 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 predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Tigress Financial assumed coverage on Palo Alto Networks in a research note on Friday. They set a "buy" rating and a $245.00 price objective on the stock. KeyCorp lowered Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 31st. Jefferies Financial Group set a $235.00 target price on Palo Alto Networks in a research report on Tuesday, July 29th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $232.00 target price on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Finally, Truist Financial set a $220.00 target price on Palo Alto Networks and gave the company a "buy" rating in a research report on Tuesday, August 19th. Thirty analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $214.64.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the completion of the transaction, the executive vice president owned 177,954 shares of the company's stock, valued at $34,008,788.94. The trade was a 40.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $184.20, for a total value of $128,940.00. Following the transaction, the chief accounting officer directly owned 37,723 shares of the company's stock, valued at $6,948,576.60. The trade was a 1.82% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,415,030 shares of company stock worth $279,198,494. 2.50% of the stock is owned by corporate insiders.

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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