Clear Street Group Inc. Reduces Holdings in Palo Alto Networks, Inc. $PANW

Clear Street Group Inc. decreased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 39.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,220 shares of the network technology company’s stock after selling 10,413 shares during the period. Clear Street Group Inc.’s holdings in Palo Alto Networks were worth $2,988,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PANW. Norges Bank purchased a new stake in Palo Alto Networks during the 4th quarter worth $1,415,364,000. Vanguard Group Inc. grew its holdings in Palo Alto Networks by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock worth $12,512,533,000 after acquiring an additional 2,659,100 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Palo Alto Networks by 108.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,467,692 shares of the network technology company’s stock worth $502,263,000 after acquiring an additional 1,282,738 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in Palo Alto Networks during the 4th quarter worth $164,968,000. Finally, Renaissance Technologies LLC grew its holdings in Palo Alto Networks by 1,226.3% during the 4th quarter. Renaissance Technologies LLC now owns 908,500 shares of the network technology company’s stock worth $167,346,000 after acquiring an additional 840,000 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insiders Place Their Bets

In other news, Director John P. Key sold 7,500 shares of Palo Alto Networks stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $279.24, for a total value of $2,094,300.00. Following the completion of the transaction, the director directly owned 12,500 shares of the company’s stock, valued at approximately $3,490,500. The trade was a 37.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Nikesh Arora purchased 68,085 shares of the firm’s stock in a transaction dated Friday, March 27th. The stock was acquired at an average cost of $146.87 per share, with a total value of $9,999,643.95. Following the completion of the acquisition, the chief executive officer directly owned 343,394 shares in the company, valued at approximately $50,434,276.78. This trade represents a 24.73% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 81,044 shares of company stock worth $20,424,722. Corporate insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $279.62 on Monday. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $302.95. The company has a 50-day simple moving average of $216.44 and a 200-day simple moving average of $189.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $227.89 billion, a PE ratio of 229.20, a price-to-earnings-growth ratio of 10.38 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the business posted $0.37 EPS. The company’s quarterly revenue was up 31.1% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. On average, equities analysts forecast that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

PANW has been the subject of several recent analyst reports. Susquehanna reissued a “positive” rating and set a $350.00 price objective (up from $200.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Daiwa Securities Group decreased their price objective on shares of Palo Alto Networks from $212.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. New Street Research decreased their price objective on shares of Palo Alto Networks from $240.00 to $220.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Benchmark raised their price objective on shares of Palo Alto Networks from $270.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, Northland Securities raised their price objective on shares of Palo Alto Networks from $190.00 to $302.00 and gave the stock a “market perform” rating in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $306.59.

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.