4,155 Palo Alto Networks, Inc. $PANW Shares Sold by Goelzer Investment Management Inc.

Posted by Francis Steltz on Oct 17th, 2026

Goelzer Investment Management Inc. cut its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 13.7% in the 3rd quarter, Holdings Channel reports. The fund owned 26,098 shares of the network technology company’s stock after selling 4,155 shares during the period. Goelzer Investment Management Inc.’s holdings in Palo Alto Networks were worth $10,369,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PANW. BlackRock Inc. acquired a new stake in shares of Palo Alto Networks during the second quarter worth approximately $25,833,462,000. State Street Corp raised its holdings in Palo Alto Networks by 4.2% in the second quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock valued at $12,610,748,000 after acquiring an additional 1,493,179 shares in the last quarter. Bank of America Corp DE raised its holdings in Palo Alto Networks by 0.9% in the second quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock valued at $7,734,973,000 after acquiring an additional 205,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Palo Alto Networks by 8.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company’s stock valued at $2,993,802,000 after acquiring an additional 706,003 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Palo Alto Networks by 4.4% during the 1st quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company’s stock valued at $1,036,648,000 after acquiring an additional 273,103 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Rosenblatt Securities raised their price objective on shares of Palo Alto Networks from $355.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. BMO Capital Markets reissued an “outperform” rating and issued a $415.00 target price (up from $335.00) on shares of Palo Alto Networks in a research report on Thursday, August 20th. Benchmark upped their target price on shares of Palo Alto Networks from $340.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Roth Capital reaffirmed a “neutral” rating and set a $300.00 price target (up from $210.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Finally, New Street Research set a $415.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $393.02.

View Our Latest Report on PANW

Insider Buying and Selling

In other news, Director John P. Key sold 2,500 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $376.03, for a total value of $940,075.00. Following the transaction, the director directly owned 10,000 shares in the company, valued at approximately $3,760,300. This trade represents a 20.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Aparna Bawa sold 1,000 shares of Palo Alto Networks stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $373.61, for a total transaction of $373,610.00. Following the completion of the transaction, the director directly owned 5,437 shares of the company’s stock, valued at $2,031,317.57. This trade represents a 15.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 54,210 shares of company stock worth $20,823,029. Company insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Performance

PANW stock opened at $342.00 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. The firm has a market cap of $279.76 billion, a P/E ratio of 179.74, a P/E/G ratio of 10.66 and a beta of 0.93. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $432.33. The stock’s 50 day simple moving average is $372.66 and its 200 day simple moving average is $301.02.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last released its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The firm’s revenue was up 34.5% on a year-over-year basis. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. As a group, equities research analysts predict that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Palo Alto Networks Profile

(Free Report)

Palo Alto Networks, Inc is a cybersecurity company that provides solutions designed to help organizations protect networks, endpoints, cloud environments, applications and users from cyber threats. Its offerings include next-generation firewalls, cloud-delivered security services, secure access service edge (SASE) solutions, endpoint protection and security operations tools.

The company also provides platforms and services for cloud security, threat intelligence, incident response, vulnerability management and the automation of security operations.