RiverGlades Family Offices LLC Sells 258 Shares of Palo Alto Networks, Inc. $PANW

RiverGlades Family Offices LLC lowered its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 5.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 4,200 shares of the network technology company’s stock after selling 258 shares during the quarter. RiverGlades Family Offices LLC’s holdings in Palo Alto Networks were worth $859,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PANW. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Palo Alto Networks in the 1st quarter valued at $261,000. Strive Asset Management LLC boosted its position in 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 valued at $358,000 after buying an additional 299 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in Palo Alto Networks by 25.3% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 205,053 shares of the network technology company’s stock valued at $41,957,000 after buying an additional 41,392 shares during the period. Whipplewood Advisors LLC lifted its position in shares of Palo Alto Networks by 6,400.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company’s stock worth $27,000 after purchasing an additional 128 shares during the period. Finally, Arkadios Wealth Advisors lifted its position in shares of Palo Alto Networks by 9.2% in the 2nd quarter. Arkadios Wealth Advisors now owns 39,893 shares of the network technology company’s stock worth $8,164,000 after purchasing an additional 3,351 shares during the period. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PANW shares. DA Davidson reissued a “buy” rating and set a $215.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Truist Financial set a $220.00 price target on shares of Palo Alto Networks and gave the stock a “buy” rating in a research note on Tuesday, August 19th. Mizuho raised their price objective on shares of Palo Alto Networks from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Bank of America raised their price objective on shares of Palo Alto Networks from $215.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Finally, Jefferies Financial Group set a $235.00 price target on shares of Palo Alto Networks in a report on Tuesday, July 29th. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $218.17.

Palo Alto Networks Price Performance

Shares of Palo Alto Networks stock opened at $219.23 on Tuesday. The stock has a market cap of $146.64 billion, a price-to-earnings ratio of 136.59, a PEG ratio of 5.24 and a beta of 0.95. The firm’s 50-day moving average is $205.20 and its two-hundred day moving average is $194.84. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $223.61.

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, beating the consensus estimate of $0.89 by $0.06. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates 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 revenue was up 15.8% on a year-over-year basis. During the same period last year, the firm posted $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. On average, equities analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Activity at Palo Alto Networks

In related news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks 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 sale, the executive vice president owned 96,135 shares of the company’s stock, valued at approximately $19,629,805.65. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Nikesh Arora sold 846,408 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total value of $172,718,016.48. Following the completion of the transaction, the chief executive officer owned 275,013 shares in the company, valued at $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. Insiders sold a total of 1,094,356 shares of company stock worth $222,684,964 over the last 90 days. 2.50% of the stock is owned by insiders.

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.