Palo Alto Networks, Inc. $PANW Shares Sold by Waldron Private Wealth LLC

Waldron Private Wealth LLC cut its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 34,099 shares of the network technology company’s stock after selling 589 shares during the period. Waldron Private Wealth LLC’s holdings in Palo Alto Networks were worth $6,978,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Palo Alto Networks in the 1st quarter valued at $261,000. Strive Asset Management LLC increased its holdings in shares of Palo Alto Networks by 16.6% during the 1st quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company’s stock worth $358,000 after buying an additional 299 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Palo Alto Networks by 10.8% during the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company’s stock worth $2,410,000 after buying an additional 1,374 shares during the last quarter. Avity Investment Management Inc. increased its holdings in shares of Palo Alto Networks by 37.9% during the 2nd quarter. Avity Investment Management Inc. now owns 181,691 shares of the network technology company’s stock worth $37,181,000 after buying an additional 49,971 shares during the last quarter. Finally, Czech National Bank increased its holdings in shares of Palo Alto Networks by 6.4% during the 2nd quarter. Czech National Bank now owns 161,840 shares of the network technology company’s stock worth $33,119,000 after buying an additional 9,766 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $217.11 on Friday. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $218.23. The business has a 50-day moving average of $200.79 and a 200-day moving average of $192.46. The company has a market capitalization of $145.22 billion, a price-to-earnings ratio of 135.27, a PEG ratio of 5.16 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 return on equity of 17.66% and a net margin of 12.30%.The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. The company’s revenue 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. Research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PANW shares. UBS Group set a $245.00 price objective on Palo Alto Networks in a report on Friday, September 26th. Jefferies Financial Group set a $235.00 price objective on Palo Alto Networks in a report on Tuesday, July 29th. Wedbush restated an “outperform” rating and set a $225.00 price objective on shares of Palo Alto Networks in a report on Monday, September 15th. Stephens restated an “equal weight” rating and set a $205.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, Truist Financial set a $220.00 price objective on Palo Alto Networks and gave the stock a “buy” rating in a report on Tuesday, August 19th. Thirty investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $217.22.

Insider Buying and Selling

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 value of $25,594,426.08. Following the completion of the transaction, the executive vice president directly owned 149,190 shares of the company’s stock, valued at $31,616,344.80. This represents a 44.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Josh D. Paul sold 700 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total transaction of $141,512.00. Following the completion of the transaction, the chief accounting officer directly owned 32,474 shares of the company’s stock, valued at approximately $6,564,943.84. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,315,130 shares of company stock worth $260,687,367 over the last quarter. Company insiders own 2.50% of the company’s stock.

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.