The Manufacturers Life Insurance Company Sells 5,733 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• The Manufacturers Life Insurance Company holds a $66.89 million stake in Palo Alto Networks after trimming its position by 1.4% to 391,965 shares.
• Insider trading activity includes significant sales by executive vice presidents, with 669,422 shares worth over $126 million sold in the last ninety days.
• Palo Alto Networks reported $0.95 EPS in its latest earnings, surpassing analyst expectations and showing a 15.8% year-over-year revenue growth.

The Manufacturers Life Insurance Company trimmed its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 391,965 shares of the network technology company's stock after selling 5,733 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of Palo Alto Networks worth $66,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Clough Capital Partners L P boosted its position in Palo Alto Networks by 58.7% during the first quarter. Clough Capital Partners L P now owns 74,410 shares of the network technology company's stock worth $12,697,000 after purchasing an additional 27,530 shares during the period. Canada Pension Plan Investment Board boosted its position in Palo Alto Networks by 428.8% during the first quarter. Canada Pension Plan Investment Board now owns 316,749 shares of the network technology company's stock worth $54,050,000 after purchasing an additional 256,845 shares during the period. WPG Advisers LLC bought a new stake in Palo Alto Networks during the first quarter worth approximately $37,000. Siren L.L.C. boosted its position in Palo Alto Networks by 91.7% during the first quarter. Siren L.L.C. now owns 11,500 shares of the network technology company's stock worth $1,962,000 after purchasing an additional 5,500 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management boosted its position in Palo Alto Networks by 2.3% during the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 15,658 shares of the network technology company's stock worth $2,672,000 after purchasing an additional 350 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $201.85, for a total value of $1,009,250.00. Following the sale, the executive vice president directly owned 101,135 shares in the company, valued at $20,414,099.75. This represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $172.80, for a total value of $17,280,000.00. Following the completion of the sale, the executive vice president owned 3,143,516 shares in the company, valued at $543,199,564.80. This trade represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 669,422 shares of company stock valued at $126,452,337. 2.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PANW has been the subject of a number of recent analyst reports. Truist Financial set a $220.00 target price on Palo Alto Networks and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Roth Capital initiated coverage on Palo Alto Networks in a research report on Thursday, May 15th. They set a "neutral" rating and a $210.00 target price for the company. Piper Sandler raised Palo Alto Networks from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $200.00 to $225.00 in a research report on Tuesday, August 12th. Scotiabank upped their target price on Palo Alto Networks from $225.00 to $228.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, August 19th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $230.00 target price on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Twenty-eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $211.52.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW traded down $0.50 during trading hours on Friday, reaching $190.52. The stock had a trading volume of 5,189,897 shares, compared to its average volume of 10,595,628. The business's fifty day moving average is $189.39 and its two-hundred day moving average is $185.99. The company has a market cap of $127.04 billion, a price-to-earnings ratio of 118.70, a PEG ratio of 4.55 and a beta of 0.98. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the company posted $0.75 earnings per share. Palo Alto Networks's revenue 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. Sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Palo Alto Networks Company 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.