Teamwork Financial Advisors LLC Sells 11,380 Shares of Palo Alto Networks, Inc. $PANW

Teamwork Financial Advisors LLC trimmed its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 83.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,194 shares of the network technology company’s stock after selling 11,380 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Palo Alto Networks were worth $748,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Palo Alto Networks in the fourth quarter worth $1,415,364,000. Bank of America Corp DE grew its position in Palo Alto Networks by 16.0% during the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock worth $3,603,473,000 after buying an additional 3,101,267 shares in the last quarter. Vanguard Group Inc. increased its stake in Palo Alto Networks by 4.1% in the 4th 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. raised its holdings in shares of Palo Alto Networks by 1,665.1% in the 1st 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. Finally, Amundi raised its holdings in shares of Palo Alto Networks by 67.1% in the 1st quarter. Amundi now owns 6,297,833 shares of the network technology company’s stock valued at $1,009,669,000 after acquiring an additional 2,528,299 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $363.86 on Friday. The company has a 50-day simple moving average of $317.88 and a two-hundred day simple moving average of $228.20. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $376.98. The firm has a market cap of $296.55 billion, a price-to-earnings ratio of 298.25, a PEG ratio of 12.06 and a beta of 0.91. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04.

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, beating analysts’ consensus estimates of $0.79 by $0.06. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the company posted $0.37 EPS. Palo Alto Networks’s revenue for the quarter was up 31.1% on a year-over-year basis. 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, equities analysts forecast that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

Insider Activity at Palo Alto Networks

In other news, Director James J. Goetz sold 20,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.90, for a total value of $5,598,000.00. Following the completion of the transaction, the director owned 20,000 shares of the company’s stock, valued at approximately $5,598,000. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lee Klarich sold 62,904 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the completion of the transaction, the executive vice president owned 235,983 shares of the company’s stock, valued at approximately $61,037,002.95. The trade was a 21.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 101,239 shares of company stock worth $27,174,360 over the last 90 days. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Argus set a $425.00 price objective on Palo Alto Networks in a report on Tuesday, July 21st. Wolfe Research reaffirmed an “outperform” rating and issued a $320.00 target price on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Arete Research lifted their target price on shares of Palo Alto Networks from $185.00 to $433.00 and gave the company a “buy” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. boosted their price target on shares of Palo Alto Networks from $200.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Finally, Needham & Company LLC increased their price target on shares of Palo Alto Networks from $350.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. One equities research 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 stock. Based on data from MarketBeat.com, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $333.76.

Palo Alto Networks 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.