Occidental Asset Management LLC Makes New Investment in Palo Alto Networks, Inc. $PANW

Posted by Brian Himes on Aug 18th, 2026

Occidental Asset Management LLC acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,301 shares of the network technology company’s stock, valued at approximately $1,126,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Palo Alto Networks by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock valued at $12,512,533,000 after acquiring an additional 2,659,100 shares in the last quarter. State Street Corp increased its holdings in Palo Alto Networks by 2.0% during the 4th quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock worth $5,587,100,000 after purchasing an additional 594,789 shares during the period. Bank of America Corp DE increased its holdings in Palo Alto Networks by 16.0% during the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock worth $3,603,473,000 after purchasing an additional 3,101,267 shares during the period. Geode Capital Management LLC raised its position in Palo Alto Networks by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock valued at $2,934,935,000 after purchasing an additional 540,756 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Palo Alto Networks in the 4th quarter valued at about $1,415,364,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PANW has been the subject of a number of analyst reports. Wedbush boosted their price objective on Palo Alto Networks from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Citizens Jmp lifted their price target on shares of Palo Alto Networks from $320.00 to $415.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 12th. Truist Financial boosted their price target on shares of Palo Alto Networks from $275.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Stifel Nicolaus set a $340.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $434.00 price objective (up from $330.00) on shares of Palo Alto Networks in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $342.61.

Read Our Latest Stock Report on PANW

Insider Buying and Selling

In other Palo Alto Networks news, CAO Josh D. Paul sold 1,100 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $285.08, for a total transaction of $313,588.00. Following the transaction, the chief accounting officer owned 81,636 shares of the company’s stock, valued at approximately $23,272,790.88. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.90, for a total value of $5,598,000.00. Following the sale, the director owned 20,000 shares in the company, valued at $5,598,000. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 101,239 shares of company stock valued at $27,174,360 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Down 2.2%

Shares of NASDAQ:PANW opened at $375.76 on Tuesday. The company has a market capitalization of $306.24 billion, a PE ratio of 308.00, a P/E/G ratio of 12.89 and a beta of 0.91. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $398.88. The firm has a 50 day simple moving average of $330.20 and a 200-day simple moving average of $237.05.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last issued its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.06. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the business 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. On average, equities analysts predict that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

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.