Palo Alto Networks (NASDAQ:PANW) EVP Lee Klarich Sells 120,774 Shares

Key Points

• Lee Klarich, EVP of Palo Alto Networks, sold 120,774 shares at an average price of $191.11, totaling over $23 million and decreasing his stake by 40.43% to approximately 178,000 shares.
• Palo Alto Networks reported quarterly earnings of $0.95 per share, surpassing expectations, with revenue reaching $2.54 billion, reflecting a 15.8% year-over-year increase.
• Analysts have set new price targets for Palo Alto Networks, ranging from $205 to $232, indicating a general outlook of a 'Moderate Buy' consensus among 41 analysts.

Palo Alto Networks, Inc. (NASDAQ:PANW - Get Free Report) EVP Lee Klarich sold 120,774 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the sale, the executive vice president directly owned 177,954 shares in the company, valued at approximately $34,008,788.94. This represents a 40.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Lee Klarich also recently made the following trade(s):

• On Monday, August 4th, Lee Klarich sold 120,774 shares of Palo Alto Networks stock. The stock was sold at an average price of $171.58, for a total transaction of $20,722,402.92.
• On Monday, July 7th, Lee Klarich sold 120,774 shares of Palo Alto Networks stock. The stock was sold at an average price of $200.86, for a total transaction of $24,258,665.64.

Palo Alto Networks Price Performance

PANW traded up $2.11 during midday trading on Friday, reaching $194.46. 5,531,806 shares of the company's stock were exchanged, compared to its average volume of 6,461,906. The stock has a market capitalization of $130.07 billion, a PE ratio of 121.16, a P/E/G ratio of 4.58 and a beta of 0.98. The business's 50-day moving average price is $188.46 and its 200 day moving average price is $185.94. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. The business had revenue of $2.54 billion during 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 company's revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 earnings per share. 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, analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Institutional Trading of Palo Alto Networks

A number of institutional investors and hedge funds have recently modified their holdings of PANW. Brighton Jones LLC raised its holdings in shares of Palo Alto Networks by 147.7% during the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock worth $1,230,000 after purchasing an additional 4,031 shares during the period. Bank Pictet & Cie Europe AG increased its holdings in shares of Palo Alto Networks by 115.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 43,985 shares of the network technology company's stock worth $8,004,000 after acquiring an additional 23,586 shares during the period. Bison Wealth LLC increased its holdings in shares of Palo Alto Networks by 169.1% in the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock worth $948,000 after acquiring an additional 3,275 shares during the period. Cresset Asset Management LLC increased its holdings in shares of Palo Alto Networks by 11.6% in the 4th quarter. Cresset Asset Management LLC now owns 54,188 shares of the network technology company's stock worth $9,860,000 after acquiring an additional 5,649 shares during the period. Finally, CoreCap Advisors LLC increased its holdings in shares of Palo Alto Networks by 104.3% in the 4th quarter. CoreCap Advisors LLC now owns 4,249 shares of the network technology company's stock worth $773,000 after acquiring an additional 2,169 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Stephens reiterated an "equal weight" rating and set a $205.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Needham & Company LLC reiterated a "buy" rating and set a $230.00 price objective on shares of Palo Alto Networks in a research note on Wednesday. Barclays reiterated an "overweight" rating and set a $215.00 price objective (up from $210.00) on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Royal Bank Of Canada reiterated an "outperform" rating and set a $232.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Rosenblatt Securities decreased their price objective on shares of Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating for the company in a research note on Thursday, August 14th. Twenty-eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $211.68.

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.

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