Kingsview Wealth Management LLC Reduces Stock Position in Palo Alto Networks, Inc. $PANW

Kingsview Wealth Management LLC trimmed its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 6.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,822 shares of the network technology company’s stock after selling 1,399 shares during the period. Kingsview Wealth Management LLC’s holdings in Palo Alto Networks were worth $7,101,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Palo Alto Networks in the second quarter worth $25,833,462,000. Norges Bank bought a new position in Palo Alto Networks during the 4th quarter valued at $1,415,364,000. Legal & General Group Plc bought a new position in Palo Alto Networks during the 2nd quarter valued at $1,968,304,000. Bank of New York Mellon Corp acquired a new position in Palo Alto Networks during the 2nd quarter worth $1,569,755,000. Finally, Deutsche Bank AG acquired a new position in Palo Alto Networks during the 2nd quarter worth $1,481,236,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Palo Alto Networks Trading Down 2.9%

Palo Alto Networks stock opened at $371.59 on Friday. The firm’s 50-day moving average is $344.62 and its 200-day moving average is $248.45. 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 1 year low of $139.57 and a 1 year high of $398.88. The company has a market cap of $302.85 billion, a P/E ratio of 304.58, a PEG ratio of 12.10 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the business posted $0.37 EPS. The company’s quarterly revenue was up 31.1% on a year-over-year basis. 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. On average, equities analysts expect that Palo Alto Networks, Inc. will post 2.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PANW. Guggenheim lowered shares of Palo Alto Networks from a “neutral” rating to a “reduce” rating in a research note on Wednesday, May 27th. Needham & Company LLC lifted their price target on Palo Alto Networks from $350.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Jefferies Financial Group reissued a “buy” rating and issued a $450.00 price objective (up from $335.00) on shares of Palo Alto Networks in a report on Friday. BTIG Research restated a “buy” rating and set a $380.00 price objective on shares of Palo Alto Networks in a research note on Wednesday. Finally, Northland Securities increased their target price on Palo Alto Networks from $190.00 to $302.00 and gave the stock a “market perform” rating in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average target price of $368.42.

Insider Transactions at Palo Alto Networks

In other news, CAO Josh D. Paul sold 1,100 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $285.08, for a total transaction of $313,588.00. Following the sale, the chief accounting officer directly owned 81,636 shares in the company, valued at approximately $23,272,790.88. This represents a 1.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Helle Thorning-Schmidt sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total value of $242,795.00. Following the completion of the sale, the director directly owned 5,898 shares in the company, valued at approximately $2,045,721.30. This trade represents a 10.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 38,835 shares of company stock valued at $11,127,854 over the last ninety days. Insiders own 1.40% of the company’s stock.

Trending Headlines about Palo Alto Networks

Here are the key news stories impacting Palo Alto Networks this week:

• Positive Sentiment: Benchmark raised its price target to $400 from $340 and maintained a Buy rating, citing potential upside to next-generation security annual recurring revenue, revenue, operating income and margins. The forecast reinforces expectations that Palo Alto Networks’ AI-security strategy is gaining traction. Palo Alto Networks Gets a $400 Target
• Positive Sentiment: Investors are taking confidence from CrowdStrike’s stronger-than-expected results, which highlighted robust AI-related cybersecurity demand and lifted sentiment across the sector. Palo Alto Networks is viewed as a potential beneficiary of the same spending cycle. Palo Alto Networks Stock Trades Up
• Positive Sentiment: Platformization, adoption of AI-security products and recent deal wins are expected to support fourth-quarter growth. BTIG also assigned PANW a Buy rating, adding to broadly favorable analyst coverage. Palo Alto Networks to Report Q4 Earnings
• Neutral Sentiment: Earnings are the next major catalyst. Traders expect potentially significant movement after the report, while analysts are watching recurring revenue, margins, operating income and guidance—not just revenue and EPS. Expected Post-Earnings Stock Move
• Negative Sentiment: Acquisition-related costs could pressure results, and the stock’s triple-digit P/E ratio—above 300 based on the supplied data—means much of the AI-growth outlook may already be reflected in the price. Any shortfall in growth or guidance could trigger profit-taking. Palo Alto’s Rally Has One Big Problem Ahead of Earnings
• Negative Sentiment: Chief Accounting Officer Josh D. Paul sold 900 shares for approximately $318,000, reducing his position by 1.21%. The transaction is small relative to his remaining holdings but may create a modest sentiment headwind. Palo Alto Networks Insider Sale

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.