BOK Financial Private Wealth Inc. Sells 2,222 Shares of Palo Alto Networks, Inc. $PANW

BOK Financial Private Wealth Inc. lowered its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 10.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 20,033 shares of the network technology company’s stock after selling 2,222 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Palo Alto Networks were worth $4,100,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. St. Clair Advisors LLC grew its position in shares of Palo Alto Networks by 0.3% in the second quarter. St. Clair Advisors LLC now owns 15,800 shares of the network technology company’s stock valued at $3,233,000 after purchasing an additional 50 shares during the last quarter. Astoria Portfolio Advisors LLC. lifted its holdings in Palo Alto Networks by 2.1% during the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 2,467 shares of the network technology company’s stock worth $496,000 after purchasing an additional 50 shares during the last quarter. Csenge Advisory Group boosted its stake in Palo Alto Networks by 2.4% in the 1st quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company’s stock valued at $381,000 after purchasing an additional 53 shares during the period. TFG Advisers LLC grew its holdings in Palo Alto Networks by 1.1% in the 2nd quarter. TFG Advisers LLC now owns 4,668 shares of the network technology company’s stock valued at $955,000 after buying an additional 53 shares in the last quarter. Finally, GSG Advisors LLC grew its holdings in Palo Alto Networks by 0.4% in the 1st quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company’s stock valued at $2,154,000 after buying an additional 54 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PANW shares. Tigress Financial started coverage on Palo Alto Networks in a report on Friday, September 26th. They set a “buy” rating and a $245.00 target price for the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $232.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. UBS Group set a $245.00 target price on shares of Palo Alto Networks in a research report on Friday, September 26th. Barclays reaffirmed an “overweight” rating and set a $215.00 target price (up from $210.00) on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, Rosenblatt Securities dropped their price target on shares of 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. Thirty investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.17.

Palo Alto Networks Trading Up 0.4%

Shares of Palo Alto Networks stock opened at $212.29 on Monday. The company has a market cap of $142.00 billion, a PE ratio of 132.27, a price-to-earnings-growth ratio of 5.05 and a beta of 0.95. The company has a 50 day moving average of $207.16 and a 200-day moving average of $196.19. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $223.61.

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

Insiders Place Their Bets

In related news, EVP Lee Klarich sold 120,774 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the completion of the sale, the executive vice president directly owned 177,954 shares in the company, valued at $34,008,788.94. This represents a 40.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Nikesh Arora sold 846,408 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 275,013 shares in the company, valued at $56,119,152.78. This trade represents a 75.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,215,830 shares of company stock worth $249,160,428 over the last 90 days. Corporate insiders own 2.50% of the company’s stock.

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.