Palo Alto Networks (NASDAQ:PANW) EVP Lee Klarich Sells 120,774 Shares

by · The Cerbat Gem

Palo Alto Networks, Inc. (NASDAQ:PANW – Get Free Report) EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $217.94, for a total transaction of $26,321,485.56. Following the transaction, the executive vice president directly owned 356,409 shares in the company, valued at $77,675,777.46. This trade represents a 25.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Lee Klarich also recently made the following trade(s):

  • On Monday, October 6th, Lee Klarich sold 120,774 shares of Palo Alto Networks stock. The shares were sold at an average price of $211.92, for a total transaction of $25,594,426.08.
  • On Wednesday, September 3rd, Lee Klarich sold 120,774 shares of Palo Alto Networks stock. The stock was sold at an average price of $191.11, for a total transaction of $23,081,119.14.

Palo Alto Networks Trading Down 2.1%

PANW traded down $4.71 during mid-day trading on Tuesday, hitting $214.52. 6,354,673 shares of the stock were exchanged, compared to its average volume of 6,191,041. The company has a market cap of $143.49 billion, a PE ratio of 133.66, a PEG ratio of 5.24 and a beta of 0.95. The firm’s fifty day moving average is $205.20 and its two-hundred day moving average is $194.84. 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 – Get Free Report) last issued its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. As a group, research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Brighton Jones LLC raised its stake in Palo Alto Networks by 147.7% during the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock worth $1,230,000 after acquiring an additional 4,031 shares during the period. Bison Wealth LLC raised its position in shares of Palo Alto Networks by 169.1% during the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after purchasing an additional 3,275 shares during the period. World Investment Advisors lifted its holdings in shares of Palo Alto Networks by 2.6% in the 1st quarter. World Investment Advisors now owns 20,214 shares of the network technology company’s stock worth $3,449,000 after purchasing an additional 511 shares during the last quarter. Capital Advisors Inc. OK boosted its position in Palo Alto Networks by 22.8% during the 1st quarter. Capital Advisors Inc. OK now owns 243,684 shares of the network technology company’s stock valued at $41,582,000 after purchasing an additional 45,210 shares during the period. Finally, TD Private Client Wealth LLC grew its stake in Palo Alto Networks by 3.4% during the 1st quarter. TD Private Client Wealth LLC now owns 2,223 shares of the network technology company’s stock worth $379,000 after buying an additional 74 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $230.00 price target on shares of Palo Alto Networks in a research report on Wednesday, September 3rd. Mizuho upped their target price on Palo Alto Networks from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Wedbush reaffirmed an “outperform” rating and set a $225.00 price target on shares of Palo Alto Networks in a research note on Monday, September 15th. Scotiabank increased their price objective on shares of Palo Alto Networks from $225.00 to $228.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 19th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $232.00 target price on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Thirty investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average target price of $218.17.

View Our Latest Research Report on Palo Alto Networks

About Palo Alto Networks

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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.

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