Elk River Wealth Management LLC Sells 838 Shares of Palo Alto Networks, Inc. $PANW

Elk River Wealth Management LLC lessened its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,121 shares of the network technology company’s stock after selling 838 shares during the quarter. Palo Alto Networks comprises 1.8% of Elk River Wealth Management LLC’s portfolio, making the stock its 17th largest position. Elk River Wealth Management LLC’s holdings in Palo Alto Networks were worth $10,666,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in Palo Alto Networks by 147.7% during the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after purchasing an additional 4,031 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of Palo Alto Networks by 115.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 43,985 shares of the network technology company’s stock valued at $8,004,000 after purchasing an additional 23,586 shares in the last quarter. Bison Wealth LLC boosted its position in shares of Palo Alto Networks by 169.1% during the fourth 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 last quarter. State of Wyoming purchased a new stake in shares of Palo Alto Networks during the fourth quarter valued at $190,000. Finally, Williams Jones Wealth Management LLC. increased its holdings in Palo Alto Networks by 121.5% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 2,182 shares of the network technology company’s stock worth $397,000 after buying an additional 1,197 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Analyst Ratings Changes

PANW has been the subject of a number of research reports. Jefferies Financial Group set a $235.00 target price on shares of Palo Alto Networks in a research note on Tuesday, July 29th. Needham & Company LLC restated a “buy” rating and set a $230.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, September 3rd. New Street Research upped their price target on Palo Alto Networks from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Barclays reiterated an “overweight” rating and issued a $215.00 target price (up from $210.00) on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Finally, Sanford C. Bernstein set a $207.00 price target on shares of Palo Alto Networks and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Twenty-nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $212.39.

Insider Buying and Selling

In other news, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction on Friday, August 1st. The stock was sold at an average price of $172.80, for a total value of $17,280,000.00. Following the transaction, the executive vice president directly owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. This trade represents a 3.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $201.85, for a total value of $1,009,250.00. Following the sale, the executive vice president owned 101,135 shares of the company’s stock, valued at $20,414,099.75. This trade represents a 4.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 568,622 shares of company stock worth $106,468,778 in the last three months. Corporate insiders own 2.50% of the company’s stock.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $205.68 on Friday. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $210.39. The firm has a 50-day simple moving average of $188.19 and a two-hundred day simple moving average of $186.35. The company has a market cap of $137.58 billion, a P/E ratio of 128.15, a PEG ratio of 4.85 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results 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 the consensus estimate of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. 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, equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current 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.