Prime Capital Investment Advisors LLC Sells 44,955 Shares of Palo Alto Networks, Inc. $PANW

Prime Capital Investment Advisors LLC reduced its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 37.9% in the second quarter, HoldingsChannel.com reports. The firm owned 73,527 shares of the network technology company’s stock after selling 44,955 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Palo Alto Networks were worth $15,046,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PANW. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Palo Alto Networks during the first quarter valued at about $261,000. Strive Asset Management LLC boosted its stake in shares of Palo Alto Networks by 16.6% in the 1st quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company’s stock worth $358,000 after buying an additional 299 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of 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 worth $2,410,000 after buying an additional 1,374 shares during the last quarter. Czech National Bank grew its holdings in shares of Palo Alto Networks by 6.4% in the second quarter. Czech National Bank now owns 161,840 shares of the network technology company’s stock valued at $33,119,000 after acquiring an additional 9,766 shares in the last quarter. Finally, Avity Investment Management Inc. increased its position in shares of Palo Alto Networks by 37.9% during the second quarter. Avity Investment Management Inc. now owns 181,691 shares of the network technology company’s stock valued at $37,181,000 after acquiring an additional 49,971 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Insiders Place Their Bets

In other news, 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 transaction, the chief executive officer directly owned 275,013 shares in the company, valued at approximately $56,119,152.78. This represents a 75.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lee Klarich sold 120,774 shares of the firm’s stock in a transaction dated 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 directly owned 177,954 shares in the company, valued at approximately $34,008,788.94. This represents a 40.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,194,356 shares of company stock valued at $235,092,941 over the last quarter. Insiders own 2.50% of the company’s stock.

Palo Alto Networks Trading Down 1.0%

Shares of PANW opened at $207.19 on Monday. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $212.10. The company has a market cap of $138.59 billion, a PE ratio of 129.09, a price-to-earnings-growth ratio of 4.93 and a beta of 0.98. The stock has a 50-day moving average price of $190.20 and a 200-day moving average price of $188.24.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. Palo Alto Networks’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the previous year, the business posted $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. As a group, analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PANW has been the topic of several research analyst reports. Scotiabank boosted their price objective on Palo Alto Networks from $225.00 to $228.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 19th. BMO Capital Markets boosted their price target on shares of Palo Alto Networks from $217.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Piper Sandler upgraded shares of Palo Alto Networks from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $200.00 to $225.00 in a report on Tuesday, August 12th. Stephens reiterated an “equal weight” rating and issued a $205.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Morgan Stanley increased their target price on shares of Palo Alto Networks from $210.00 to $216.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Thirty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $214.64.

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.