Retirement Systems of Alabama Has $29.07 Million Stock Holdings in Palo Alto Networks, Inc. $PANW

Retirement Systems of Alabama trimmed its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 0.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,074 shares of the network technology company’s stock after selling 204 shares during the quarter. Retirement Systems of Alabama’s holdings in Palo Alto Networks were worth $29,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in PANW. Nuveen LLC acquired a new position in shares of Palo Alto Networks in the 1st quarter worth approximately $810,047,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Palo Alto Networks during the second quarter worth $633,068,000. Goldman Sachs Group Inc. raised its stake in Palo Alto Networks by 41.9% during the first quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company’s stock worth $1,234,650,000 after buying an additional 2,134,735 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Palo Alto Networks by 77.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company’s stock valued at $662,000,000 after buying an additional 1,688,432 shares during the period. Finally, Vanguard Group Inc. boosted its position in Palo Alto Networks by 2.5% during the first quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company’s stock valued at $10,712,019,000 after acquiring an additional 1,541,637 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction on Monday, October 6th. The shares were sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the transaction, the executive vice president directly owned 149,190 shares of the company’s stock, valued at $31,616,344.80. The trade was a 44.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the completion of the sale, the executive vice president owned 96,135 shares of the company’s stock, valued at approximately $19,629,805.65. This represents a 4.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,215,130 shares of company stock worth $243,407,367. 2.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PANW has been the subject of several research analyst reports. Rosenblatt Securities lowered their price objective on Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, August 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 target price on shares of Palo Alto Networks in a research note on Wednesday, September 3rd. JMP Securities boosted their price target on Palo Alto Networks from $212.00 to $250.00 and gave the company a “market outperform” rating in a research note on Monday. Truist Financial set a $220.00 price target on Palo Alto Networks and gave the stock a “buy” rating in a report on Tuesday, August 19th. Finally, Oppenheimer lifted their price objective on shares of Palo Alto Networks from $225.00 to $245.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Thirty research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $218.17.

Palo Alto Networks Price Performance

NASDAQ:PANW opened at $218.27 on Friday. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $223.61. The company has a market cap of $146.00 billion, a PE ratio of 135.99, a PEG ratio of 5.16 and a beta of 0.98. The firm has a 50-day moving average of $203.82 and a 200-day moving average of $193.81.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. 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, equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

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.