Allianz SE Sells 5,469 Shares of Palo Alto Networks, Inc. $PANW

Allianz SE reduced its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 61.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,414 shares of the network technology company’s stock after selling 5,469 shares during the quarter. Allianz SE’s holdings in Palo Alto Networks were worth $695,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Klingman & Associates LLC boosted its position in Palo Alto Networks by 2.2% during the 3rd quarter. Klingman & Associates LLC now owns 2,131 shares of the network technology company’s stock valued at $434,000 after acquiring an additional 46 shares in the last quarter. Contravisory Investment Management Inc. boosted its position in shares of Palo Alto Networks by 1.8% during the third quarter. Contravisory Investment Management Inc. now owns 2,742 shares of the network technology company’s stock valued at $558,000 after purchasing an additional 48 shares in the last quarter. Mattern Wealth Management LLC grew its stake in Palo Alto Networks by 2.9% in the third quarter. Mattern Wealth Management LLC now owns 1,692 shares of the network technology company’s stock worth $345,000 after purchasing an additional 48 shares during the period. PTM Wealth Management LLC raised its holdings in Palo Alto Networks by 4.0% in the third quarter. PTM Wealth Management LLC now owns 1,300 shares of the network technology company’s stock worth $276,000 after purchasing an additional 50 shares in the last quarter. Finally, Arlington Trust Co LLC raised its holdings in Palo Alto Networks by 4.8% in the third quarter. Arlington Trust Co LLC now owns 1,088 shares of the network technology company’s stock worth $222,000 after purchasing an additional 50 shares in the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $220.00 target price on shares of Palo Alto Networks in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Palo Alto Networks from $240.00 to $220.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Rosenblatt Securities restated a “buy” rating and issued a $225.00 price objective on shares of Palo Alto Networks in a report on Wednesday, February 18th. DA Davidson set a $190.00 target price on shares of Palo Alto Networks and gave the company a “buy” rating in a research note on Wednesday, February 18th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $250.00 target price on shares of Palo Alto Networks in a report on Wednesday, February 18th. One analyst has 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. According to data from MarketBeat, Palo Alto Networks has an average rating of “Moderate Buy” and a consensus price target of $211.62.

Palo Alto Networks Trading Down 0.3%

Shares of PANW opened at $148.92 on Friday. The company has a market cap of $121.52 billion, a price-to-earnings ratio of 82.28, a P/E/G ratio of 5.38 and a beta of 0.75. The business’s fifty day simple moving average is $174.60 and its two-hundred day simple moving average is $190.79. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $223.61.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, February 17th. The network technology company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.09. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the previous year, the business earned $0.81 earnings per share. The company’s revenue was up 14.9% on a year-over-year basis. 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, research analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Activity at Palo Alto Networks

In other news, Director James J. Goetz sold 12,500 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $195.33, for a total transaction of $2,441,625.00. Following the sale, the director owned 75,184 shares of the company’s stock, valued at $14,685,690.72. This trade represents a 14.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Josh D. Paul sold 800 shares of Palo Alto Networks stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $184.81, for a total transaction of $147,848.00. Following the completion of the sale, the chief accounting officer owned 46,005 shares of the company’s stock, valued at $8,502,184.05. This represents a 1.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 260,542 shares of company stock worth $49,910,995 over the last quarter. 1.40% of the stock is currently owned by insiders.

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.