Montz Harcus Wealth Management LLC Has $212,000 Holdings in Palo Alto Networks, Inc. $PANW

Montz Harcus Wealth Management LLC reduced its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 28.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,038 shares of the network technology company’s stock after selling 408 shares during the period. Montz Harcus Wealth Management LLC’s holdings in Palo Alto Networks were worth $212,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Palo Alto Networks during the 1st quarter valued at about $810,047,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Palo Alto Networks during the 2nd quarter valued at about $633,068,000. Goldman Sachs Group Inc. increased its holdings in shares of Palo Alto Networks by 41.9% during 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 acquiring an additional 2,134,735 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Palo Alto Networks by 77.1% during 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 acquiring an additional 1,688,432 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Palo Alto Networks by 2.5% during 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 acquiring an additional 1,541,637 shares during the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Trading Down 1.0%

Shares of PANW stock opened at $207.19 on Friday. The stock has a 50 day moving average of $190.20 and a two-hundred day moving average of $188.20. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $212.10. The company has a market capitalization of $138.59 billion, a P/E ratio of 129.09, a P/E/G ratio of 4.98 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company earned $0.75 EPS. The company’s quarterly revenue was up 15.8% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Sell-side analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PANW has been the topic of a number of analyst reports. BMO Capital Markets increased their price objective on Palo Alto Networks from $217.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, August 19th. Royal Bank Of Canada reissued an “outperform” rating and set a $232.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Tigress Financial started coverage on Palo Alto Networks in a report on Friday, September 26th. They issued a “buy” rating and a $245.00 target price on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $223.00 target price on shares of Palo Alto Networks in a report on Friday, August 15th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of Palo Alto Networks in a report on Tuesday, August 19th. Thirty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and an average target price of $214.64.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $171.58, for a total transaction of $20,722,402.92. Following the completion of the transaction, the executive vice president owned 206,718 shares in the company, valued at $35,468,674.44. This trade represents a 36.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total value of $1,020,950.00. Following the transaction, the executive vice president owned 96,135 shares of the company’s stock, valued at $19,629,805.65. This trade represents a 4.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,315,130 shares of company stock worth $259,351,606 over the last three months. 2.50% of the stock is currently owned by insiders.

Palo Alto Networks Company 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.