Palo Alto Networks, Inc. $PANW Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 10.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,607 shares of the network technology company’s stock after selling 16,606 shares during the period. Segall Bryant & Hamill LLC’s holdings in Palo Alto Networks were worth $29,852,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Palo Alto Networks by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 65,269,963 shares of the network technology company’s stock worth $13,290,270,000 after buying an additional 1,253,589 shares during the last quarter. Geode Capital Management LLC increased its holdings in Palo Alto Networks by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 15,174,029 shares of the network technology company’s stock valued at $3,093,262,000 after acquiring an additional 169,055 shares in the last quarter. First Trust Advisors LP raised its position in Palo Alto Networks by 7.7% during the second quarter. First Trust Advisors LP now owns 5,295,588 shares of the network technology company’s stock worth $1,083,689,000 after acquiring an additional 377,496 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Palo Alto Networks by 1.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,476,638 shares of the network technology company’s stock worth $916,099,000 after acquiring an additional 54,601 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Palo Alto Networks in the second quarter valued at about $675,865,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Palo Alto Networks Stock Up 0.8%

PANW stock opened at $150.15 on Tuesday. The company has a market cap of $122.52 billion, a price-to-earnings ratio of 82.96, a PEG ratio of 5.38 and a beta of 0.78. The business has a fifty day simple moving average of $173.81 and a 200-day simple moving average of $190.72. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $223.61.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, February 17th. The network technology company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.58 billion. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.650-3.700 EPS and its Q3 2026 guidance at 0.780-0.800 EPS. As a group, analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other news, Director James J. Goetz sold 12,500 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $195.33, for a total value of $2,441,625.00. Following the completion of the sale, the director owned 75,184 shares of the company’s stock, valued at $14,685,690.72. This represents a 14.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $188.18, for a total transaction of $940,900.00. Following the completion of the transaction, the executive vice president directly owned 155,119 shares in the company, valued at approximately $29,190,293.42. This represents a 3.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 259,842 shares of company stock worth $49,778,422 in the last quarter. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PANW. BTIG Research reissued a “buy” rating and set a $200.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, February 18th. Argus upgraded Palo Alto Networks to a “strong-buy” rating in a report on Friday, February 20th. HSBC cut their price target on Palo Alto Networks from $157.00 to $114.00 in a report on Thursday, February 19th. Morgan Stanley reaffirmed an “overweight” rating and set a $223.00 price objective (down from $245.00) on shares of Palo Alto Networks in a research note on Wednesday, February 18th. Finally, The Goldman Sachs Group dropped their price objective on Palo Alto Networks from $240.00 to $224.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and an average target price of $211.62.

Palo Alto Networks Company Profile

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.