TD Waterhouse Canada Inc. Reduces Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• TD Waterhouse Canada reduced its Palo Alto Networks position by 10.6% in the second quarter, selling 57,440 shares and retaining 486,224 shares valued at approximately $171.2 million.
• Institutional investors hold about 79.8% of PANW’s shares, while recent insider transactions were predominantly sales, including approximately $11.2 million in insider selling over the past 90 days.
• Palo Alto Networks reported strong quarterly results, with revenue up 34.5% to $3.41 billion and adjusted EPS of $1.02, but its premium valuation and profit-taking have pressured the stock despite a consensus analyst rating of “Moderate Buy.”

TD Waterhouse Canada Inc. lowered its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 10.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 486,224 shares of the network technology company's stock after selling 57,440 shares during the quarter. TD Waterhouse Canada Inc. owned about 0.06% of Palo Alto Networks worth $171,212,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PANW. Darwin Wealth Management LLC bought a new position in Palo Alto Networks during the 2nd quarter valued at about $25,000. Knuff & Co LLC bought a new stake in Palo Alto Networks in the fourth quarter worth about $26,000. Solstein Capital LLC bought a new stake in Palo Alto Networks in the second quarter worth about $26,000. Sittner & Nelson LLC boosted its position in shares of Palo Alto Networks by 73.8% during the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company's stock valued at $27,000 after buying an additional 62 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Palo Alto Networks during the second quarter valued at approximately $27,000. Institutional investors own 79.82% of the company's stock.

Trending Headlines about Palo Alto Networks

Here are the key news stories impacting Palo Alto Networks this week:

• Positive Sentiment: Strong fiscal fourth-quarter results: Revenue rose 34% year over year to $3.41 billion, exceeding the $3.35 billion consensus estimate, while adjusted earnings of $1.02 per share topped expectations by $0.04. Next-generation security annual recurring revenue increased 63% to $9.1 billion, including nearly $1 billion of net new ARR. Palo Alto crushes earnings expectations: stock is down 8%- here's why
• Positive Sentiment: Optimistic outlook and AI demand: Management issued fiscal 2027 guidance above Wall Street expectations and highlighted rising demand for platform-based cybersecurity solutions as AI-related threats expand. Analysts also cited strong cash flow, platform adoption and the company’s AI-led growth strategy. PANW Q4 Earnings Call Focuses on AI-Led Platformization
• Positive Sentiment: Analyst support remains strong: Citigroup raised its price target to $410, while RBC lifted its target to $475. DA Davidson, Susquehanna, Rosenblatt, BTIG, Needham and Cantor Fitzgerald also maintained or reiterated bullish ratings with targets generally above the current trading level.
• Positive Sentiment: External bullish commentary: Jim Cramer described Palo Alto Networks favorably following the earnings report, potentially supporting investor sentiment toward the cybersecurity leader. Jim Cramer is Bullish on Palo Alto After Earnings Report
• Neutral Sentiment: Console acquisition: Palo Alto Networks reportedly paid approximately $500 million in cash and stock for AI help-desk startup Console. The deal could expand its AI capabilities, but the price and integration risks may temper the immediate benefit. Palo Alto Networks paid $500M for Thrive-backed Console
• Negative Sentiment: Valuation and profit-taking pressured the stock: Despite the earnings beat, shares fell sharply after investors viewed the results as insufficient relative to PANW’s premium valuation and lofty growth expectations. Barclays reportedly warned that the stock may have limited upside after a substantial prior rally. Palo Alto Networks Topped Estimates. The Stock Is Sinking Anyway
• Negative Sentiment: Insider selling: Chief Accounting Officer Josh Paul sold 900 shares for approximately $336,000. The sale represented only 1.23% of his holdings, limiting its significance, but it may add modestly to investor caution.

Insider Buying and Selling at Palo Alto Networks

In related news, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.90, for a total value of $5,598,000.00. Following the completion of the sale, the director directly owned 20,000 shares in the company, valued at $5,598,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Helle Thorning-Schmidt sold 700 shares of the company's stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total transaction of $242,795.00. Following the completion of the sale, the director directly owned 5,898 shares of the company's stock, valued at approximately $2,045,721.30. This trade represents a 10.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 38,635 shares of company stock worth $11,150,578. Insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PANW. Loop Capital increased their price target on Palo Alto Networks from $160.00 to $290.00 and gave the stock a "hold" rating in a report on Wednesday, June 3rd. Arete Research boosted their price objective on Palo Alto Networks from $185.00 to $433.00 and gave the company a "buy" rating in a report on Monday, June 29th. New Street Research set a $415.00 price objective on Palo Alto Networks in a research report on Tuesday, August 18th. Morgan Stanley reiterated an "overweight" rating and issued a $394.00 target price (up from $387.00) on shares of Palo Alto Networks in a research note on Wednesday. Finally, Citigroup reiterated a "market outperform" rating on shares of Palo Alto Networks in a research report on Wednesday. Forty analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, Palo Alto Networks currently has a consensus rating of "Moderate Buy" and an average price target of $385.67.

Palo Alto Networks Stock Performance

Palo Alto Networks stock opened at $331.94 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.87. The company has a market capitalization of $270.53 billion, a PE ratio of 650.88, a P/E/G ratio of 10.04 and a beta of 0.91. The company has a 50 day moving average price of $349.60 and a 200-day moving average price of $254.27. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $398.88.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.04. The company had revenue of $3.41 billion for the quarter, compared to analysts' expectations of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%.Palo Alto Networks's revenue was up 34.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. As a group, equities analysts forecast that Palo Alto Networks, Inc. will post 2.25 earnings per share for the current year.

About Palo Alto Networks

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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