Oppenheimer Asset Management Inc. Sells 49,216 Shares of Palo Alto Networks, Inc. $PANW

Oppenheimer Asset Management Inc. decreased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 29.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 119,213 shares of the network technology company’s stock after selling 49,216 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Palo Alto Networks were worth $24,396,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. VestGen Investment Management raised its holdings in shares of Palo Alto Networks by 4.8% in the 2nd quarter. VestGen Investment Management now owns 2,462 shares of the network technology company’s stock valued at $504,000 after purchasing an additional 112 shares in the last quarter. Ingalls & Snyder LLC raised its holdings in shares of Palo Alto Networks by 44.2% in the 2nd quarter. Ingalls & Snyder LLC now owns 22,565 shares of the network technology company’s stock valued at $4,618,000 after purchasing an additional 6,915 shares in the last quarter. Whipplewood Advisors LLC raised its holdings in shares of Palo Alto Networks by 6,400.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 128 shares in the last quarter. Interchange Capital Partners LLC raised its holdings in shares of Palo Alto Networks by 2.1% in the 2nd quarter. Interchange Capital Partners LLC now owns 4,096 shares of the network technology company’s stock valued at $838,000 after purchasing an additional 85 shares in the last quarter. Finally, Brighton Jones LLC raised its holdings in shares of Palo Alto Networks by 60.3% in the 2nd quarter. Brighton Jones LLC now owns 10,703 shares of the network technology company’s stock valued at $2,190,000 after purchasing an additional 4,026 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Up 1.0%

Palo Alto Networks stock opened at $217.11 on Friday. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $218.23. The firm has a market capitalization of $145.22 billion, a price-to-earnings ratio of 135.27, a PEG ratio of 5.16 and a beta of 0.98. The company has a fifty day simple moving average of $200.79 and a 200-day simple moving average of $192.46.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The company’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, research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Nir Zuk sold 100,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president owned 3,143,516 shares of the company’s stock, valued at approximately $543,199,564.80. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the completion of the transaction, the executive vice president directly owned 149,190 shares of the company’s stock, valued at approximately $31,616,344.80. The trade was a 44.74% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,315,130 shares of company stock valued at $260,687,367. 2.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PANW shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $223.00 price objective on shares of Palo Alto Networks in a research report on Friday, August 15th. Scotiabank boosted their target price on shares of 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. BTIG Research raised shares of Palo Alto Networks from a “neutral” rating to a “buy” rating in a report on Monday, October 13th. Westpark Capital reiterated a “hold” rating on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Truist Financial set a $220.00 target price on shares of Palo Alto Networks and gave the company a “buy” rating in a research note on Tuesday, August 19th. Thirty analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.22.

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.