Weatherly Asset Management L. P. Sells 830 Shares of Palo Alto Networks, Inc. $PANW

Weatherly Asset Management L. P. decreased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,252 shares of the network technology company’s stock after selling 830 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Palo Alto Networks were worth $6,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Nuveen LLC purchased a new position in Palo Alto Networks in the first quarter worth about $810,047,000. Kingstone Capital Partners Texas LLC purchased a new stake in Palo Alto Networks during the 2nd quarter worth approximately $633,068,000. GAMMA Investing LLC boosted its holdings in shares of Palo Alto Networks by 18,802.8% in the 1st quarter. GAMMA Investing LLC now owns 2,410,290 shares of the network technology company’s stock valued at $411,292,000 after buying an additional 2,397,539 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Palo Alto Networks by 41.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company’s stock worth $1,234,650,000 after buying an additional 2,134,735 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Palo Alto Networks by 77.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company’s stock worth $662,000,000 after purchasing an additional 1,688,432 shares during the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PANW shares. Stephens reiterated an “equal weight” rating and issued a $205.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Guggenheim boosted their price target on Palo Alto Networks from $130.00 to $135.00 and gave the company a “sell” rating in a research note on Tuesday, August 19th. Wedbush restated an “outperform” rating and set a $225.00 target price on shares of Palo Alto Networks in a research report on Monday, September 15th. UBS Group set a $185.00 price target on Palo Alto Networks and gave the stock a “neutral” rating in a research note on Tuesday, August 12th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $223.00 price target on shares of Palo Alto Networks in a report on Friday, August 15th. Twenty-nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $212.39.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $208.19 on Friday. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $210.39. The firm has a market capitalization of $139.26 billion, a PE ratio of 129.71, a price-to-earnings-growth ratio of 4.90 and a beta of 0.98. The company has a 50-day simple moving average of $188.60 and a 200-day simple moving average of $186.52.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping 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 company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Equities analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $184.20, for a total value of $128,940.00. Following the completion of the transaction, the chief accounting officer owned 37,723 shares in the company, valued at $6,948,576.60. This represents a 1.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nir Zuk sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $198.66, for a total value of $19,866,000.00. Following the transaction, the executive vice president directly owned 3,243,516 shares in the company, valued at approximately $644,356,888.56. This represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 568,622 shares of company stock valued at $106,468,778. 2.50% of the stock is owned by company insiders.

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.