Kingsview Wealth Management LLC Sells 2,346 Shares of Palo Alto Networks, Inc. $PANW

Kingsview Wealth Management LLC decreased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 10.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 19,888 shares of the network technology company’s stock after selling 2,346 shares during the period. Kingsview Wealth Management LLC’s holdings in Palo Alto Networks were worth $3,663,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PANW. Brighton Jones LLC grew its holdings in shares of Palo Alto Networks by 147.7% in the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after buying an additional 4,031 shares during the period. Bison Wealth LLC grew its holdings in shares of Palo Alto Networks by 169.1% in the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock valued at $948,000 after buying an additional 3,275 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Palo Alto Networks by 66.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock valued at $713,000 after buying an additional 1,389 shares during the period. Osterweis Capital Management Inc. grew its holdings in shares of Palo Alto Networks by 11,100.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company’s stock valued at $115,000 after buying an additional 555 shares during the period. Finally, Main Street Financial Solutions LLC grew its holdings in shares of Palo Alto Networks by 6.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company’s stock valued at $900,000 after buying an additional 249 shares during the period. Institutional investors own 79.82% of the company’s stock.

Key Stories Impacting Palo Alto Networks

Here are the key news stories impacting Palo Alto Networks this week:

• Positive Sentiment: Several Wall Street firms lifted their price targets on Palo Alto Networks, including Morgan Stanley, Evercore, Wedbush, Benchmark, Wells Fargo, BTIG, and Mizuho, reinforcing expectations for continued growth and keeping sentiment constructive. Morgan Stanley raises price target
• Positive Sentiment: Recent coverage continues to highlight Palo Alto Networks’ strong platform momentum and growing ARR, suggesting investors see room for further upside if upcoming earnings confirm the trend. ARR growth article
• Neutral Sentiment: Analysts and media are also debating whether the company’s AI security leadership is a durable competitive advantage or mostly a narrative, which adds uncertainty but does not appear to be the main driver today. AI security narrative article
• Negative Sentiment: EVP Lee Klarich sold 62,904 shares, a move some investors may interpret cautiously, although he still retains a meaningful stake in the company. Insider sale article
• Negative Sentiment: Some analysts remain cautious on near-term fundamentals, pointing to rising acquisition costs, share dilution, and a mixed outlook heading into Q3 earnings. Q3 earnings outlook article

Insider Transactions at Palo Alto Networks

In related news, EVP Lee Klarich sold 62,904 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $258.65, for a total value of $16,270,119.60. Following the completion of the transaction, the executive vice president directly owned 235,983 shares of the company’s stock, valued at approximately $61,037,002.95. This represents a 21.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John P. Key sold 1,572 shares of the company’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $173.32, for a total transaction of $272,459.04. Following the completion of the transaction, the director directly owned 20,000 shares of the company’s stock, valued at approximately $3,466,400. The trade was a 7.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 93,660 shares of company stock worth $21,346,475. Company insiders own 1.40% of the company’s stock.

Palo Alto Networks Trading Up 9.3%

Shares of NASDAQ PANW opened at $281.69 on Friday. The firm has a market cap of $229.86 billion, a PE ratio of 155.63, a PEG ratio of 9.29 and a beta of 0.77. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $283.71. The company has a fifty day moving average price of $192.58 and a 200 day moving average price of $183.96.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. TD Cowen reissued a “buy” rating on shares of Palo Alto Networks in a report on Wednesday, February 18th. HSBC decreased their price target on shares of Palo Alto Networks from $157.00 to $114.00 in a report on Thursday, February 19th. Morgan Stanley boosted their price target on shares of Palo Alto Networks from $223.00 to $253.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Palo Alto Networks from $240.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Finally, Capital One Financial boosted their price target on shares of Palo Alto Networks from $168.00 to $248.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $235.09.

About Palo Alto Networks

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.