GPS Wealth Strategies Group LLC Sells 51,179 Shares of Palo Alto Networks, Inc. $PANW

Posted by on May 23rd, 2026

GPS Wealth Strategies Group LLC trimmed its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 97.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,209 shares of the network technology company’s stock after selling 51,179 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Palo Alto Networks were worth $223,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Palo Alto Networks by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock valued at $12,512,533,000 after purchasing an additional 2,659,100 shares during the period. State Street Corp grew its stake in shares of Palo Alto Networks by 1.7% during the 3rd quarter. State Street Corp now owns 29,736,916 shares of the network technology company’s stock valued at $6,055,031,000 after purchasing an additional 505,924 shares during the period. Northern Trust Corp grew its stake in shares of Palo Alto Networks by 0.5% during the 3rd quarter. Northern Trust Corp now owns 7,528,248 shares of the network technology company’s stock valued at $1,532,902,000 after purchasing an additional 36,511 shares during the period. First Trust Advisors LP grew its stake in shares of Palo Alto Networks by 11.5% during the 3rd quarter. First Trust Advisors LP now owns 5,906,963 shares of the network technology company’s stock valued at $1,202,776,000 after purchasing an additional 611,375 shares during the period. Finally, Pictet Asset Management Holding SA grew its stake in shares of Palo Alto Networks by 7.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,356,617 shares of the network technology company’s stock valued at $802,691,000 after purchasing an additional 319,751 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Key Headlines Impacting Palo Alto Networks

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

  • Positive Sentiment: Wells Fargo raised its price target on PANW to $285 from $235 and kept an overweight rating, signaling further upside potential for the cybersecurity leader.
  • Positive Sentiment: Truist also boosted its price target ahead of results, reinforcing Wall Street’s improving view of Palo Alto Networks’ earnings and growth outlook. Palo Alto Networks (PANW) Gets Major Price Target Boost from Truist Ahead of Q1 Results
  • Positive Sentiment: Jefferies said customers at the company’s Ignite On Tour event showed strong interest in PANW’s AI security offerings, with acquisitions Portkey and Koi Security attracting attention and little resistance to recent firewall price increases.
  • Positive Sentiment: Investor commentary continued to highlight cybersecurity as a durable budget priority, with Palo Alto Networks added to Josh Brown’s “best stocks” list alongside other leading security names.
  • Neutral Sentiment: One article framed PANW’s strong year-to-date outperformance versus Palantir as a possible rebalancing candidate, but the piece was more about relative performance than a new company-specific catalyst. Palo Alto Networks Is Beating Palantir by 60% This Year. Is a Rebalancing Imminent?
  • Neutral Sentiment: Company insider selling by CAO Josh D. Paul was disclosed, though the 400-share sale was relatively small versus his remaining holdings and does not by itself signal a major shift in fundamentals.
  • Neutral Sentiment: Recent commentary also pointed to rising AI security demand for products like Prisma AIRS and XSIAM, supporting the long-term growth narrative rather than changing near-term results.

Analysts Set New Price Targets

A number of research firms have issued reports on PANW. Benchmark began coverage on Palo Alto Networks in a research note on Wednesday, April 1st. They set a “buy” rating and a $200.00 price target for the company. Guggenheim restated a “neutral” rating on shares of Palo Alto Networks in a research note on Wednesday, February 18th. New Street Research cut their price target on Palo Alto Networks from $240.00 to $220.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. BTIG Research lifted their price objective on Palo Alto Networks from $200.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Robert W. Baird lifted their price objective on Palo Alto Networks from $220.00 to $265.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $226.33.

Get Our Latest Analysis on Palo Alto Networks

Palo Alto Networks Trading Up 3.0%

NASDAQ PANW opened at $260.58 on Friday. The stock’s 50 day moving average is $183.29 and its 200 day moving average is $182.32. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $261.41. The stock has a market cap of $212.63 billion, a PE ratio of 143.97, a P/E/G ratio of 9.12 and a beta of 0.77.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The network technology company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the previous year, the firm earned $0.81 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. On average, analysts forecast that Palo Alto Networks, Inc. will post 2.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palo Alto Networks news, Director John P. Key sold 1,572 shares of Palo Alto Networks stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $173.32, for a total value of $272,459.04. Following the sale, the director owned 20,000 shares of the company’s stock, valued at $3,466,400. The trade was a 7.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Josh D. Paul sold 400 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $236.95, for a total value of $94,780.00. Following the completion of the sale, the chief accounting officer owned 82,736 shares of the company’s stock, valued at approximately $19,604,295.20. This represents a 0.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 30,756 shares of company stock worth $5,076,355. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Profile

(Free Report)

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.

Featured Articles

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Institutional Ownership by Quarter for Palo Alto Networks (NASDAQ:PANW)

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