Palo Alto Networks, Inc. $PANW is Tran Capital Management L.P.'s 7th Largest Position

Key Points

• Tran Capital Management L.P. sold 2,474 shares of Palo Alto Networks, Inc., reducing its holdings by 1.3% to 186,926 shares, valued at approximately $38.25 million.
• The stock's target prices have been revised upward by analysts, with Scotiabank increasing its target from $225 to $228 and Royal Bank of Canada issuing a target of $232.
• Palo Alto Networks reported a 15.8% year-over-year revenue increase, earning $2.54 billion during the last quarter, and beating the analysts' expectations of $2.50 billion.

Tran Capital Management L.P. trimmed its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,926 shares of the network technology company's stock after selling 2,474 shares during the period. Palo Alto Networks comprises about 4.5% of Tran Capital Management L.P.'s portfolio, making the stock its 7th largest position. Tran Capital Management L.P.'s holdings in Palo Alto Networks were worth $38,253,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Capital A Wealth Management LLC purchased a new stake in shares of Palo Alto Networks during the fourth quarter worth approximately $29,000. HWG Holdings LP acquired a new position in shares of Palo Alto Networks during the first quarter valued at $31,000. Dagco Inc. purchased a new stake in Palo Alto Networks in the 1st quarter worth about $33,000. SWAN Capital LLC grew its holdings in Palo Alto Networks by 100.0% in the 4th quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock valued at $36,000 after buying an additional 100 shares during the last quarter. Finally, WPG Advisers LLC acquired a new stake in Palo Alto Networks in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 79.82% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PANW shares. Bank of America upgraded Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 target price on the stock in a report on Tuesday, August 19th. DA Davidson reaffirmed a "buy" rating and issued a $215.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. Piper Sandler raised Palo Alto Networks from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $200.00 to $225.00 in a report on Tuesday, August 12th. Royal Bank Of Canada reiterated an "outperform" rating and set a $232.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $212.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Twenty-nine equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $212.39.

Insider Transactions at Palo Alto Networks

In related news, EVP Dipak Golechha sold 5,000 shares of the company's stock in a transaction that occurred 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 Lee Klarich sold 120,774 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $191.11, for a total value of $23,081,119.14. Following the transaction, the executive vice president directly owned 177,954 shares in the company, valued at $34,008,788.94. The trade was a 40.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 568,622 shares of company stock worth $106,468,778. 2.50% of the stock is owned by corporate insiders.

Palo Alto Networks Stock Up 1.2%

Shares of Palo Alto Networks stock traded up $2.51 during trading on Friday, hitting $208.19. The stock had a trading volume of 8,643,982 shares, compared to its average volume of 5,548,172. The stock has a 50 day simple moving average of $188.60 and a 200 day simple moving average of $186.59. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $210.39. The company has a market capitalization of $139.26 billion, a PE ratio of 129.71, a P/E/G ratio of 4.96 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted 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 business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The firm's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior 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 expect 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.