Zullo Investment Group Inc. cut its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 5.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,052 shares of the network technology company’s stock after selling 121 shares during the quarter. Zullo Investment Group Inc.’s holdings in Palo Alto Networks were worth $420,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Greenwood Gearhart Inc. grew its stake in shares of Palo Alto Networks by 1,934.3% during the 2nd quarter. Greenwood Gearhart Inc. now owns 52,688 shares of the network technology company’s stock worth $10,782,000 after acquiring an additional 50,098 shares during the period. PDS Planning Inc grew its stake in shares of Palo Alto Networks by 3.8% during the 2nd quarter. PDS Planning Inc now owns 3,226 shares of the network technology company’s stock worth $660,000 after acquiring an additional 119 shares during the period. Blue Trust Inc. grew its stake in shares of Palo Alto Networks by 13.3% during the 2nd quarter. Blue Trust Inc. now owns 4,416 shares of the network technology company’s stock worth $904,000 after acquiring an additional 519 shares during the period. Robertson Stephens Wealth Management LLC grew its stake in shares of Palo Alto Networks by 725.5% during the 2nd quarter. Robertson Stephens Wealth Management LLC now owns 20,736 shares of the network technology company’s stock worth $4,243,000 after acquiring an additional 18,224 shares during the period. Finally, Costello Asset Management INC grew its stake in shares of Palo Alto Networks by 87.3% during the 2nd quarter. Costello Asset Management INC now owns 1,592 shares of the network technology company’s stock worth $326,000 after acquiring an additional 742 shares during the period. Institutional investors own 79.82% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently weighed in on PANW. Needham & Company LLC reiterated a “buy” rating and set a $230.00 price target on shares of Palo Alto Networks in a research note on Wednesday, September 3rd. Morgan Stanley increased their price target on Palo Alto Networks from $210.00 to $216.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Stephens reiterated an “equal weight” rating and set a $205.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Bank of America upgraded Palo Alto Networks from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a research note on Tuesday, August 19th. Finally, Scotiabank raised their target price on Palo Alto Networks from $225.00 to $228.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 19th. Twenty-eight equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Palo Alto Networks has an average rating of “Moderate Buy” and an average price target of $214.95.
Palo Alto Networks Stock Down 3.1%
NASDAQ:PANW opened at $208.55 on Friday. The business’s 50-day moving average price is $192.94 and its two-hundred day moving average price is $189.14. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $217.94. The stock has a market cap of $139.50 billion, a P/E ratio of 129.94, a PEG ratio of 5.12 and a beta of 0.98.
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, beating the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the firm posted $0.75 EPS. The company’s revenue 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, equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.
Insider Transactions at Palo Alto Networks
In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total value of $1,020,950.00. Following the sale, the executive vice president owned 96,135 shares of the company’s stock, valued at $19,629,805.65. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Nir Zuk sold 100,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. The trade was a 3.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,315,130 shares of company stock worth $260,687,367. 2.50% of the stock is owned by insiders.
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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