CI Investments Inc. Reduces Holdings in Palo Alto Networks, Inc. $PANW

CI Investments Inc. reduced its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 98.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,709 shares of the network technology company’s stock after selling 182,242 shares during the period. CI Investments Inc.’s holdings in Palo Alto Networks were worth $552,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PANW. Exchange Traded Concepts LLC grew its stake in shares of Palo Alto Networks by 29.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 32,155 shares of the network technology company’s stock valued at $6,547,000 after buying an additional 7,301 shares during the period. Westfield Capital Management Co. LP purchased a new stake in shares of Palo Alto Networks during the 3rd quarter worth about $75,412,000. American Century Companies Inc. increased its position in Palo Alto Networks by 134.1% during the 3rd quarter. American Century Companies Inc. now owns 672,129 shares of the network technology company’s stock worth $136,859,000 after purchasing an additional 384,985 shares in the last quarter. US Bancorp DE increased its position in Palo Alto Networks by 0.6% during the 3rd quarter. US Bancorp DE now owns 1,364,442 shares of the network technology company’s stock worth $277,828,000 after purchasing an additional 8,344 shares in the last quarter. Finally, Silver Oak Securities Incorporated raised its holdings in Palo Alto Networks by 240.1% in the third quarter. Silver Oak Securities Incorporated now owns 11,732 shares of the network technology company’s stock valued at $2,389,000 after buying an additional 8,282 shares during the period. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $188.18, for a total transaction of $940,900.00. Following the completion of the transaction, the executive vice president owned 155,119 shares in the company, valued at $29,190,293.42. The trade was a 3.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Lee Klarich sold 120,768 shares of the business’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $191.03, for a total transaction of $23,070,311.04. Following the transaction, the executive vice president directly owned 298,887 shares of the company’s stock, valued at $57,096,383.61. The trade was a 28.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 139,068 shares of company stock valued at $26,600,684 over the last three months. 1.40% of the stock is currently owned by company insiders.

Palo Alto Networks Stock Up 1.2%

Shares of Palo Alto Networks stock opened at $165.05 on Friday. The business has a 50-day moving average price of $171.66 and a 200 day moving average price of $190.09. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $223.61. The firm has a market cap of $134.68 billion, a P/E ratio of 91.19, a P/E/G ratio of 5.89 and a beta of 0.78.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, February 17th. The network technology company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.58 billion. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.Palo Alto Networks’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.650-3.700 EPS and its Q3 2026 guidance at 0.780-0.800 EPS. As a group, equities research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PANW shares. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Palo Alto Networks in a research report on Wednesday, February 18th. Truist Financial set a $200.00 target price on Palo Alto Networks and gave the company a “buy” rating in a report on Tuesday, February 17th. Needham & Company LLC reduced their price target on Palo Alto Networks from $230.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Daiwa Securities Group decreased their price target on Palo Alto Networks from $212.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Finally, Mizuho set a $200.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $210.19.

About Palo Alto Networks

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.