Neville Rodie & Shaw Inc. Sells 1,785 Shares of Palo Alto Networks, Inc. $PANW

Neville Rodie & Shaw Inc. cut its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 8.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,530 shares of the network technology company’s stock after selling 1,785 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Palo Alto Networks were worth $4,201,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in 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 worth $10,712,019,000 after purchasing an additional 1,541,637 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in 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 worth $1,234,650,000 after purchasing an additional 2,134,735 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in 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 worth $1,177,765,000 after purchasing an additional 950,765 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Palo Alto Networks by 92.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,951,283 shares of the network technology company’s stock worth $1,082,895,000 after purchasing an additional 2,862,718 shares in the last quarter. Finally, Nuveen LLC bought a new position in Palo Alto Networks in the first quarter worth about $810,047,000. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Trading Down 1.0%

Shares of NASDAQ:PANW opened at $196.29 on Friday. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $210.39. The company’s 50 day moving average is $188.03 and its 200 day moving average is $185.94. The company has a market cap of $131.30 billion, a PE ratio of 122.30, a price-to-earnings-growth ratio of 4.73 and a beta of 0.98.

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 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 company had revenue of $2.54 billion for 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. Palo Alto Networks’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. Equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total value of $23,081,119.14. Following the transaction, the executive vice president owned 177,954 shares in the company, valued at approximately $34,008,788.94. This represents a 40.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the completion of the transaction, the executive vice president owned 101,135 shares in the company, valued at approximately $20,414,099.75. This trade 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 in the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group set a $185.00 target price on shares of Palo Alto Networks and gave the stock a “neutral” rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. cut their price objective on shares of Palo Alto Networks from $225.00 to $221.00 and set an “overweight” rating on the stock in a report on Wednesday, May 21st. Westpark Capital restated a “hold” rating on shares of Palo Alto Networks in a report on Tuesday, August 19th. Needham & Company LLC restated a “buy” rating and set a $230.00 price objective on shares of Palo Alto Networks in a report on Wednesday, September 3rd. Finally, Sanford C. Bernstein set a $207.00 price objective on shares of Palo Alto Networks and gave the company an “outperform” rating in a report on Tuesday, August 19th. Twenty-eight equities 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.