Spahn Wealth & Retirement LLC Sells 16,867 Shares of Palo Alto Networks, Inc. $PANW

by · The Markets Daily

Spahn Wealth & Retirement LLC reduced its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 50.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 16,749 shares of the network technology company’s stock after selling 16,867 shares during the quarter. Palo Alto Networks accounts for about 3.4% of Spahn Wealth & Retirement LLC’s investment portfolio, making the stock its 16th largest holding. Spahn Wealth & Retirement LLC’s holdings in Palo Alto Networks were worth $2,685,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pincus Capital Management LP grew its stake in Palo Alto Networks by 3.0% in the 1st quarter. Pincus Capital Management LP now owns 2,935 shares of the network technology company’s stock valued at $471,000 after buying an additional 85 shares in the last quarter. Greenline Wealth Management LLC raised its holdings in Palo Alto Networks by 5.8% during the 1st quarter. Greenline Wealth Management LLC now owns 1,524 shares of the network technology company’s stock valued at $244,000 after acquiring an additional 83 shares during the period. Aspen Grove Capital LLC lifted its position in shares of Palo Alto Networks by 12.2% during the first quarter. Aspen Grove Capital LLC now owns 1,366 shares of the network technology company’s stock worth $219,000 after acquiring an additional 148 shares in the last quarter. Bowen Hanes & Co. Inc. lifted its position in shares of Palo Alto Networks by 3.7% during the first quarter. Bowen Hanes & Co. Inc. now owns 524,331 shares of the network technology company’s stock worth $84,061,000 after acquiring an additional 18,675 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Palo Alto Networks by 61.0% in the first quarter. Sei Investments Co. now owns 305,444 shares of the network technology company’s stock worth $48,964,000 after acquiring an additional 115,770 shares during the period. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Trading Down 2.9%

Palo Alto Networks stock opened at $325.63 on Friday. The stock has a market cap of $265.39 billion, a P/E ratio of 266.91, a PEG ratio of 12.45 and a beta of 0.91. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $368.80. The firm’s fifty day moving average price is $299.17 and its 200-day moving average price is $216.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last issued its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The firm’s revenue was up 31.1% compared to the same quarter last year. 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 research analysts forecast that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Transactions at Palo Alto Networks

In other news, CAO Josh D. Paul sold 900 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total transaction of $310,500.00. Following the completion of the transaction, the chief accounting officer owned 79,644 shares of the company’s stock, valued at approximately $27,477,180. The trade was a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James J. Goetz sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the completion of the transaction, the director owned 20,000 shares in the company, valued at approximately $5,598,000. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 101,239 shares of company stock worth $27,174,360. 1.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald set a $340.00 price target on Palo Alto Networks and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Northland Securities increased their price objective on Palo Alto Networks from $190.00 to $302.00 and gave the stock a “market perform” rating in a report on Wednesday, June 3rd. Sanford C. Bernstein raised their target price on Palo Alto Networks from $209.00 to $253.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Wells Fargo & Company raised their target price on Palo Alto Networks from $325.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Finally, JPMorgan Chase & Co. lifted their target price on Palo Alto Networks from $200.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and a consensus target price of $331.48.

Get Our Latest Stock Report on PANW

Palo Alto Networks Company Profile

(Free Report)

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.

See Also

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