Palo Alto Networks, Inc. $PANW Holdings Cut by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,076,225 shares of the network technology company’s stock after selling 11,537 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.16% of Palo Alto Networks worth $220,239,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Resonant Capital Advisors LLC increased its stake in shares of Palo Alto Networks by 5.9% during the 2nd quarter. Resonant Capital Advisors LLC now owns 16,705 shares of the network technology company’s stock worth $3,419,000 after purchasing an additional 929 shares during the last quarter. Wealthfront Advisers LLC increased its stake in shares of Palo Alto Networks by 7.0% during the 2nd quarter. Wealthfront Advisers LLC now owns 59,831 shares of the network technology company’s stock worth $12,244,000 after purchasing an additional 3,932 shares during the last quarter. VestGen Investment Management increased its stake in shares of Palo Alto Networks by 4.8% during the 2nd quarter. VestGen Investment Management now owns 2,462 shares of the network technology company’s stock worth $504,000 after purchasing an additional 112 shares during the last quarter. Ingalls & Snyder LLC increased its stake in shares of Palo Alto Networks by 44.2% during the 2nd quarter. Ingalls & Snyder LLC now owns 22,565 shares of the network technology company’s stock worth $4,618,000 after purchasing an additional 6,915 shares during the last quarter. Finally, Whipplewood Advisors LLC increased its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Tigress Financial assumed coverage on shares of Palo Alto Networks in a research note on Friday, September 26th. They set a “buy” rating and a $245.00 price target on the stock. Truist Financial set a $220.00 target price on shares of Palo Alto Networks and gave the stock a “buy” rating in a report on Tuesday, August 19th. Rosenblatt Securities dropped their target price on shares of Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, August 14th. DA Davidson reiterated a “buy” rating and issued a $215.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, Jefferies Financial Group set a $235.00 target price on shares of Palo Alto Networks in a report on Tuesday, July 29th. Thirty research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $218.17.

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the sale, the executive vice president directly owned 96,135 shares in the company, valued at approximately $19,629,805.65. The trade was a 4.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total transaction of $141,512.00. Following the sale, the chief accounting officer owned 32,474 shares in the company, valued at approximately $6,564,943.84. This trade represents a 2.11% 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 worth $260,687,367 in the last 90 days. 2.50% of the stock is currently owned by insiders.

Palo Alto Networks Price Performance

NASDAQ PANW opened at $220.29 on Tuesday. The firm has a market capitalization of $147.35 billion, a price-to-earnings ratio of 137.25, a P/E/G ratio of 5.16 and a beta of 0.98. The company’s fifty day moving average is $201.67 and its two-hundred day moving average is $192.92. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $221.09.

Palo Alto Networks (NASDAQ:PANW) last issued its 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. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the business earned $0.75 EPS. The firm’s revenue 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. As a group, sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

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.