Means Investment CO. Inc. Decreases Holdings in Palo Alto Networks, Inc. $PANW

Means Investment CO. Inc. reduced its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 5,740 shares of the network technology company’s stock after selling 70 shares during the quarter. Means Investment CO. Inc.’s holdings in Palo Alto Networks were worth $1,175,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. HWG Holdings LP acquired a new position in Palo Alto Networks in the first quarter valued at approximately $31,000. Dagco Inc. purchased a new stake in shares of Palo Alto Networks during the 1st quarter worth approximately $33,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Palo Alto Networks in the 2nd quarter valued at $41,000. WPG Advisers LLC acquired a new position in shares of Palo Alto Networks in the 1st quarter valued at $37,000. Finally, Strategic Investment Solutions Inc. IL grew its position in shares of Palo Alto Networks by 58.9% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock valued at $38,000 after buying an additional 83 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PANW shares. Barclays reissued an “overweight” rating and issued a $215.00 price target (up from $210.00) on shares of Palo Alto Networks in a research report on Tuesday, August 19th. BMO Capital Markets upped their target price on Palo Alto Networks from $217.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, August 19th. DA Davidson restated a “buy” rating and set a $215.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. JMP Securities reiterated a “market outperform” rating and issued a $212.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Morgan Stanley increased their price objective on Palo Alto Networks from $210.00 to $216.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Twenty-eight investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $214.95.

Palo Alto Networks Trading Down 3.1%

NASDAQ:PANW opened at $208.55 on Friday. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $217.94. The stock’s 50 day simple moving average is $192.94 and its 200-day simple moving average is $189.17. The firm has a market cap of $139.50 billion, a P/E ratio of 129.94, a PEG ratio of 4.96 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The firm 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%. Palo Alto Networks’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the firm posted $0.75 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Research analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the transaction, the executive vice president owned 149,190 shares in the company, valued at approximately $31,616,344.80. The trade was a 44.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Nikesh Arora sold 846,408 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total value of $172,718,016.48. Following the transaction, the chief executive officer directly owned 275,013 shares of the company’s stock, valued at approximately $56,119,152.78. This trade represents a 75.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,315,130 shares of company stock valued at $260,687,367. Insiders own 2.50% of the company’s stock.

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.