Palo Alto Networks, Inc. $PANW Shares Sold by Montz Harcus Wealth Management LLC

Montz Harcus Wealth Management LLC lowered its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 28.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,038 shares of the network technology company’s stock after selling 408 shares during the quarter. Montz Harcus Wealth Management LLC’s holdings in Palo Alto Networks were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in PANW. Brighton Jones LLC boosted its position in Palo Alto Networks by 147.7% during the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after purchasing an additional 4,031 shares during the period. Bison Wealth LLC boosted its position in Palo Alto Networks by 169.1% during the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock valued at $948,000 after purchasing an additional 3,275 shares during the period. Portside Wealth Group LLC boosted its position in Palo Alto Networks by 98.6% during the 1st quarter. Portside Wealth Group LLC now owns 1,666 shares of the network technology company’s stock valued at $303,000 after purchasing an additional 827 shares during the period. Beacon Financial Group boosted its position in Palo Alto Networks by 4.5% during the 1st quarter. Beacon Financial Group now owns 1,782 shares of the network technology company’s stock valued at $304,000 after purchasing an additional 76 shares during the period. Finally, Lmcg Investments LLC boosted its position in Palo Alto Networks by 3.8% during the 1st quarter. Lmcg Investments LLC now owns 9,378 shares of the network technology company’s stock valued at $1,600,000 after purchasing an additional 344 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Trading Down 1.0%

NASDAQ:PANW opened at $207.19 on Friday. The firm has a market capitalization of $138.59 billion, a price-to-earnings ratio of 129.09, a PEG ratio of 4.98 and a beta of 0.98. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $212.10. The business’s fifty day moving average price is $190.20 and its 200 day moving average price is $188.20.

Palo Alto Networks (NASDAQ:PANW) last posted 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. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.Palo Alto Networks’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Equities analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Activity

In related news, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the transaction, the executive vice president directly owned 96,135 shares of the company’s stock, valued at approximately $19,629,805.65. The trade was a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Nikesh Arora sold 846,408 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total value of $172,718,016.48. Following the completion of the transaction, the chief executive officer directly owned 275,013 shares in the company, valued at approximately $56,119,152.78. The trade was a 75.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,315,130 shares of company stock valued at $259,351,606 in the last ninety days. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PANW shares. New Street Research boosted their price objective on Palo Alto Networks from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, September 12th. KeyCorp lowered Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 31st. Barclays reissued an “overweight” rating and issued a $215.00 price target (up previously from $210.00) on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Jefferies Financial Group set a $235.00 price objective on Palo Alto Networks in a report on Tuesday, July 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 target price on shares of Palo Alto Networks in a report on Wednesday, September 3rd. Thirty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Palo Alto Networks presently has an average rating of “Moderate Buy” and a consensus target price of $214.64.

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.