Palo Alto Networks, Inc. $PANW Shares Sold by Wells Trecaso Financial Group LLC

Wells Trecaso Financial Group LLC lessened its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 0.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 72,985 shares of the network technology company’s stock after selling 122 shares during the period. Palo Alto Networks accounts for about 4.6% of Wells Trecaso Financial Group LLC’s portfolio, making the stock its 6th biggest holding. Wells Trecaso Financial Group LLC’s holdings in Palo Alto Networks were worth $14,935,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PANW. Brighton Jones LLC grew its holdings in Palo Alto Networks by 147.7% during the 4th 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 in the last quarter. Bison Wealth LLC grew its holdings in 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 acquiring an additional 3,275 shares in the last quarter. Portside Wealth Group LLC grew its holdings in Palo Alto Networks by 98.6% during the 1st quarter. Portside Wealth Group LLC now owns 1,666 shares of the network technology company’s stock worth $303,000 after acquiring an additional 827 shares in the last quarter. Beacon Financial Group grew its holdings in Palo Alto Networks by 4.5% during the 1st quarter. Beacon Financial Group now owns 1,782 shares of the network technology company’s stock worth $304,000 after acquiring an additional 76 shares in the last quarter. Finally, Lmcg Investments LLC grew its holdings in Palo Alto Networks by 3.8% during the 1st quarter. Lmcg Investments LLC now owns 9,378 shares of the network technology company’s stock worth $1,600,000 after acquiring an additional 344 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Wall Street Analysts Forecast Growth

PANW has been the subject of several research analyst reports. Wedbush restated an “outperform” rating and issued a $225.00 target price on shares of Palo Alto Networks in a report on Monday, September 15th. Stephens restated an “equal weight” rating and issued a $205.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Palo Alto Networks in a report on Saturday, September 27th. Piper Sandler upgraded shares of Palo Alto Networks from a “neutral” rating to an “overweight” rating and upped their target price for the company from $200.00 to $225.00 in a report on Tuesday, August 12th. Finally, Needham & Company LLC restated a “buy” rating and issued a $230.00 target price on shares of Palo Alto Networks in a report on Wednesday, September 3rd. Thirty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.64.

Insiders Place Their Bets

In other news, EVP Lee Klarich sold 120,774 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $171.58, for a total value of $20,722,402.92. Following the completion of the transaction, the executive vice president owned 206,718 shares in the company, valued at $35,468,674.44. This trade represents a 36.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the sale, the executive vice president directly owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. The trade was a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,315,130 shares of company stock worth $259,351,606. Insiders own 2.50% of the company’s stock.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock opened at $207.19 on Friday. The company has a market cap of $138.59 billion, a P/E ratio of 129.09, a PEG ratio of 4.98 and a beta of 0.98. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $212.10. The firm has a fifty day moving average of $190.20 and a two-hundred day moving average of $188.20.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. Palo Alto Networks’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS. 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, equities analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

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.