Palo Alto Networks, Inc. $PANW Shares Sold by Strait & Sound Wealth Management LLC

Strait & Sound Wealth Management LLC lowered its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 4.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 4,246 shares of the network technology company’s stock after selling 214 shares during the quarter. Strait & Sound Wealth Management LLC’s holdings in Palo Alto Networks were worth $725,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PANW. Nuveen LLC acquired a new stake in Palo Alto Networks during the 1st quarter worth about $810,047,000. Nuveen Asset Management LLC lifted its position in Palo Alto Networks by 98.0% during the 4th quarter. Nuveen Asset Management LLC now owns 6,158,580 shares of the network technology company’s stock worth $1,120,615,000 after acquiring an additional 3,047,625 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Palo Alto Networks by 92.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,951,283 shares of the network technology company’s stock worth $1,082,895,000 after acquiring an additional 2,862,718 shares during the period. GAMMA Investing LLC lifted its position in Palo Alto Networks by 18,802.8% during the 1st quarter. GAMMA Investing LLC now owns 2,410,290 shares of the network technology company’s stock worth $411,292,000 after acquiring an additional 2,397,539 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Palo Alto Networks by 41.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company’s stock worth $1,234,650,000 after acquiring an additional 2,134,735 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction dated Friday, August 1st. The stock was 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 owned 3,143,516 shares in the company, valued at $543,199,564.80. The trade was a 3.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Josh D. Paul sold 800 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $201.05, for a total value of $160,840.00. Following the sale, the chief accounting officer owned 42,033 shares of the company’s stock, valued at approximately $8,450,734.65. This trade represents a 1.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 569,422 shares of company stock worth $106,629,618 in the last 90 days. 2.50% of the stock is currently owned by company insiders.

Palo Alto Networks Stock Up 1.1%

Shares of Palo Alto Networks stock opened at $194.46 on Monday. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $210.39. The business has a 50-day moving average price of $188.33 and a 200 day moving average price of $185.62. The firm has a market cap of $130.07 billion, a PE ratio of 121.16, a P/E/G ratio of 4.64 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the business earned $0.75 EPS. Palo Alto Networks’s revenue for the quarter was up 15.8% compared to the same quarter last year. 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, sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Morgan Stanley lifted their price objective on Palo Alto Networks from $210.00 to $216.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. KeyCorp lowered Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 31st. JMP Securities reiterated a “market outperform” rating and set a $212.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Westpark Capital reiterated a “hold” rating on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $230.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, September 3rd. Twenty-eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and an average price target of $211.68.

About Palo Alto Networks

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.