Worth Asset Management LLC Sells 2,030 Shares of Palo Alto Networks, Inc. $PANW

Worth Asset Management LLC trimmed its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 30.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,729 shares of the network technology company’s stock after selling 2,030 shares during the period. Worth Asset Management LLC’s holdings in Palo Alto Networks were worth $1,879,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Palo Alto Networks in the 2nd quarter valued at approximately $25,833,462,000. State Street Corp boosted its position in Palo Alto Networks by 4.2% during the 2nd quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock worth $12,610,748,000 after acquiring an additional 1,493,179 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Palo Alto Networks by 0.9% during the 2nd quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock worth $7,734,973,000 after acquiring an additional 205,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Palo Alto Networks by 8.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company’s stock valued at $2,993,802,000 after purchasing an additional 706,003 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of Palo Alto Networks in the second quarter valued at approximately $1,968,304,000. 79.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Palo Alto Networks news, CAO Josh D. Paul sold 400 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $395.70, for a total value of $158,280.00. Following the sale, the chief accounting officer owned 77,987 shares in the company, valued at $30,859,455.90. This represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Key sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $376.03, for a total value of $940,075.00. Following the completion of the sale, the director directly owned 10,000 shares of the company’s stock, valued at approximately $3,760,300. The trade was a 20.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 53,960 shares of company stock worth $20,719,959 in the last three months. Insiders own 1.40% of the company’s stock.

Key Stories Impacting Palo Alto Networks

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

• Positive Sentiment: Cybersecurity shares benefited from renewed confidence in AI-related security spending. Zscaler reaffirmed its earnings outlook, while CrowdStrike’s AI-agent security initiative with Amazon Web Services and NVIDIA helped lift the broader group, including Palo Alto Networks. Palo Alto Networks Stock Reaches New Highs: What’s Happening?
• Positive Sentiment: Analyst sentiment remains favorable, with 38 analysts carrying Buy ratings and 12 issuing Hold ratings. The consensus rating is “Moderate Buy,” reflecting expectations that AI-driven threats will support demand for PANW’s network, cloud and security-operations platforms. Palo Alto Networks Stock Rated Moderate Buy by Sell-Side Brokerages
• Neutral Sentiment: A long-term performance review highlights Palo Alto Networks’ transformation from a firewall provider into a broader AI security platform. However, the article is backward-looking and does not provide a new earnings or guidance catalyst. A $1,000 Bet on Palo Alto Networks Beat the S&P 500 by More Than 5x Over Ten Years
• Negative Sentiment: Valuation is the main pressure point. PANW trades at an extremely elevated earnings multiple after rising roughly 125% this year, and its consensus price target of $391.32 is below recent trading levels. That creates room for profit-taking even while analysts remain bullish on fundamentals. Is Palo Alto Networks a Good Stock To Buy This Year?
• Negative Sentiment: Chief Accounting Officer Josh Paul sold 400 shares for approximately $158,280. The transaction reduced his holdings by only 0.51%, so it is a modest signal, but insider selling can add to caution near all-time highs. Insider Selling: Palo Alto Networks CAO Sells Stock

Palo Alto Networks Stock Performance

NASDAQ PANW traded down $12.61 on Wednesday, hitting $407.30. 1,648,906 shares of the stock were exchanged, compared to its average volume of 8,276,939. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87. The business’s fifty day moving average is $365.86 and its 200 day moving average is $289.05. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $432.33. The company has a market capitalization of $333.17 billion, a PE ratio of 799.50, a P/E/G ratio of 11.71 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. The company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The company’s quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. Research analysts anticipate that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PANW shares. Benchmark boosted their price objective on shares of Palo Alto Networks from $340.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Citigroup cut shares of Palo Alto Networks from a “buy” rating to a “neutral” rating in a research report on Monday, September 7th. TD Cowen restated a “buy” rating and set a $440.00 price objective (up from $400.00) on shares of Palo Alto Networks in a research note on Friday, October 2nd. William Blair restated an “outperform” rating on shares of Palo Alto Networks in a report on Tuesday, June 16th. Finally, Mizuho set a $415.00 target price on Palo Alto Networks and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Thirty-eight analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $391.32.

Palo Alto Networks Profile

Palo Alto Networks, Inc is a cybersecurity company that provides solutions designed to help organizations protect networks, endpoints, cloud environments, applications and users from cyber threats. Its offerings include next-generation firewalls, cloud-delivered security services, secure access service edge (SASE) solutions, endpoint protection and security operations tools.

The company also provides platforms and services for cloud security, threat intelligence, incident response, vulnerability management and the automation of security operations.