InTrack Investment Management Inc Lowers Stock Holdings in Palo Alto Networks, Inc. $PANW

InTrack Investment Management Inc cut its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 15.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,173 shares of the network technology company’s stock after selling 4,981 shares during the quarter. Palo Alto Networks makes up approximately 4.6% of InTrack Investment Management Inc’s portfolio, making the stock its 2nd largest holding. InTrack Investment Management Inc’s holdings in Palo Alto Networks were worth $9,266,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Solstein Capital LLC bought a new stake in shares of Palo Alto Networks in the second quarter valued at approximately $26,000. N.E.W. Advisory Services LLC bought a new position in Palo Alto Networks in the 2nd quarter worth approximately $27,000. Delos Wealth Advisors LLC purchased a new position in Palo Alto Networks in the 2nd quarter valued at approximately $28,000. EMC Capital Management purchased a new position in Palo Alto Networks in the 2nd quarter valued at approximately $34,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in Palo Alto Networks during the 2nd quarter valued at $36,000. Institutional investors own 79.82% of the company’s stock.

Insider Activity at Palo Alto Networks

In related news, Director James J. Goetz sold 20,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $279.90, for a total value of $5,598,000.00. Following the transaction, the director owned 20,000 shares of the company’s stock, valued at $5,598,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Josh D. Paul sold 900 shares of Palo Alto Networks 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 approximately $25,950,444.58. This trade represents a 1.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 37,735 shares of company stock worth $10,814,266 in the last three months. 1.40% of the stock is owned by insiders.

Palo Alto Networks Trading Down 9.3%

Shares of PANW opened at $328.48 on Thursday. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $398.88. The company has a market capitalization of $267.71 billion, a P/E ratio of 644.09, a P/E/G ratio of 11.06 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The firm’s 50 day simple moving average is $348.83 and its 200 day simple moving average is $253.11.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 10.21%. The business’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 EPS. 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. Sell-side analysts forecast that Palo Alto Networks, Inc. will post 2.25 earnings per share 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: Strong quarterly results and outlook: Fiscal fourth-quarter revenue rose 34% year over year to $3.41 billion, exceeding the $3.35 billion consensus estimate, while adjusted earnings of $1.02 per share topped expectations of $0.98. Fiscal 2027 revenue guidance of $14.1 billion to $14.2 billion was also above Wall Street’s forecast, supporting the company’s growth narrative. Reuters earnings and acquisition article
• Positive Sentiment: AI-security demand remains a major catalyst: Next-generation security annual recurring revenue increased 63% to $9.1 billion, including nearly $1 billion in net new ARR. Management said AI-driven cyberthreats are prompting customers to modernize aging security infrastructure, potentially extending PANW’s long-term growth runway. CNBC AI cybersecurity infrastructure article
• Positive Sentiment: Analysts remain bullish: Citigroup, DA Davidson, RBC, Susquehanna, Rosenblatt and BTIG all raised price targets, while Needham and Cantor Fitzgerald reaffirmed positive ratings. The revisions indicate analysts view the selloff as an opportunity and see meaningful upside if execution continues.
• Positive Sentiment: Strategic AI acquisition: Palo Alto Networks agreed to acquire Console, an AI-native platform that automates IT help-desk workflows and adds agentic capabilities. TechCrunch reported the transaction value at approximately $500 million in cash and stock, underscoring PANW’s continued investment in AI. TechCrunch Console acquisition article
• Neutral Sentiment: Valuation and expectations are the key debate: Despite the earnings beat, PANW’s premium valuation has left little room for disappointment. Investors appear to be repricing the stock after its substantial prior rally, while broader software and cybersecurity shares also traded lower.

Analysts Set New Price Targets

PANW has been the topic of several recent research reports. BTIG Research increased their target price on Palo Alto Networks from $380.00 to $404.00 and gave the stock a “buy” rating in a research report on Wednesday. Truist Financial set a $400.00 price target on Palo Alto Networks in a research report on Wednesday. New Street Research set a $415.00 price objective on Palo Alto Networks in a research note on Tuesday, August 18th. JPMorgan Chase & Co. increased their price objective on Palo Alto Networks from $326.00 to $384.00 and gave the stock an “overweight” rating in a report on Tuesday, August 25th. Finally, 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 note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Palo Alto Networks currently has an average rating of “Moderate Buy” and a consensus target price of $385.67.

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.