Palo Alto Networks, Inc. $PANW Shares Sold by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC lessened its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,242 shares of the network technology company’s stock after selling 56 shares during the period. Sagespring Wealth Partners LLC’s holdings in Palo Alto Networks were worth $1,482,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in Palo Alto Networks during the 1st quarter worth approximately $810,047,000. Kingstone Capital Partners Texas LLC acquired a new position in Palo Alto Networks during the 2nd quarter worth approximately $633,068,000. Goldman Sachs Group Inc. increased 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 purchasing an additional 2,134,735 shares during the period. Price T Rowe Associates Inc. MD increased its position in 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 period. Finally, Vanguard Group Inc. increased its position in Palo Alto Networks by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company’s stock worth $10,712,019,000 after purchasing an additional 1,541,637 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the stock in a transaction 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 of the company’s stock, valued at $31,616,344.80. This represents a 44.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $202.16, for a total value of $141,512.00. Following the transaction, the chief accounting officer directly owned 32,474 shares in the company, valued at approximately $6,564,943.84. This represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,315,130 shares of company stock worth $260,687,367 in the last quarter. Insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on PANW. Royal Bank Of Canada reiterated an “outperform” rating and set a $232.00 target price on shares of Palo Alto Networks in a research report on Tuesday, August 19th. KeyCorp cut Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 31st. Rosenblatt Securities lowered their price target on Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, August 14th. Guggenheim upped their price target on Palo Alto Networks from $130.00 to $135.00 and gave the stock a “sell” rating in a report on Tuesday, August 19th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Palo Alto Networks in a report on Wednesday, October 8th. Twenty-nine investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Palo Alto Networks has an average rating of “Moderate Buy” and a consensus target price of $216.00.

Palo Alto Networks Stock Performance

PANW stock opened at $207.56 on Wednesday. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $217.94. The stock’s 50 day moving average price is $194.56 and its 200 day moving average price is $189.68. The firm has a market cap of $138.84 billion, a P/E ratio of 129.32, a PEG ratio of 5.07 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the company earned $0.75 EPS. Palo Alto Networks’s revenue was up 15.8% on a year-over-year basis. 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, research analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Palo Alto Networks Company 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.