Palo Alto Networks (NASDAQ:PANW) EVP Dipak Golechha Sells 5,000 Shares

Key Points

• Dipak Golechha, EVP of Palo Alto Networks, sold 5,000 shares at an average price of $204.19, totaling approximately $1.02 million, reducing his ownership by 4.94%.
• Palo Alto Networks stock has seen a decline of 1.3%, trading at $200.70, with a market capitalization of $134.25 billion.
• The company reported earnings of $0.95 per share, exceeding expectations, with revenues of $2.54 billion, reflecting a 15.8% year-over-year increase.

Palo Alto Networks, Inc. (NASDAQ:PANW - Get Free Report) EVP Dipak Golechha sold 5,000 shares of the business's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the transaction, the executive vice president owned 96,135 shares in the company, valued at approximately $19,629,805.65. This trade represents a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Palo Alto Networks Stock Down 1.3%

Palo Alto Networks stock traded down $2.55 during midday trading on Wednesday, hitting $200.70. 5,156,554 shares of the stock were exchanged, compared to its average volume of 6,403,125. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $210.39. The stock has a market capitalization of $134.25 billion, a price-to-earnings ratio of 125.05, a price-to-earnings-growth ratio of 4.96 and a beta of 0.98. The business's 50-day moving average price is $189.17 and its 200-day moving average price is $186.89.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly 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. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business had revenue of $2.54 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The firm's revenue for the quarter was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, sell-side analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $223.00 target price on shares of Palo Alto Networks in a research note on Friday, August 15th. Jefferies Financial Group set a $235.00 target price on shares of Palo Alto Networks in a research note on Tuesday, July 29th. Sanford C. Bernstein set a $207.00 target price on shares of Palo Alto Networks and gave the company an "outperform" rating in a research note on Tuesday, August 19th. JMP Securities reiterated a "market outperform" rating and issued a $212.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Westpark Capital reiterated a "hold" rating on shares of Palo Alto Networks in a research note 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 given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $212.39.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PANW. Darwin Wealth Management LLC purchased a new position in Palo Alto Networks in the 2nd quarter worth approximately $25,000. Whipplewood Advisors LLC lifted its holdings in shares of Palo Alto Networks by 6,400.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company's stock worth $27,000 after acquiring an additional 128 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in shares of Palo Alto Networks during the 2nd quarter worth $28,000. Capital A Wealth Management LLC purchased a new position in Palo Alto Networks in the fourth quarter worth $29,000. Finally, Howard Hughes Medical Institute bought a new position in Palo Alto Networks in the second quarter valued at $29,000. Hedge funds and other institutional investors own 79.82% of the company's stock.

About Palo Alto Networks

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.

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