Swedbank AB Sells 65,014 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Swedbank AB reduced its holdings in Palo Alto Networks by 4.0%, selling 65,014 shares and retaining 1,569,687 shares valued at approximately $267.85 million.
• Analysts have set various price targets for Palo Alto Networks, with Wells Fargo raising their target from $225.00 to $235.00 and a consensus target price of $211.68 attributed to the stock by analysts.
• Palo Alto Networks recently reported earnings of $0.95 EPS, exceeding estimates, with a revenue increase of 15.8% year-over-year, totaling $2.54 billion for the quarter.

Swedbank AB decreased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 4.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,569,687 shares of the network technology company's stock after selling 65,014 shares during the period. Swedbank AB owned 0.24% of Palo Alto Networks worth $267,851,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Csenge Advisory Group increased its position in shares of 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 purchasing an additional 53 shares during the last quarter. GSG Advisors LLC raised its stake in shares of Palo Alto Networks by 0.4% in the first quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company's stock worth $2,154,000 after purchasing an additional 54 shares during the last quarter. SYM FINANCIAL Corp grew its holdings in shares of Palo Alto Networks by 1.4% in the first quarter. SYM FINANCIAL Corp now owns 4,047 shares of the network technology company's stock worth $691,000 after acquiring an additional 55 shares during the period. Crew Capital Management Ltd. grew its holdings in Palo Alto Networks by 2.5% during the first quarter. Crew Capital Management Ltd. now owns 2,310 shares of the network technology company's stock valued at $394,000 after purchasing an additional 57 shares during the period. Finally, TFB Advisors LLC boosted its stake in shares of Palo Alto Networks by 1.9% in the first quarter. TFB Advisors LLC now owns 3,084 shares of the network technology company's stock worth $526,000 after acquiring an additional 58 shares during the period. Hedge funds and other institutional investors own 79.82% of the company's stock.

Insider Activity

In related news, EVP Lee Klarich sold 120,774 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 177,954 shares of the company's stock, valued at approximately $34,008,788.94. The trade was a 40.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Nir Zuk sold 100,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the sale, the executive vice president directly owned 3,143,516 shares of the company's stock, valued at $543,199,564.80. This represents a 3.08% 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 worth $106,629,618 over the last three months. 2.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PANW. Northland Securities decreased their price objective on Palo Alto Networks from $210.00 to $177.00 and set a "market perform" rating on the stock in a research report on Wednesday, May 21st. JMP Securities reiterated a "market outperform" rating and set a $212.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Wedbush reiterated an "outperform" rating and set a $225.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. TD Securities restated a "buy" rating and set a $230.00 target price on shares of Palo Alto Networks in a research report on Wednesday, May 21st. Finally, BMO Capital Markets lifted their price target on shares of Palo Alto Networks from $217.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Twenty-eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Palo Alto Networks presently has an average rating of "Moderate Buy" and an average target price of $211.68.

Palo Alto Networks Trading Down 1.0%

Shares of PANW traded down $2.04 during mid-day trading on Friday, reaching $196.29. The company had a trading volume of 4,429,693 shares, compared to its average volume of 7,988,031. The firm has a fifty day simple moving average of $188.03 and a 200-day simple moving average of $185.91. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $210.39. The stock has a market cap of $131.30 billion, a price-to-earnings ratio of 122.30, a price-to-earnings-growth ratio of 4.73 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its earnings results 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. The company had revenue of $2.54 billion during 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 quarter in the previous 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, equities analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

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.