Quantinno Capital Management LP Sells 70,760 Shares of Palo Alto Networks, Inc. $PANW

Quantinno Capital Management LP lowered its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 14.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 422,604 shares of the network technology company’s stock after selling 70,760 shares during the quarter. Quantinno Capital Management LP’s holdings in Palo Alto Networks were worth $67,752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Palo Alto Networks in the fourth quarter worth $1,415,364,000. Vanguard Group Inc. grew its stake in shares of Palo Alto Networks by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock worth $12,512,533,000 after acquiring an additional 2,659,100 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Palo Alto Networks by 1,665.1% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,761,909 shares of the network technology company’s stock valued at $442,788,000 after acquiring an additional 2,605,433 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Palo Alto Networks by 11.9% during the fourth quarter. Bank of America Corp DE now owns 19,375,486 shares of the network technology company’s stock valued at $3,568,964,000 after acquiring an additional 2,065,776 shares in the last quarter. Finally, Employees Provident Fund Board purchased a new position in shares of Palo Alto Networks in the 4th quarter worth about $281,542,000. Institutional investors own 79.82% of the company’s stock.

Wall Street Analysts Forecast Growth

PANW has been the topic of a number of analyst reports. Argus set a $425.00 price target on shares of Palo Alto Networks in a research note on Tuesday, July 21st. Jefferies Financial Group set a $335.00 price objective on shares of Palo Alto Networks and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Loop Capital upped their target price on shares of Palo Alto Networks from $160.00 to $290.00 and gave the stock a “hold” rating in a research note on Wednesday, June 3rd. Wolfe Research reiterated an “outperform” rating and issued a $320.00 target price on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Finally, Rosenblatt Securities increased their price target on shares of Palo Alto Networks from $275.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $331.48.

Insider Activity

In related news, Director James J. Goetz sold 20,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the transaction, the director owned 20,000 shares in the company, valued at $5,598,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John P. Key sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the completion of the sale, the director owned 12,500 shares in the company, valued at $3,490,500. This represents a 37.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 101,239 shares of company stock valued at $27,174,360 over the last three months. Corporate insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

NASDAQ PANW opened at $319.00 on Wednesday. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $368.80. The stock has a 50-day moving average of $303.77 and a 200 day moving average of $219.63. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $259.99 billion, a price-to-earnings ratio of 261.48, a PEG ratio of 11.78 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.06. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 EPS. 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. On average, sell-side analysts forecast that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

About Palo Alto Networks

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.