Waldron Private Wealth LLC Lowers Stock Position in Palo Alto Networks, Inc. $PANW

Waldron Private Wealth LLC lessened its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,099 shares of the network technology company’s stock after selling 589 shares during the quarter. Waldron Private Wealth LLC’s holdings in Palo Alto Networks were worth $6,978,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in PANW. Nuveen LLC purchased a new stake in Palo Alto Networks in the 1st quarter valued at approximately $810,047,000. Kingstone Capital Partners Texas LLC purchased a new stake in Palo Alto Networks in the 2nd quarter valued at approximately $633,068,000. Goldman Sachs Group Inc. boosted its holdings in Palo Alto Networks by 41.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company’s stock valued at $1,234,650,000 after purchasing an additional 2,134,735 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Palo Alto Networks by 77.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company’s stock valued at $662,000,000 after purchasing an additional 1,688,432 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Palo Alto Networks by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company’s stock valued at $10,712,019,000 after purchasing an additional 1,541,637 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Price Performance

Shares of Palo Alto Networks stock opened at $217.11 on Friday. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $218.23. The company has a market capitalization of $145.22 billion, a P/E ratio of 135.27, a P/E/G ratio of 5.16 and a beta of 0.98. The business has a 50 day moving average price of $200.79 and a 200 day moving average price of $192.46.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 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 EPS. The company’s quarterly revenue 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. As a group, research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PANW. Scotiabank lifted their price objective on Palo Alto Networks from $225.00 to $228.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 19th. New Street Research boosted their price target on Palo Alto Networks from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Piper Sandler raised Palo Alto Networks from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $200.00 to $225.00 in a research note on Tuesday, August 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Palo Alto Networks in a research note on Saturday. Finally, Truist Financial set a $220.00 price target on Palo Alto Networks and gave the stock a “buy” rating in a research note on Tuesday, August 19th. Thirty analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Palo Alto Networks presently has an average rating of “Moderate Buy” and a consensus price target of $217.22.

Insider Activity

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