Palo Alto Networks, Inc. $PANW Shares Sold by Spire Wealth Management

Spire Wealth Management cut its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 22.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,741 shares of the network technology company’s stock after selling 14,123 shares during the quarter. Spire Wealth Management’s holdings in Palo Alto Networks were worth $9,947,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PANW. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Palo Alto Networks in the 1st quarter worth about $261,000. Strive Asset Management LLC increased its position in Palo Alto Networks by 16.6% during the 1st quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company’s stock worth $358,000 after purchasing an additional 299 shares in the last quarter. Whipplewood Advisors LLC increased its position in Palo Alto Networks by 6,400.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company’s stock worth $27,000 after purchasing an additional 128 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Palo Alto Networks by 25.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 205,053 shares of the network technology company’s stock valued at $41,957,000 after buying an additional 41,392 shares during the period. Finally, Arkadios Wealth Advisors lifted its position in Palo Alto Networks by 9.2% during the second quarter. Arkadios Wealth Advisors now owns 39,893 shares of the network technology company’s stock valued at $8,164,000 after buying an additional 3,351 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PANW shares. Mizuho boosted their price objective on shares of Palo Alto Networks from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Morgan Stanley lifted their target price on shares of Palo Alto Networks from $210.00 to $216.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Oppenheimer upped their price target on shares of Palo Alto Networks from $225.00 to $245.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Bank of America raised their price objective on Palo Alto Networks from $215.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Finally, Jefferies Financial Group set a $235.00 price objective on Palo Alto Networks in a research note on Tuesday, July 29th. Thirty research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and an average price target of $218.17.

Insider Activity at Palo Alto Networks

In other news, EVP Lee Klarich sold 120,774 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $211.92, for a total value of $25,594,426.08. Following the transaction, the executive vice president directly owned 149,190 shares in the company, valued at approximately $31,616,344.80. This trade represents a 44.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the transaction, the executive vice president directly owned 3,143,516 shares of the company’s stock, valued at $543,199,564.80. This trade represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,315,130 shares of company stock valued at $260,687,367 in the last ninety days. 2.50% of the stock is owned by insiders.

Palo Alto Networks Trading Down 1.9%

PANW opened at $217.16 on Thursday. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $223.61. The firm has a market cap of $145.26 billion, a price-to-earnings ratio of 135.30, a PEG ratio of 5.26 and a beta of 0.98. The company has a fifty day simple moving average of $203.12 and a 200 day simple moving average of $193.64.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. 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, analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

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.