Palo Alto Networks, Inc. $PANW Stock Holdings Lowered by Wedbush Securities Inc.

Wedbush Securities Inc. lessened its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 24.1% during the second quarter, Holdings Channel reports. The fund owned 47,679 shares of the network technology company’s stock after selling 15,149 shares during the quarter. Wedbush Securities Inc.’s holdings in Palo Alto Networks were worth $9,757,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Palo Alto Networks by 2.5% during the first quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company’s stock valued at $10,712,019,000 after buying an additional 1,541,637 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Palo Alto Networks by 41.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company’s stock valued at $1,234,650,000 after acquiring an additional 2,134,735 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Palo Alto Networks by 16.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,902,048 shares of the network technology company’s stock valued at $1,177,765,000 after acquiring an additional 950,765 shares during the period. Nuveen LLC bought a new stake in Palo Alto Networks during the 1st quarter valued at $810,047,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Palo Alto Networks by 5.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,422,037 shares of the network technology company’s stock worth $754,576,000 after acquiring an additional 219,111 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Lee Klarich sold 120,774 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $217.94, for a total value of $26,321,485.56. Following the completion of the sale, the executive vice president owned 356,409 shares in the company, valued at approximately $77,675,777.46. This represents a 25.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $219.97, for a total transaction of $153,979.00. Following the transaction, the chief accounting officer owned 47,505 shares in the company, valued at approximately $10,449,674.85. The trade was a 1.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,215,830 shares of company stock valued at $249,160,428 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $212.29 on Friday. The stock has a market capitalization of $142.00 billion, a P/E ratio of 132.27, a P/E/G ratio of 5.03 and a beta of 0.95. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $223.61. The business’s fifty day moving average is $207.16 and its two-hundred day moving average is $195.77.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion during 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%.The company’s revenue was up 15.8% compared to the same quarter last year. During the same period last year, the company posted $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, research analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on PANW. Westpark Capital reissued a “hold” rating on shares of Palo Alto Networks in a report on Tuesday, August 19th. Mizuho boosted their price target on shares of Palo Alto Networks from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 price target on shares of Palo Alto Networks in a research note on Wednesday, September 3rd. UBS Group set a $245.00 price objective on shares of Palo Alto Networks in a research note on Friday, September 26th. Finally, Citigroup reissued an “outperform” rating on shares of Palo Alto Networks in a report on Monday, October 27th. Thirty research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. 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.

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.