Clarendon Private LLC Reduces Stock Position in Palo Alto Networks, Inc. $PANW

Clarendon Private LLC lowered its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 22.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,859 shares of the network technology company’s stock after selling 543 shares during the quarter. Clarendon Private LLC’s holdings in Palo Alto Networks were worth $380,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Palo Alto Networks in the 1st quarter worth $261,000. Strive Asset Management LLC lifted its holdings in shares of Palo Alto Networks by 16.6% in the 1st quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company’s stock worth $358,000 after buying an additional 299 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Palo Alto Networks by 10.8% in the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company’s stock worth $2,410,000 after buying an additional 1,374 shares during the period. Czech National Bank lifted its holdings in shares of Palo Alto Networks by 6.4% in the 2nd quarter. Czech National Bank now owns 161,840 shares of the network technology company’s stock worth $33,119,000 after buying an additional 9,766 shares during the period. Finally, Avity Investment Management Inc. lifted its holdings in shares of Palo Alto Networks by 37.9% in 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. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Activity at Palo Alto Networks

In related news, CEO Nikesh Arora sold 846,408 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the transaction, the chief executive officer directly owned 275,013 shares of the company’s stock, valued at $56,119,152.78. This represents a 75.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Nir Zuk sold 100,000 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were 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 $543,199,564.80. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,315,130 shares of company stock worth $260,687,367 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PANW. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 target price on shares of Palo Alto Networks in a report on Wednesday, September 3rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $232.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Wedbush reissued an “outperform” rating and issued a $225.00 price target on shares of Palo Alto Networks in a research report on Monday, September 15th. Bank of America raised Palo Alto Networks from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a research report on Tuesday, August 19th. Finally, Guggenheim boosted their price target on Palo Alto Networks from $130.00 to $135.00 and gave the stock a “sell” rating in a research report on Tuesday, August 19th. Twenty-eight investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $214.95.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $208.55 on Friday. The business’s 50-day moving average is $192.94 and its 200 day moving average is $189.17. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $217.94. The firm has a market capitalization of $139.50 billion, a P/E ratio of 129.94, a P/E/G ratio of 4.96 and a beta of 0.98.

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

About Palo Alto Networks

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.