Palo Alto Networks, Inc. $PANW Holdings Cut by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB cut its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 34.4% in the 2nd quarter, Holdings Channel reports. The firm owned 156,265 shares of the network technology company’s stock after selling 81,951 shares during the quarter. Palo Alto Networks comprises approximately 1.2% of E. Ohman J or Asset Management AB’s holdings, making the stock its 13th biggest position. E. Ohman J or Asset Management AB’s holdings in Palo Alto Networks were worth $53,289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Trilogy Capital Inc. boosted its position in Palo Alto Networks by 1.8% during the 2nd quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company’s stock valued at $725,000 after purchasing an additional 37 shares during the period. Wisconsin Wealth Advisors LLC grew its stake in Palo Alto Networks by 1.2% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 3,206 shares of the network technology company’s stock worth $1,093,000 after buying an additional 38 shares during the last quarter. Orrstown Financial Services Inc. increased its position in Palo Alto Networks by 1.2% in the second quarter. Orrstown Financial Services Inc. now owns 3,197 shares of the network technology company’s stock worth $1,090,000 after buying an additional 38 shares during the period. GSG Advisors LLC increased its position in Palo Alto Networks by 0.4% in the first quarter. GSG Advisors LLC now owns 12,536 shares of the network technology company’s stock worth $2,010,000 after buying an additional 51 shares during the period. Finally, Outfitters Financial LLC lifted its stake in Palo Alto Networks by 1.7% in the fourth quarter. Outfitters Financial LLC now owns 3,265 shares of the network technology company’s stock valued at $601,000 after buying an additional 55 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on PANW shares. Royal Bank Of Canada upped their price target on shares of Palo Alto Networks from $255.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. UBS Group set a $300.00 price objective on shares of Palo Alto Networks and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Robert W. Baird set a $320.00 target price on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. BTIG Research upped their target price on shares of Palo Alto Networks from $333.00 to $380.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Finally, Stephens raised their price target on shares of Palo Alto Networks from $180.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $333.76.

Palo Alto Networks Price Performance

NASDAQ PANW opened at $385.04 on Tuesday. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $385.17. The firm has a market capitalization of $313.81 billion, a PE ratio of 315.61, a P/E/G ratio of 12.21 and a beta of 0.91. The company’s 50 day simple moving average is $319.57 and its 200 day simple moving average is $229.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion during 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 for the quarter was up 31.1% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, equities research analysts forecast that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the completion of the sale, the executive vice president owned 145,250 shares in the company, valued at $42,058,590. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director James J. Goetz sold 20,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $279.90, for a total value of $5,598,000.00. Following the transaction, the director directly owned 20,000 shares of the company’s stock, valued at $5,598,000. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 101,239 shares of company stock worth $27,174,360. 1.40% of the stock is owned by corporate insiders.

Palo Alto Networks Company Profile

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.