Secure Asset Management LLC Sells 2,398 Shares of Palo Alto Networks, Inc. $PANW

Secure Asset Management LLC lessened its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 23.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,966 shares of the network technology company’s stock after selling 2,398 shares during the quarter. Secure Asset Management LLC’s holdings in Palo Alto Networks were worth $2,717,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in PANW. Solstein Capital LLC acquired a new position in Palo Alto Networks during the second quarter valued at approximately $26,000. N.E.W. Advisory Services LLC bought a new position in shares of Palo Alto Networks in the second quarter valued at approximately $27,000. Delos Wealth Advisors LLC acquired a new stake in shares of Palo Alto Networks in the second quarter worth $28,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Palo Alto Networks during the 2nd quarter worth $36,000. Finally, Kilter Group LLC bought a new stake in shares of Palo Alto Networks during the 2nd quarter worth $39,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Activity at Palo Alto Networks

In related news, Director Helle Thorning-Schmidt sold 700 shares of Palo Alto Networks stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total value of $242,795.00. Following the completion of the sale, the director directly owned 5,898 shares in the company, valued at $2,045,721.30. This trade represents a 10.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 900 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $353.77, for a total value of $318,393.00. Following the sale, the chief accounting officer directly owned 73,354 shares of the company’s stock, valued at $25,950,444.58. This represents a 1.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,735 shares of company stock valued at $10,814,266 over the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PANW shares. Benchmark raised their price target on Palo Alto Networks from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, August 24th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $330.00 target price on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Needham & Company LLC lifted their price target on Palo Alto Networks from $350.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft upped their price target on Palo Alto Networks from $220.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, Citizens Jmp raised their price objective on shares of Palo Alto Networks from $320.00 to $415.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $370.87.

Palo Alto Networks Stock Performance

Palo Alto Networks stock opened at $362.09 on Wednesday. The firm has a market capitalization of $295.10 billion, a P/E ratio of 296.80, a P/E/G ratio of 12.08 and a beta of 0.91. The stock has a fifty day moving average price of $347.96 and a two-hundred day moving average price of $251.94. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $398.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.04. The company had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company’s revenue was up 34.5% on a year-over-year basis. During the same quarter last year, the business posted $0.95 earnings per share. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. As a group, analysts anticipate that Palo Alto Networks, Inc. will post 2.01 EPS for the current fiscal year.

Key Stories Impacting Palo Alto Networks

Here are the key news stories impacting Palo Alto Networks this week:

• Positive Sentiment: Quarterly results topped expectations. Fiscal Q4 revenue rose roughly 34% year over year to $3.41 billion, exceeding the $3.35 billion consensus estimate. Non-GAAP EPS of $1.02 also beat expectations of $0.98 and increased from $0.95 a year earlier. Reuters article
• Positive Sentiment: Fiscal 2027 guidance was stronger than anticipated. Palo Alto Networks forecast revenue of $14.1 billion to $14.2 billion, representing approximately 23% to 24% growth and above the $13.8 billion analyst estimate. Its EPS outlook of $4.16 to $4.19 was also well above the $2.01 consensus, while first-quarter revenue and EPS guidance exceeded expectations. Wall Street Journal article
• Positive Sentiment: AI is expanding the cybersecurity opportunity. CEO Nikesh Arora said approximately $1 trillion of aging cybersecurity infrastructure is not prepared for AI-driven attacks, potentially creating a long runway for modernization spending and demand for Palo Alto’s platform. CNBC article
• Positive Sentiment: The company strengthened its AI strategy. Palo Alto announced the acquisition of Console, an AI-native platform intended to add agentic capabilities and automate security workflows. The deal reinforces management’s focus on AI-era cybersecurity demand. Console acquisition announcement
• Neutral Sentiment: Expectations were already high. Shares had gained substantially ahead of earnings, raising the risk that even strong results would prompt profit-taking. Analysts also lifted targets, including Scotiabank’s increase to $430, indicating continued confidence but potentially less near-term upside after the rally.
• Negative Sentiment: Valuation and market conditions pressured the stock. Palo Alto Networks trades at a very high earnings multiple, while software stocks broadly sold off amid rising Treasury yields, inflation concerns and geopolitical risk. This macro pressure appears to have outweighed the earnings beat in the immediate reaction. Software sector selloff article

Palo Alto Networks Profile

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.