Wendell David Associates Inc. Decreases Position in Palo Alto Networks, Inc. $PANW

Wendell David Associates Inc. cut its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,597 shares of the network technology company’s stock after selling 85 shares during the period. Wendell David Associates Inc.’s holdings in Palo Alto Networks were worth $736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HWG Holdings LP purchased a new stake in shares of Palo Alto Networks in the first quarter worth approximately $31,000. Dagco Inc. purchased a new stake in shares of Palo Alto Networks in the first quarter worth approximately $33,000. WPG Advisers LLC purchased a new stake in shares of Palo Alto Networks in the first quarter worth approximately $37,000. Strategic Investment Solutions Inc. IL raised its holdings in shares of Palo Alto Networks by 58.9% in the first quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock worth $38,000 after buying an additional 83 shares during the period. Finally, Stonebridge Financial Group LLC raised its holdings in shares of Palo Alto Networks by 46.8% in the first quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company’s stock worth $40,000 after buying an additional 74 shares during the period. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the 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 sale, the executive vice president owned 96,135 shares of the company’s stock, valued at approximately $19,629,805.65. This trade represents a 4.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total value of $141,512.00. Following the sale, the chief accounting officer owned 32,474 shares of the company’s stock, valued at approximately $6,564,943.84. This represents a 2.11% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,315,130 shares of company stock worth $260,687,367. 2.50% of the stock is currently owned by company insiders.

Palo Alto Networks Trading Up 1.2%

Shares of NASDAQ PANW opened at $207.89 on Friday. The stock has a market capitalization of $139.06 billion, a PE ratio of 129.53, a price-to-earnings-growth ratio of 4.94 and a beta of 0.98. The stock’s fifty day simple moving average is $196.80 and its two-hundred day simple moving average is $190.41. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $217.94.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The business’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the firm 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. On average, equities analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PANW has been the topic of several recent analyst reports. Jefferies Financial Group set a $235.00 price target on Palo Alto Networks in a report on Tuesday, July 29th. Tigress Financial started coverage on Palo Alto Networks in a research note on Friday, September 26th. They issued a “buy” rating and a $245.00 price objective on the stock. Sanford C. Bernstein set a $207.00 price objective on Palo Alto Networks and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. DA Davidson reissued a “buy” rating and issued a $215.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Barclays reissued an “overweight” rating and issued a $215.00 price objective (up previously from $210.00) on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Thirty research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.60.

Palo Alto Networks Company 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.