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

CoreCap Advisors LLC lessened its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 75.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,880 shares of the network technology company’s stock after selling 11,785 shares during the quarter. CoreCap Advisors LLC’s holdings in Palo Alto Networks were worth $1,323,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PANW. Trilogy Capital Inc. boosted its position in Palo Alto Networks by 1.8% in the 2nd quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company’s stock valued at $725,000 after buying an additional 37 shares during the last quarter. GSG Advisors LLC raised its holdings in Palo Alto Networks by 0.4% in the first quarter. GSG Advisors LLC now owns 12,536 shares of the network technology company’s stock valued at $2,010,000 after acquiring an additional 51 shares in the last quarter. PGIM Custom Harvest LLC boosted its stake in Palo Alto Networks by 1.4% during the 3rd quarter. PGIM Custom Harvest LLC now owns 3,859 shares of the network technology company’s stock valued at $786,000 after acquiring an additional 55 shares during the last quarter. Ancora Advisors LLC boosted its stake in Palo Alto Networks by 2.4% during the 3rd quarter. Ancora Advisors LLC now owns 2,312 shares of the network technology company’s stock valued at $471,000 after acquiring an additional 55 shares during the last quarter. Finally, Outfitters Financial LLC raised its stake in shares of Palo Alto Networks by 1.7% in the 4th quarter. Outfitters Financial LLC now owns 3,265 shares of the network technology company’s stock valued at $601,000 after purchasing an additional 55 shares in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Aparna Bawa sold 290 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $348.74, for a total value of $101,134.60. Following the sale, the director directly owned 6,437 shares in the company, valued at $2,244,839.38. The trade was a 4.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Helle Thorning-Schmidt sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total transaction of $242,795.00. Following the sale, the director owned 5,898 shares of the company’s stock, valued at $2,045,721.30. The trade was a 10.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 101,239 shares of company stock worth $27,174,360 in the last ninety days. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PANW. Jefferies Financial Group set a $335.00 price objective on Palo Alto Networks and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Stifel Nicolaus set a $340.00 target price on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Rosenblatt Securities raised their price target on shares of Palo Alto Networks from $275.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Morgan Stanley reiterated an “overweight” rating and set a $387.00 price objective (up from $320.00) on shares of Palo Alto Networks in a research note on Tuesday, July 21st. Finally, Berenberg Bank raised their target price on shares of Palo Alto Networks from $290.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Palo Alto Networks presently has an average rating of “Moderate Buy” and a consensus target price of $333.76.

Palo Alto Networks Stock Up 1.2%

Shares of PANW stock opened at $363.86 on Friday. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $376.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The business’s fifty day moving average is $317.88 and its 200-day moving average is $228.20. The stock has a market cap of $296.55 billion, a PE ratio of 298.25, a price-to-earnings-growth ratio of 12.06 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.06. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The company’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the business posted $0.37 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. Equities analysts expect that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Palo Alto Networks Profile

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.