Confluence Wealth Services Inc. Sells 108 Shares of Palo Alto Networks, Inc. $PANW

Confluence Wealth Services Inc. cut its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 6.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,695 shares of the network technology company’s stock after selling 108 shares during the period. Confluence Wealth Services Inc.’s holdings in Palo Alto Networks were worth $347,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PANW. Chung Wu Investment Group LLC acquired a new stake in Palo Alto Networks in the 2nd quarter valued at $205,000. Petros Family Wealth LLC grew its holdings in shares of Palo Alto Networks by 7.1% in the 2nd quarter. Petros Family Wealth LLC now owns 4,000 shares of the network technology company’s stock valued at $819,000 after acquiring an additional 266 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its position in shares of Palo Alto Networks by 0.9% in the second quarter. Knights of Columbus Asset Advisors LLC now owns 21,242 shares of the network technology company’s stock valued at $4,347,000 after acquiring an additional 191 shares during the last quarter. Plimoth Trust Co. LLC increased its position in shares of Palo Alto Networks by 14.2% in the second quarter. Plimoth Trust Co. LLC now owns 12,176 shares of the network technology company’s stock valued at $2,492,000 after acquiring an additional 1,511 shares during the last quarter. Finally, Woodmont Investment Counsel LLC raised its holdings in Palo Alto Networks by 2.9% during the second quarter. Woodmont Investment Counsel LLC now owns 31,028 shares of the network technology company’s stock worth $6,350,000 after acquiring an additional 885 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $212.58 on Tuesday. The stock has a market cap of $142.19 billion, a PE ratio of 132.45, a P/E/G ratio of 4.93 and a beta of 0.98. The firm has a 50-day moving average of $190.36 and a 200-day moving average of $188.45. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $213.85.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $2.54 billion for 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 quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. As a group, analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PANW. Truist Financial set a $220.00 price target on Palo Alto Networks and gave the company a “buy” rating in a research note on Tuesday, August 19th. Wedbush restated an “outperform” rating and set a $225.00 target price on shares of Palo Alto Networks in a report on Monday, September 15th. Jefferies Financial Group set a $235.00 price target on shares of Palo Alto Networks in a research report on Tuesday, July 29th. Morgan Stanley lifted their price objective on shares of Palo Alto Networks from $210.00 to $216.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Finally, Rosenblatt Securities dropped their target price on shares of Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, August 14th. Thirty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $214.64.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the completion of the sale, the executive vice president directly owned 177,954 shares of the company’s stock, valued at approximately $34,008,788.94. This trade represents a 40.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Nir Zuk sold 100,000 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $172.80, for a total value of $17,280,000.00. Following the completion of the transaction, the executive vice president directly owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,194,356 shares of company stock worth $235,092,941 in the last 90 days. Company insiders own 2.50% of the company’s stock.

Palo Alto Networks 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.