LRI Investments LLC Sells 94 Shares of Palo Alto Networks, Inc. $PANW

LRI Investments LLC lessened its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 2.4% during the second quarter, HoldingsChannel reports. The firm owned 3,800 shares of the network technology company’s stock after selling 94 shares during the period. LRI Investments LLC’s holdings in Palo Alto Networks were worth $778,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of PANW. Brighton Jones LLC raised its holdings in shares of Palo Alto Networks by 147.7% in the 4th 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. Bison Wealth LLC grew its stake in 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 valued at $948,000 after buying an additional 3,275 shares in the last quarter. GAMMA Investing LLC grew its stake in Palo Alto Networks by 10.8% in the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company’s stock valued at $2,410,000 after buying an additional 1,374 shares in the last quarter. Simplicity Wealth LLC purchased a new position in Palo Alto Networks in the 1st quarter valued at approximately $224,000. Finally, Assenagon Asset Management S.A. grew its stake in Palo Alto Networks by 91.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 41,837 shares of the network technology company’s stock valued at $7,139,000 after buying an additional 19,975 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PANW shares. Piper Sandler upgraded shares of Palo Alto Networks from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $200.00 to $225.00 in a research note on Tuesday, August 12th. Morgan Stanley raised their price target on shares of Palo Alto Networks from $210.00 to $216.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Wedbush reissued an “outperform” rating and issued a $225.00 price target on shares of Palo Alto Networks in a report on Monday, September 15th. Sanford C. Bernstein set a $207.00 price target on shares of Palo Alto Networks and gave the company an “outperform” rating in a report on Tuesday, August 19th. Finally, Guggenheim raised their price target on shares of Palo Alto Networks from $130.00 to $135.00 and gave the company a “sell” rating in a report on Tuesday, August 19th. Twenty-eight analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $214.95.

Palo Alto Networks Stock Down 3.1%

Palo Alto Networks stock opened at $208.55 on Friday. The company has a market capitalization of $139.50 billion, a PE ratio of 129.94, a P/E/G ratio of 4.96 and a beta of 0.98. The firm has a fifty day simple moving average of $192.94 and a two-hundred day simple moving average of $189.17. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $217.94.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 EPS 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 during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business earned $0.75 EPS. The company’s revenue for the quarter 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. As a group, equities analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $211.92, for a total value of $25,594,426.08. Following the completion of the transaction, the executive vice president directly owned 149,190 shares in the company, valued at approximately $31,616,344.80. This represents a 44.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Nikesh Arora sold 846,408 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the completion of the transaction, the chief executive officer owned 275,013 shares of the company’s stock, valued at $56,119,152.78. This trade represents a 75.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,315,130 shares of company stock worth $260,687,367. Company insiders own 2.50% 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.