Mission Wealth Management LP Trims Stake in Palo Alto Networks, Inc. $PANW

Mission Wealth Management LP reduced its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 31,314 shares of the network technology company’s stock after selling 402 shares during the period. Mission Wealth Management LP’s holdings in Palo Alto Networks were worth $6,408,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PANW. Brighton Jones LLC increased its stake in Palo Alto Networks by 147.7% in the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after purchasing an additional 4,031 shares during the period. Bison Wealth LLC increased its stake in Palo Alto Networks by 169.1% in the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock valued at $948,000 after purchasing an additional 3,275 shares during the period. Golden State Wealth Management LLC increased its stake in Palo Alto Networks by 7.2% in the first quarter. Golden State Wealth Management LLC now owns 7,387 shares of the network technology company’s stock valued at $1,261,000 after purchasing an additional 495 shares during the period. Checchi Capital Advisers LLC increased its stake in Palo Alto Networks by 6.1% in the first quarter. Checchi Capital Advisers LLC now owns 2,925 shares of the network technology company’s stock valued at $499,000 after purchasing an additional 168 shares during the period. Finally, Conning Inc. increased its stake in Palo Alto Networks by 12.1% in the first quarter. Conning Inc. now owns 3,175 shares of the network technology company’s stock valued at $542,000 after purchasing an additional 343 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PANW has been the topic of a number of recent research reports. Sanford C. Bernstein set a $207.00 price objective on shares of Palo Alto Networks and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Wedbush reiterated an “outperform” rating and set a $225.00 price target on shares of Palo Alto Networks in a research note on Monday, September 15th. Stephens reiterated an “equal weight” rating and set a $205.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Tigress Financial assumed coverage on shares of Palo Alto Networks in a research note on Friday, September 26th. They set a “buy” rating and a $245.00 price target on the stock. Finally, New Street Research increased their target price on Palo Alto Networks from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Thirty investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $218.17.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the transaction, the executive vice president directly owned 149,190 shares in the company, valued at approximately $31,616,344.80. This represents a 44.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Josh D. Paul sold 700 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $202.16, for a total transaction of $141,512.00. Following the transaction, the chief accounting officer owned 32,474 shares in the company, valued at $6,564,943.84. The trade was a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,215,130 shares of company stock valued at $243,407,367. 2.50% of the stock is owned by corporate insiders.

Palo Alto Networks Trading Up 0.9%

Shares of PANW opened at $220.24 on Friday. The firm’s 50-day moving average is $204.51 and its two-hundred day moving average is $194.30. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $223.61. The firm has a market capitalization of $147.32 billion, a P/E ratio of 137.22, a PEG ratio of 5.24 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business posted $0.75 earnings per share. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

About Palo Alto Networks

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.