Garner Asset Management Corp Sells 1,200 Shares of Palo Alto Networks, Inc. $PANW

Garner Asset Management Corp trimmed its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 10.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,986 shares of the network technology company’s stock after selling 1,200 shares during the quarter. Garner Asset Management Corp’s holdings in Palo Alto Networks were worth $2,044,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Connective Capital Management LLC bought a new stake in Palo Alto Networks during the 2nd quarter worth approximately $3,199,000. Employees Retirement System of Texas raised its position in Palo Alto Networks by 92.0% in the 2nd quarter. Employees Retirement System of Texas now owns 743,245 shares of the network technology company’s stock valued at $152,098,000 after purchasing an additional 356,071 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its stake in Palo Alto Networks by 33.1% in the second quarter. Northwest & Ethical Investments L.P. now owns 38,263 shares of the network technology company’s stock worth $7,814,000 after purchasing an additional 9,522 shares in the last quarter. Viawealth LLC grew its holdings in shares of Palo Alto Networks by 4.1% during the second quarter. Viawealth LLC now owns 5,540 shares of the network technology company’s stock worth $1,134,000 after purchasing an additional 220 shares during the last quarter. Finally, Richmond Investment Services LLC increased its stake in shares of Palo Alto Networks by 87.2% in the second quarter. Richmond Investment Services LLC now owns 3,286 shares of the network technology company’s stock valued at $672,000 after buying an additional 1,531 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock opened at $185.35 on Thursday. The firm has a fifty day moving average of $207.77 and a two-hundred day moving average of $197.32. The stock has a market capitalization of $129.19 billion, a price-to-earnings ratio of 117.31, a PEG ratio of 4.41 and a beta of 0.95. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $223.61.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Wednesday, November 19th. The network technology company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.04. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. Palo Alto Networks had a return on equity of 17.05% and a net margin of 11.69%.The firm’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the company earned $1.56 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.800-3.900 EPS. Q2 2026 guidance at 0.930-0.950 EPS. As a group, research analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling

In other Palo Alto Networks news, CEO Nikesh Arora sold 846,408 shares of the 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 sale, the chief executive officer directly owned 275,013 shares in the company, valued at approximately $56,119,152.78. This trade represents a 75.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 700 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $219.97, for a total value of $153,979.00. Following the sale, the chief accounting officer directly owned 47,505 shares in the company, valued at $10,449,674.85. The trade was a 1.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,215,130 shares of company stock valued at $249,031,488 over the last 90 days. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PANW shares. BTIG Research reissued a “buy” rating and set a $248.00 price objective on shares of Palo Alto Networks in a report on Monday, November 17th. The Goldman Sachs Group reissued a “buy” rating and set a $240.00 price target (up from $236.00) on shares of Palo Alto Networks in a research note on Thursday, November 20th. Guggenheim boosted their price objective on shares of Palo Alto Networks from $130.00 to $135.00 and gave the stock a “sell” rating in a research report on Tuesday, August 19th. Westpark Capital reaffirmed a “hold” rating on shares of Palo Alto Networks in a report on Thursday, November 20th. Finally, Royal Bank Of Canada lifted their target price on Palo Alto Networks from $232.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Thirty investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $225.09.

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.