Teamwork Financial Advisors LLC Sells 11,380 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Teamwork Financial Advisors sharply reduced its Palo Alto Networks position by 83.8%, selling 11,380 shares and retaining 2,194 shares worth approximately $748,000. Institutional investors still own 79.82% of PANW.
• Wall Street remains broadly bullish: analysts have assigned a consensus “Moderate Buy” rating and an average price target of $333.76, with several firms recently raising their targets to between $340 and $387.
• Palo Alto Networks exceeded quarterly expectations, reporting $0.85 in adjusted EPS on $3 billion in revenue, while revenue grew 31.1% year over year. However, insiders sold 101,239 shares worth $27.2 million over the past 90 days, and the stock trades at a very high price-to-earnings ratio of 298.25.

Teamwork Financial Advisors LLC cut its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 83.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,194 shares of the network technology company's stock after selling 11,380 shares during the quarter. Teamwork Financial Advisors LLC's holdings in Palo Alto Networks were worth $748,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PANW. Norges Bank bought a new position in shares of Palo Alto Networks during the 4th quarter worth approximately $1,415,364,000. Bank of America Corp DE boosted its stake in shares of Palo Alto Networks by 16.0% in the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company's stock worth $3,603,473,000 after buying an additional 3,101,267 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Palo Alto Networks by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company's stock valued at $12,512,533,000 after acquiring an additional 2,659,100 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Palo Alto Networks by 1,665.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,761,909 shares of the network technology company's stock valued at $442,788,000 after acquiring an additional 2,605,433 shares in the last quarter. Finally, Amundi increased its position in shares of Palo Alto Networks by 67.1% during the first quarter. Amundi now owns 6,297,833 shares of the network technology company's stock valued at $1,009,669,000 after acquiring an additional 2,528,299 shares during the last quarter. 79.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PANW has been the topic of several research analyst reports. Piper Sandler reissued an "overweight" rating and issued a $345.00 price objective (up from $265.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Rosenblatt Securities raised their target price on Palo Alto Networks from $275.00 to $355.00 and gave the company a "buy" rating in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on Palo Alto Networks from $220.00 to $350.00 and gave the stock a "buy" rating in a research note on Wednesday, June 3rd. Morgan Stanley reissued an "overweight" rating and issued a $387.00 price target (up from $320.00) on shares of Palo Alto Networks in a report on Tuesday, July 21st. Finally, Benchmark increased their price target on shares of Palo Alto Networks from $270.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $333.76.

Insiders Place Their Bets

In other news, Director Helle Thorning-Schmidt sold 700 shares of the business's stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $346.85, for a total value of $242,795.00. Following the sale, the director owned 5,898 shares of the company's stock, valued at $2,045,721.30. The trade was a 10.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James J. Goetz sold 20,000 shares of the company's stock in a transaction that occurred on 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 sale, the director 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 SEC filing for this sale provides additional information. Insiders sold a total of 101,239 shares of company stock worth $27,174,360 in the last ninety days. 1.40% of the stock is owned by corporate insiders.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $363.86 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $317.88 and a two-hundred day simple moving average of $228.20. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $376.98. The firm has a market cap of $296.55 billion, a price-to-earnings ratio of 298.25, a price-to-earnings-growth ratio of 12.06 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The business's revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.37 EPS. 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. Analysts anticipate that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

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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