KMG Fiduciary Partners LLC Sells 19,953 Shares of Palo Alto Networks, Inc. $PANW

KMG Fiduciary Partners LLC trimmed its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 53.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,687 shares of the network technology company’s stock after selling 19,953 shares during the period. KMG Fiduciary Partners LLC’s holdings in Palo Alto Networks were worth $6,032,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PANW. Darwin Wealth Management LLC bought a new stake in shares of Palo Alto Networks in the second quarter valued at about $25,000. Steph & Co. increased its stake in Palo Alto Networks by 88.2% during the fourth quarter. Steph & Co. now owns 143 shares of the network technology company’s stock valued at $26,000 after acquiring an additional 67 shares during the period. Knuff & Co LLC acquired a new position in Palo Alto Networks in the 4th quarter valued at approximately $26,000. Sittner & Nelson LLC raised its holdings in Palo Alto Networks by 73.8% in the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after acquiring an additional 62 shares in the last quarter. Finally, Luken Investment Analytics LLC lifted its position in shares of Palo Alto Networks by 196.2% in the 4th quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock worth $28,000 after acquiring an additional 102 shares during the period. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Up 5.8%

Shares of NASDAQ:PANW opened at $385.04 on Tuesday. The company’s fifty day moving average is $319.57 and its 200-day moving average is $229.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $385.17. The company has a market capitalization of $313.81 billion, a PE ratio of 315.61, a P/E/G ratio of 12.21 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter last year, the company posted $0.37 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. Equities research analysts predict that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Josh D. Paul sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $285.08, for a total value of $313,588.00. Following the transaction, the chief accounting officer directly owned 81,636 shares of the company’s stock, valued at $23,272,790.88. The trade was a 1.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lee Klarich sold 62,904 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $258.65, for a total value of $16,270,119.60. Following the sale, the executive vice president owned 235,983 shares in the company, valued at approximately $61,037,002.95. This trade represents a 21.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 101,239 shares of company stock valued at $27,174,360 in the last ninety days. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PANW shares. UBS Group set a $300.00 price objective on Palo Alto Networks and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Wedbush raised their target price on Palo Alto Networks from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. TD Cowen reiterated a “buy” rating on shares of Palo Alto Networks in a research note on Thursday. Needham & Company LLC boosted their price target on shares of Palo Alto Networks from $350.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings cut shares of Palo Alto Networks from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $333.76.

Palo Alto Networks Company 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.