Palo Alto Networks, Inc. $PANW Shares Sold by Westwood Wealth Management

Westwood Wealth Management lowered its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 4.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,346 shares of the network technology company’s stock after selling 1,100 shares during the period. Palo Alto Networks makes up 1.8% of Westwood Wealth Management’s holdings, making the stock its 13th biggest holding. Westwood Wealth Management’s holdings in Palo Alto Networks were worth $5,391,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. St. Clair Advisors LLC grew its holdings in shares of Palo Alto Networks by 0.3% in the second quarter. St. Clair Advisors LLC now owns 15,800 shares of the network technology company’s stock valued at $3,233,000 after purchasing an additional 50 shares in the last quarter. Astoria Portfolio Advisors LLC. grew its holdings in shares of Palo Alto Networks by 2.1% in the second quarter. Astoria Portfolio Advisors LLC. now owns 2,467 shares of the network technology company’s stock valued at $496,000 after purchasing an additional 50 shares in the last quarter. Csenge Advisory Group grew its holdings in shares of Palo Alto Networks by 2.4% in the first quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company’s stock valued at $381,000 after purchasing an additional 53 shares in the last quarter. TFG Advisers LLC grew its holdings in shares of Palo Alto Networks by 1.1% in the second quarter. TFG Advisers LLC now owns 4,668 shares of the network technology company’s stock valued at $955,000 after purchasing an additional 53 shares in the last quarter. Finally, GSG Advisors LLC grew its holdings in shares of Palo Alto Networks by 0.4% in the first quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company’s stock valued at $2,154,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Activity at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total value of $1,020,950.00. Following the completion of the transaction, the executive vice president owned 96,135 shares in the company, valued at approximately $19,629,805.65. This represents a 4.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Nikesh Arora sold 846,408 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the completion of the transaction, the chief executive officer owned 275,013 shares of the company’s stock, valued at approximately $56,119,152.78. The trade was a 75.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,215,130 shares of company stock worth $243,407,367. Corporate insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Truist Financial set a $220.00 price objective on shares of Palo Alto Networks and gave the company a “buy” rating in a report on Tuesday, August 19th. KeyCorp cut shares of Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 31st. JMP Securities boosted their price target on shares of Palo Alto Networks from $212.00 to $250.00 and gave the stock a “market outperform” rating in a report on Monday, October 27th. Cantor Fitzgerald reiterated an “overweight” rating and set a $223.00 price target on shares of Palo Alto Networks in a report on Friday, August 15th. Finally, Stephens reiterated an “equal weight” rating and set a $205.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. Thirty equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.17.

Palo Alto Networks Trading Up 0.9%

Shares of Palo Alto Networks stock opened at $220.24 on Friday. The company has a fifty day simple moving average of $204.51 and a 200-day simple moving average of $194.30. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $223.61. The stock has a market cap of $147.32 billion, a price-to-earnings 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 (EPS) for the quarter, beating 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 business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal 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.