Relyea Zuckerberg Hanson LLC Lowers Stake in Palo Alto Networks, Inc. $PANW

Relyea Zuckerberg Hanson LLC decreased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 8.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,488 shares of the network technology company’s stock after selling 141 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Palo Alto Networks were worth $305,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PANW. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Palo Alto Networks during the 1st quarter worth about $261,000. Strive Asset Management LLC lifted its position in shares of Palo Alto Networks by 16.6% during the first quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company’s stock worth $358,000 after purchasing an additional 299 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Palo Alto Networks by 10.8% in the first quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company’s stock valued at $2,410,000 after purchasing an additional 1,374 shares during the period. Czech National Bank grew its holdings in shares of Palo Alto Networks by 6.4% in the second quarter. Czech National Bank now owns 161,840 shares of the network technology company’s stock valued at $33,119,000 after purchasing an additional 9,766 shares in the last quarter. Finally, Avity Investment Management Inc. increased its stake in Palo Alto Networks by 37.9% during the 2nd quarter. Avity Investment Management Inc. now owns 181,691 shares of the network technology company’s stock worth $37,181,000 after buying an additional 49,971 shares during the period. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on PANW. Morgan Stanley boosted their price target on shares of Palo Alto Networks from $210.00 to $216.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Royal Bank Of Canada reissued an “outperform” rating and set a $232.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. New Street Research increased their price target on Palo Alto Networks from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, September 12th. JMP Securities reiterated a “market outperform” rating and issued a $212.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Rosenblatt Securities cut their target price on shares of Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, August 14th. Thirty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $214.64.

Palo Alto Networks Stock Performance

PANW opened at $212.58 on Tuesday. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $213.85. The company has a market cap of $142.19 billion, a P/E ratio of 132.45, a PEG ratio of 4.93 and a beta of 0.98. The business’s 50-day simple moving average is $190.36 and its 200-day simple moving average is $188.45.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The firm’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. As a group, analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Palo Alto Networks news, CEO Nikesh Arora sold 846,408 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total value of $172,718,016.48. Following the completion of the transaction, the chief executive officer owned 275,013 shares in the company, valued at $56,119,152.78. This represents a 75.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $172.80, for a total value of $17,280,000.00. Following the transaction, the executive vice president directly owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. The trade was a 3.08% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,194,356 shares of company stock worth $235,092,941. 2.50% of the stock is currently owned by company insiders.

Palo Alto Networks Company Profile

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.