Palo Alto Networks, Inc. $PANW Shares Sold by Claro Advisors LLC

Claro Advisors LLC lowered its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 6.8% in the second quarter, HoldingsChannel reports. The firm owned 9,631 shares of the network technology company’s stock after selling 704 shares during the period. Claro Advisors LLC’s holdings in Palo Alto Networks were worth $1,971,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Palo Alto Networks by 2.5% in the first quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company’s stock valued at $10,712,019,000 after purchasing an additional 1,541,637 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Palo Alto Networks by 41.9% in the first quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company’s stock valued at $1,234,650,000 after purchasing an additional 2,134,735 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Palo Alto Networks by 16.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,902,048 shares of the network technology company’s stock valued at $1,177,765,000 after purchasing an additional 950,765 shares during the period. Nuveen LLC purchased a new stake in shares of Palo Alto Networks in the first quarter valued at about $810,047,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Palo Alto Networks by 5.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,422,037 shares of the network technology company’s stock valued at $754,576,000 after purchasing an additional 219,111 shares during the period. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. KeyCorp lowered shares of Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 31st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $232.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. BTIG Research raised shares of Palo Alto Networks from a “neutral” rating to a “buy” rating in a research note on Monday, October 13th. Wedbush reaffirmed an “outperform” rating and set a $225.00 target price on shares of Palo Alto Networks in a research note on Monday, September 15th. Finally, JMP Securities increased their target price on shares of Palo Alto Networks from $212.00 to $250.00 and gave the stock a “market outperform” rating in a research note on Monday, October 27th. Thirty investment 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.17.

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Lee Klarich sold 120,774 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $217.94, for a total transaction of $26,321,485.56. Following the sale, the executive vice president owned 356,409 shares of the company’s stock, valued at approximately $77,675,777.46. This represents a 25.31% decrease in their ownership of the stock. 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 stock in a transaction dated 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 sale, the chief executive officer directly owned 275,013 shares in the company, valued at $56,119,152.78. This represents a 75.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,215,830 shares of company stock worth $249,160,428 over the last ninety days. Company insiders own 2.50% of the company’s stock.

Palo Alto Networks Stock Performance

Shares of PANW opened at $214.52 on Wednesday. The stock has a market capitalization of $143.49 billion, a PE ratio of 133.66, a P/E/G ratio of 5.21 and a beta of 0.95. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $223.61. The company’s 50-day simple moving average is $205.81 and its 200-day simple moving average is $195.17.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, sell-side analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

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.