Connors Investor Services Inc. Has $19.85 Million Position in Palo Alto Networks, Inc. $PANW

Connors Investor Services Inc. reduced its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,010 shares of the network technology company’s stock after selling 1,077 shares during the period. Palo Alto Networks comprises approximately 1.8% of Connors Investor Services Inc.’s investment portfolio, making the stock its 13th largest position. Connors Investor Services Inc.’s holdings in Palo Alto Networks were worth $19,852,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. St. Clair Advisors LLC grew its holdings in Palo Alto Networks by 0.3% during the 2nd quarter. St. Clair Advisors LLC now owns 15,800 shares of the network technology company’s stock worth $3,233,000 after acquiring an additional 50 shares during the last quarter. Astoria Portfolio Advisors LLC. grew its holdings in Palo Alto Networks by 2.1% during the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 2,467 shares of the network technology company’s stock worth $496,000 after acquiring an additional 50 shares during the last quarter. Csenge Advisory Group grew its holdings in Palo Alto Networks by 2.4% during the 1st quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company’s stock worth $381,000 after acquiring an additional 53 shares during the last quarter. TFG Advisers LLC grew its holdings in Palo Alto Networks by 1.1% during the 2nd quarter. TFG Advisers LLC now owns 4,668 shares of the network technology company’s stock worth $955,000 after acquiring an additional 53 shares during the last quarter. Finally, GSG Advisors LLC grew its holdings in Palo Alto Networks by 0.4% during the 1st quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company’s stock worth $2,154,000 after acquiring an additional 54 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PANW has been the topic of a number of research reports. JMP Securities reissued a “market outperform” rating and set a $212.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Bank of America boosted their price target on shares of Palo Alto Networks from $215.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday. Stephens restated an “equal weight” rating and issued a $205.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Cantor Fitzgerald restated an “overweight” rating and issued a $223.00 price target on shares of Palo Alto Networks in a research report on Friday, August 15th. Finally, Jefferies Financial Group set a $235.00 price target on shares of Palo Alto Networks in a research report on Tuesday, July 29th. Thirty analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Palo Alto Networks has a consensus rating of “Moderate Buy” and an average target price of $217.22.

Palo Alto Networks Stock Down 0.9%

Palo Alto Networks stock opened at $212.42 on Thursday. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $217.94. The firm’s fifty day moving average is $199.16 and its 200 day moving average is $191.31. The company has a market capitalization of $142.09 billion, a PE ratio of 132.35, a PEG ratio of 5.10 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 previous year, the company earned $0.75 EPS. Palo Alto Networks’s quarterly revenue 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. Sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 846,408 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the completion of the sale, the chief executive officer owned 275,013 shares in the company, valued at approximately $56,119,152.78. The trade was a 75.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the sale, the executive vice president owned 149,190 shares of the company’s stock, valued at $31,616,344.80. This trade represents a 44.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,315,130 shares of company stock worth $260,687,367 over the last ninety days. 2.50% of the stock is owned by corporate insiders.

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.