Empowered Funds LLC Has $4.61 Million Holdings in Palo Alto Networks, Inc. $PANW

Empowered Funds LLC reduced its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 65.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,027 shares of the network technology company’s stock after selling 51,180 shares during the period. Empowered Funds LLC’s holdings in Palo Alto Networks were worth $4,612,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Palo Alto Networks in the 1st quarter worth about $261,000. GAMMA Investing LLC boosted its stake in shares of Palo Alto Networks by 10.8% during the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company’s stock worth $2,410,000 after acquiring an additional 1,374 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Palo Alto Networks by 8.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 137,663 shares of the network technology company’s stock worth $23,491,000 after acquiring an additional 10,180 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Palo Alto Networks during the 1st quarter worth about $316,000. Finally, Avalon Global Asset Management LLC boosted its stake in shares of Palo Alto Networks by 1.7% during the 1st quarter. Avalon Global Asset Management LLC now owns 134,640 shares of the network technology company’s stock worth $22,975,000 after acquiring an additional 2,200 shares in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Stock Up 0.5%

Shares of NASDAQ:PANW opened at $198.33 on Friday. The business has a 50 day moving average price of $188.13 and a 200 day moving average price of $185.88. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $210.39. The company has a market cap of $132.66 billion, a price-to-earnings ratio of 123.57, a PEG ratio of 4.71 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last announced its 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 during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the company earned $0.75 EPS. The firm’s revenue for the quarter 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. Analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was 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 owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. This trade represents a 3.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $201.85, for a total value of $1,009,250.00. Following the completion of the sale, the executive vice president owned 101,135 shares of the company’s stock, valued at $20,414,099.75. This represents a 4.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 569,422 shares of company stock worth $106,629,618 over the last 90 days. Insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. TD Securities reiterated a “buy” rating and set a $230.00 price target on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Guggenheim upped their price target on Palo Alto Networks from $130.00 to $135.00 and gave the stock a “sell” rating in a research note on Tuesday, August 19th. KeyCorp downgraded Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 31st. Truist Financial set a $220.00 price target on Palo Alto Networks and gave the stock a “buy” rating in a research note on Tuesday, August 19th. Finally, Wedbush reiterated an “outperform” rating and set a $225.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Twenty-eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $211.68.

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.