Westpac Banking Corp Sells 3,585 Shares of Palo Alto Networks, Inc. $PANW

Posted by George Bondi on Jul 24th, 2026

Westpac Banking Corp reduced its stake in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 48.7% during the first quarter, Holdings Channel.com reports. The firm owned 3,771 shares of the network technology company’s stock after selling 3,585 shares during the period. Westpac Banking Corp’s holdings in Palo Alto Networks were worth $605,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PANW. Millennium Capital Advisors LLC boosted its stake in shares of Palo Alto Networks by 4.8% during the first quarter. Millennium Capital Advisors LLC now owns 2,287 shares of the network technology company’s stock valued at $367,000 after purchasing an additional 104 shares during the period. Fortis Capital Management LLC raised its holdings in Palo Alto Networks by 4.4% during the 1st quarter. Fortis Capital Management LLC now owns 41,743 shares of the network technology company’s stock valued at $6,692,000 after buying an additional 1,774 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings in Palo Alto Networks by 564.3% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 232,499 shares of the network technology company’s stock valued at $37,274,000 after buying an additional 197,499 shares during the last quarter. Himension Capital Singapore PTE. LTD. purchased a new stake in Palo Alto Networks during the 1st quarter valued at $158,000. Finally, Temasek Holdings Private Ltd purchased a new stake in Palo Alto Networks during the 1st quarter valued at $74,407,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Price Performance

PANW stock opened at $325.63 on Friday. The firm has a 50 day moving average price of $299.17 and a 200-day moving average price of $216.83. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $368.80. The firm has a market capitalization of $265.39 billion, a price-to-earnings ratio of 266.91, a PEG ratio of 12.45 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last issued its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. 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 research analysts forecast that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PANW. Wolfe Research restated an “outperform” rating and issued a $320.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Morgan Stanley reissued an “overweight” rating and issued a $387.00 target price (up from $320.00) on shares of Palo Alto Networks in a research note on Tuesday. Needham & Company LLC boosted their price target on Palo Alto Networks from $350.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Rosenblatt Securities upped their price target on Palo Alto Networks from $275.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $345.00 price objective (up from $265.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $331.48.

Check Out Our Latest Analysis on PANW

Insiders Place Their Bets

In other news, CAO Josh D. Paul sold 900 shares of Palo Alto Networks stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total value of $310,500.00. Following the completion of the transaction, the chief accounting officer owned 79,644 shares of the company’s stock, valued at $27,477,180. The trade was a 1.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Aparna Bawa sold 290 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $348.74, for a total transaction of $101,134.60. Following the completion of the transaction, the director owned 6,437 shares in the company, valued at approximately $2,244,839.38. The trade was a 4.31% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 101,239 shares of company stock valued at $27,174,360. Company insiders own 1.40% of the company’s stock.

Palo Alto Networks Company 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.