Palo Alto Networks (NASDAQ:PANW) Director Sells $99,905.00 in Stock

Key Points

• Director Aparna Bawa sold shares of Palo Alto Networks, including 377 shares on June 10 for about $99,905. She also sold additional shares on June 11 and June 12, trimming her ownership slightly.
• The stock was trading near its 12-month high, recently around $279.62 versus a 52-week range of $139.57 to $302.95. The company also has a very large market cap of about $227.9 billion.
• Palo Alto Networks reported strong quarterly results, with earnings of $0.85 per share and revenue of $3.0 billion, both ahead of analyst estimates. Revenue rose 31.1% year over year, and analysts currently have a consensus Moderate Buy rating with a $306.59 price target.

Palo Alto Networks, Inc. (NASDAQ:PANW - Get Free Report) Director Aparna Bawa sold 377 shares of the business's stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $265.00, for a total transaction of $99,905.00. Following the completion of the sale, the director owned 8,795 shares in the company, valued at approximately $2,330,675. This trade represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Aparna Bawa also recently made the following trade(s):

• On Friday, June 12th, Aparna Bawa sold 536 shares of Palo Alto Networks stock. The stock was sold at an average price of $280.00, for a total transaction of $150,080.00.
• On Thursday, June 11th, Aparna Bawa sold 555 shares of Palo Alto Networks stock. The stock was sold at an average price of $270.00, for a total transaction of $149,850.00.

Palo Alto Networks Trading Up 0.0%

Shares of PANW stock traded up $0.09 during trading hours on Friday, reaching $279.62. 6,772,460 shares of the stock were exchanged, compared to its average volume of 9,577,435. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $302.95. 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 company's 50-day moving average price is $214.06 and its 200-day moving average price is $188.58. The firm has a market capitalization of $227.89 billion, a price-to-earnings ratio of 229.20, a price-to-earnings-growth ratio of 9.77 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm's revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, equities analysts anticipate that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PANW. Benchmark upped 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 note on Wednesday, June 3rd. New Street Research cut their price target on shares of Palo Alto Networks from $240.00 to $220.00 and set a "buy" rating on the stock in a research note on Thursday, February 19th. Citizens Jmp restated a "market outperform" rating and set a $250.00 price target on shares of Palo Alto Networks in a research note on Wednesday, February 18th. Royal Bank Of Canada upped their price target on shares of Palo Alto Networks from $255.00 to $330.00 and gave the company an "outperform" rating in a research note on Wednesday, June 3rd. Finally, The Goldman Sachs Group restated a "buy" rating and set a $330.00 price target on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $306.59.

Institutional Trading of Palo Alto Networks

Large investors have recently made changes to their positions in the business. Norges Bank purchased a new position in Palo Alto Networks during the fourth quarter valued at $1,415,364,000. Bank of America Corp DE lifted its holdings in Palo Alto Networks by 16.0% during the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company's stock valued at $3,603,473,000 after purchasing an additional 3,101,267 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Palo Alto Networks by 4.1% during 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 purchasing an additional 2,659,100 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Palo Alto Networks by 1,665.1% during 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 purchasing an additional 2,605,433 shares in the last quarter. Finally, Amundi raised its position in shares of Palo Alto Networks by 67.1% in the first quarter. Amundi now owns 6,297,833 shares of the network technology company's stock valued at $1,009,669,000 after buying an additional 2,528,299 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

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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