Chicago Capital LLC Sells 582 Shares of Palo Alto Networks, Inc. $PANW

Chicago Capital LLC reduced its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 8.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,953 shares of the network technology company’s stock after selling 582 shares during the period. Chicago Capital LLC’s holdings in Palo Alto Networks were worth $1,218,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC raised its position in 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 valued at $1,230,000 after purchasing an additional 4,031 shares during the period. Bison Wealth LLC raised its holdings in Palo Alto Networks by 169.1% during the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock valued at $948,000 after buying an additional 3,275 shares during the period. Merit Financial Group LLC lifted its position in Palo Alto Networks by 29.6% in the first quarter. Merit Financial Group LLC now owns 34,974 shares of the network technology company’s stock worth $5,968,000 after buying an additional 7,978 shares during the last quarter. ST Germain D J Co. Inc. boosted its stake in Palo Alto Networks by 0.6% during the first quarter. ST Germain D J Co. Inc. now owns 105,544 shares of the network technology company’s stock worth $18,010,000 after buying an additional 633 shares during the period. Finally, Fulton Bank N.A. raised its stake in shares of Palo Alto Networks by 2.4% in the first quarter. Fulton Bank N.A. now owns 9,176 shares of the network technology company’s stock valued at $1,566,000 after acquiring an additional 219 shares during the period. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on PANW shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $232.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. KeyCorp lowered shares of Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 31st. New Street Research raised their price target on shares of Palo Alto Networks from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. JMP Securities reissued a “market outperform” rating and issued a $212.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Finally, Jefferies Financial Group set a $235.00 target price on shares of Palo Alto Networks in a research report on Tuesday, July 29th. Thirty analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $214.64.

Palo Alto Networks Trading Down 0.2%

Shares of NASDAQ:PANW opened at $203.62 on Wednesday. The company has a market capitalization of $136.20 billion, a PE ratio of 126.87, a P/E/G ratio of 4.86 and a beta of 0.98. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $210.39. The business’s fifty day simple moving average is $189.80 and its 200-day simple moving average is $187.74.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Nir Zuk sold 100,000 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the sale, the executive vice president owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. This represents a 3.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $184.20, for a total value of $128,940.00. Following the completion of the sale, the chief accounting officer directly owned 37,723 shares of the company’s stock, valued at $6,948,576.60. The trade was a 1.82% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,314,430 shares of company stock valued at $259,210,094. 2.50% of the stock is currently owned by company 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.