Palo Alto Networks, Inc. $PANW Shares Sold by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC cut its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 12.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,854 shares of the network technology company’s stock after selling 6,703 shares during the quarter. Palo Alto Networks comprises about 2.3% of Canvas Wealth Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Canvas Wealth Advisors LLC’s holdings in Palo Alto Networks were worth $16,660,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of PANW. Norges Bank acquired a new position in shares of Palo Alto Networks in the 4th quarter worth approximately $1,415,364,000. Bank of America Corp DE raised its holdings in shares of Palo Alto Networks by 16.0% in the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock worth $3,603,473,000 after purchasing an additional 3,101,267 shares in the last quarter. Vanguard Group Inc. lifted its stake in Palo Alto Networks by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock valued at $12,512,533,000 after purchasing an additional 2,659,100 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Palo Alto Networks by 1,665.1% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,761,909 shares of the network technology company’s stock worth $442,788,000 after buying an additional 2,605,433 shares in the last quarter. Finally, Amundi boosted its holdings in Palo Alto Networks by 67.1% during the first quarter. Amundi now owns 6,297,833 shares of the network technology company’s stock worth $1,009,669,000 after buying an additional 2,528,299 shares in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Stock Down 0.3%

Shares of NASDAQ:PANW opened at $383.80 on Wednesday. The firm has a 50 day simple moving average of $321.30 and a 200 day simple moving average of $231.33. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $387.20. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $312.80 billion, a PE ratio of 314.59, a price-to-earnings-growth ratio of 12.92 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the company posted $0.37 EPS. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. As a group, research analysts expect that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Robert W. Baird set a $320.00 price target on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. UBS Group set a $300.00 price objective on Palo Alto Networks and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Royal Bank Of Canada lifted their target price on Palo Alto Networks from $255.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Wedbush boosted their target price on Palo Alto Networks from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Finally, BNP Paribas Exane upped their target price on Palo Alto Networks from $330.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Palo Alto Networks has a consensus rating of “Moderate Buy” and an average price target of $333.76.

Palo Alto Networks News Summary

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

• Positive Sentiment: Cybersecurity stocks led the market on Monday, with Palo Alto Networks and CrowdStrike reaching record levels after the Black Hat conference highlighted how AI agents are creating new security risks. Analysts said the changing threat landscape could increase demand for cybersecurity products. CrowdStrike, Palo Alto hit records after Black Hat cyber conference illuminates rising AI threat
• Positive Sentiment: Broader cybersecurity shares surged even as the overall market declined, making Palo Alto Networks a relative strength leader and reinforcing investor enthusiasm for the sector. Cybersecurity Stocks Surge, With Palo Alto Networks and CrowdStrike Leading the Charge
• Positive Sentiment: Coverage describing a “massive update” and booming performance in 2026 is supporting the bullish narrative around PANW, although the available report details do not specify a new financial announcement. Massive Update for Palo Alto Stock Investors
• Positive Sentiment: Wall Street’s generally bullish recommendations continue to provide support for the stock. Recent quarterly results also showed earnings and revenue above consensus, with revenue growth of 31.1% year over year.
• Positive Sentiment: PANW reached a new one-year high, signaling strong technical momentum and continued investor demand. Palo Alto Networks Reaches New 1-Year High
• Neutral Sentiment: Reported short-interest data showed zero shares and a zero-day short-interest ratio, but the stated percentage change was “NaN,” making the data unreliable and providing little meaningful insight into bearish positioning.
• Negative Sentiment: The stock’s very elevated valuation—about 315 times earnings—leaves PANW vulnerable to profit-taking if growth, guidance, or cybersecurity-sector enthusiasm slows.

Insiders Place Their Bets

In other news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the transaction, the executive vice president owned 145,250 shares in the company, valued at approximately $42,058,590. The trade was a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 900 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total value of $310,500.00. Following the transaction, the chief accounting officer directly owned 79,644 shares in the company, valued at $27,477,180. The trade was a 1.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 101,239 shares of company stock valued at $27,174,360 over the last quarter. 1.40% of the stock is owned by insiders.

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.