Palo Alto Networks, Inc. $PANW Shares Sold by Grant Private Wealth Management Inc

Grant Private Wealth Management Inc lowered its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 54.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,996 shares of the network technology company’s stock after selling 4,757 shares during the period. Grant Private Wealth Management Inc’s holdings in Palo Alto Networks were worth $1,363,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Brighton Jones LLC grew its stake in shares of 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 worth $1,230,000 after purchasing an additional 4,031 shares during the period. Bison Wealth LLC increased its holdings in shares of Palo Alto Networks by 169.1% during the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock valued at $948,000 after purchasing an additional 3,275 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Palo Alto Networks by 66.3% during the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock worth $713,000 after buying an additional 1,389 shares in the last quarter. Osterweis Capital Management Inc. grew its position in Palo Alto Networks by 11,100.0% during the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company’s stock valued at $115,000 after buying an additional 555 shares during the period. Finally, Main Street Financial Solutions LLC grew its position in Palo Alto Networks by 6.0% during the second quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company’s stock valued at $900,000 after buying an additional 249 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the sale, the executive vice president directly owned 145,250 shares of the company’s stock, valued at $42,058,590. The trade was a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Josh D. Paul sold 1,100 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $285.08, for a total value of $313,588.00. Following the completion of the transaction, the chief accounting officer directly owned 81,636 shares of the company’s stock, valued at approximately $23,272,790.88. This represents a 1.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 101,239 shares of company stock valued at $27,174,360. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Sanford C. Bernstein upped their price objective on shares of Palo Alto Networks from $209.00 to $253.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Scotiabank restated a “sector outperform” rating and set a $320.00 target price (up from $180.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft raised their target price on Palo Alto Networks from $220.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Capital One Financial set a $421.00 price target on Palo Alto Networks and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Benchmark increased their price target on Palo Alto Networks from $270.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Palo Alto Networks has a consensus rating of “Moderate Buy” and an average target price of $332.57.

Palo Alto Networks Stock Up 5.5%

Shares of NASDAQ PANW opened at $366.34 on Wednesday. The firm has a market cap of $298.57 billion, a price-to-earnings ratio of 300.28, a price-to-earnings-growth ratio of 11.67 and a beta of 0.91. The company’s 50-day simple moving average is $311.92 and its 200-day simple moving average is $224.81. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $368.80.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the company posted $0.37 EPS. Palo Alto Networks’s quarterly revenue was up 31.1% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. Equities analysts predict that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Palo Alto Networks 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.