Vivid Wealth Management LLC Sells 382 Shares of Palo Alto Networks, Inc. $PANW

Vivid Wealth Management LLC decreased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 2.6% during the 2nd quarter, Holdings Channel reports. The fund owned 14,310 shares of the network technology company’s stock after selling 382 shares during the quarter. Palo Alto Networks accounts for about 1.3% of Vivid Wealth Management LLC’s investment portfolio, making the stock its 25th biggest holding. Vivid Wealth Management LLC’s holdings in Palo Alto Networks were worth $2,928,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Galvin Gaustad & Stein LLC boosted its stake in Palo Alto Networks by 36.5% during the 2nd quarter. Galvin Gaustad & Stein LLC now owns 4,302 shares of the network technology company’s stock worth $880,000 after acquiring an additional 1,150 shares during the last quarter. M1 Capital Management LLC boosted its stake in Palo Alto Networks by 9.3% during the 2nd quarter. M1 Capital Management LLC now owns 1,354 shares of the network technology company’s stock worth $277,000 after acquiring an additional 115 shares during the last quarter. Pinion Investment Advisors LLC bought a new position in Palo Alto Networks during the 2nd quarter worth approximately $210,000. Triodos Investment Management BV boosted its stake in Palo Alto Networks by 0.3% during the 2nd quarter. Triodos Investment Management BV now owns 221,500 shares of the network technology company’s stock worth $45,308,000 after acquiring an additional 700 shares during the last quarter. Finally, KRS Capital Management LLC boosted its stake in Palo Alto Networks by 0.5% during the 2nd quarter. KRS Capital Management LLC now owns 16,910 shares of the network technology company’s stock worth $3,460,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Analysts Set New Price Targets

PANW has been the topic of several recent analyst reports. DA Davidson reissued a “buy” rating and set a $215.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Scotiabank lifted their price target on shares of Palo Alto Networks from $225.00 to $228.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $232.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Morgan Stanley lifted their price target on shares of Palo Alto Networks from $210.00 to $216.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Finally, Stephens reaffirmed an “equal weight” rating and issued a $205.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Twenty-eight analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $214.95.

Insiders Place Their Bets

In other news, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total value of $1,020,950.00. Following the sale, the executive vice president owned 96,135 shares of the company’s stock, valued at $19,629,805.65. The trade was a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 700 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $202.16, for a total transaction of $141,512.00. Following the transaction, the chief accounting officer owned 32,474 shares in the company, valued at approximately $6,564,943.84. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,315,130 shares of company stock valued at $260,687,367 over the last 90 days. 2.50% of the stock is currently owned by company insiders.

Palo Alto Networks Stock Down 1.2%

Shares of PANW stock opened at $215.17 on Friday. The company’s fifty day simple moving average is $192.23 and its 200-day simple moving average is $189.02. The firm has a market cap of $143.93 billion, a PE ratio of 134.06, a P/E/G ratio of 5.18 and a beta of 0.98. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $217.94.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. On average, equities analysts predict 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.