RFG Advisory LLC Sells 8,738 Shares of Palo Alto Networks, Inc. $PANW

Posted by Francis Steltz on Jun 27th, 2026

RFG Advisory LLC cut its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 43.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,334 shares of the network technology company’s stock after selling 8,738 shares during the period. RFG Advisory LLC’s holdings in Palo Alto Networks were worth $1,817,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Darwin Wealth Management LLC bought a new stake in shares of Palo Alto Networks during the second quarter worth about $25,000. Knuff & Co LLC acquired a new position in shares of Palo Alto Networks in the fourth quarter valued at approximately $26,000. Steph & Co. raised its holdings in Palo Alto Networks by 88.2% in the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock valued at $26,000 after buying an additional 67 shares during the last quarter. Sittner & Nelson LLC raised its holdings in Palo Alto Networks by 73.8% in the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after buying an additional 62 shares during the last quarter. Finally, Winch Advisory Services LLC boosted its position in Palo Alto Networks by 96.1% during the 3rd quarter. Winch Advisory Services LLC now owns 149 shares of the network technology company’s stock worth $30,000 after buying an additional 73 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PANW has been the subject of several recent research reports. Northland Securities upped their price target on shares of Palo Alto Networks from $190.00 to $302.00 and gave the company a “market perform” rating in a research report on Wednesday, June 3rd. The Goldman Sachs Group reiterated a “buy” rating and set a $330.00 price target on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Citigroup reissued a “market outperform” rating on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Loop Capital raised their target price on Palo Alto Networks from $160.00 to $290.00 and gave the stock a “hold” rating in a research report on Wednesday, June 3rd. Finally, Truist Financial lifted their target price on Palo Alto Networks from $275.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Palo Alto Networks presently has an average rating of “Moderate Buy” and a consensus target price of $306.59.

View Our Latest Stock Report on PANW

Insider Activity

In related news, Director James J. Goetz sold 20,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the sale, the director owned 20,000 shares in the company, valued at $5,598,000. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aparna Bawa sold 345 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $290.17, for a total value of $100,108.65. Following the sale, the director directly owned 7,359 shares of the company’s stock, valued at $2,135,361.03. This represents a 4.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 106,389 shares of company stock worth $27,570,630. 1.40% of the stock is owned by insiders.

Palo Alto Networks Trading Up 3.8%

NASDAQ:PANW opened at $304.20 on Friday. The firm’s fifty day moving average is $241.22 and its 200-day moving average is $196.11. 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, Inc. has a 52 week low of $139.57 and a 52 week high of $306.24. The firm has a market cap of $247.92 billion, a P/E ratio of 249.34, a P/E/G ratio of 10.88 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last announced its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. Palo Alto Networks’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 earnings per share. 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 analysts expect that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current 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.