IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 3,363 Shares of Palo Alto Networks, Inc. $PANW

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 13.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 21,397 shares of the network technology company’s stock after selling 3,363 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Palo Alto Networks were worth $4,379,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in Palo Alto Networks during the 1st quarter worth $261,000. Strive Asset Management LLC grew its position 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 valued at $358,000 after buying an additional 299 shares during the last quarter. Avity Investment Management Inc. increased its stake in shares of Palo Alto Networks by 37.9% in the second quarter. Avity Investment Management Inc. now owns 181,691 shares of the network technology company’s stock valued at $37,181,000 after buying an additional 49,971 shares during the period. Czech National Bank raised its position in shares of Palo Alto Networks by 6.4% during the second quarter. Czech National Bank now owns 161,840 shares of the network technology company’s stock worth $33,119,000 after acquiring an additional 9,766 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Palo Alto Networks by 8.0% in the first quarter. Nisa Investment Advisors LLC now owns 137,663 shares of the network technology company’s stock worth $23,491,000 after acquiring an additional 10,180 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Trading Up 1.5%

NASDAQ:PANW opened at $220.29 on Tuesday. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $221.09. The stock has a market capitalization of $147.35 billion, a price-to-earnings ratio of 137.25, a PEG ratio of 5.16 and a beta of 0.98. The firm has a fifty day simple moving average of $201.67 and a two-hundred day simple moving average of $192.92.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior 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. Equities 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 news, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the transaction, the executive vice president directly owned 96,135 shares of the company’s stock, valued at $19,629,805.65. This represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Nir Zuk sold 100,000 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president owned 3,143,516 shares in the company, valued at approximately $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. In the last quarter, insiders have sold 1,315,130 shares of company stock valued at $260,687,367. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $230.00 target price on shares of Palo Alto Networks in a research report on Wednesday, September 3rd. Morgan Stanley increased their price objective on shares of Palo Alto Networks from $210.00 to $216.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Cantor Fitzgerald reissued an “overweight” rating and set a $223.00 target price on shares of Palo Alto Networks in a research note on Friday, August 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Palo Alto Networks in a report on Wednesday, October 8th. Finally, Stephens reiterated an “equal weight” rating and set a $205.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. Thirty equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Palo Alto Networks presently has an average rating of “Moderate Buy” and an average price target of $218.17.

Palo Alto Networks 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.