HighTower Advisors LLC Sells 73,086 Shares of Palo Alto Networks, Inc. $PANW

Posted by Brenda Bartman on Sep 7th, 2026

HighTower Advisors LLC cut its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 8.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 803,974 shares of the network technology company’s stock after selling 73,086 shares during the quarter. HighTower Advisors LLC’s holdings in Palo Alto Networks were worth $274,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Solstein Capital LLC bought a new stake in Palo Alto Networks during the second quarter worth about $26,000. N.E.W. Advisory Services LLC bought a new stake in Palo Alto Networks in the 2nd quarter worth approximately $27,000. Delos Wealth Advisors LLC bought a new stake in Palo Alto Networks in the 2nd quarter worth approximately $28,000. EMC Capital Management purchased a new stake in Palo Alto Networks in the second quarter worth approximately $34,000. Finally, TOP Private Wealth LLC. bought a new position in Palo Alto Networks during the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling at Palo Alto Networks

In other 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 value 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 ownership of the stock. The sale was disclosed in a filing 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 of the company’s stock, valued at approximately $2,244,839.38. This trade represents a 4.31% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 38,635 shares of company stock valued at $11,150,578. 1.40% of the stock is currently owned by corporate insiders.

Palo Alto Networks News Summary

Here are the key news stories impacting Palo Alto Networks this week:

Positive Sentiment: Technical and earnings support: A bullish hammer chart pattern suggests potential near-term support after the recent pullback. Rising earnings estimates and the company’s fiscal fourth-quarter beat—$1.02 in adjusted EPS versus $0.98 expected, with revenue up 34.5% to $3.41 billion—also support the possibility of a rebound. Palo Alto Could Find a Support Soon
Positive Sentiment: Analyst optimism: DA Davidson raised its price target to $420, while Susquehanna and BTIG lifted targets to $415 and $404, respectively. Cantor Fitzgerald reiterated an overweight rating, adding to a generally bullish Wall Street view. DA Davidson Raises Price Target
Positive Sentiment: Long-term AI opportunity: Analysts and commentary continue to highlight Palo Alto Networks’ expanding cybersecurity platform and products designed to protect enterprises from AI-related threats. The company’s strong growth profile has helped sustain investor interest despite recent volatility. Palo Alto Networks AI Cybersecurity Growth
Neutral Sentiment: Sector pressure is limiting momentum: Zscaler’s softer fiscal 2027 growth outlook overshadowed its earnings beat and weighed on cybersecurity peers. Palo Alto Networks has been more resilient than some competitors, but sector-wide concerns remain. Zscaler Growth Guidance Pressures Cybersecurity Stocks
Neutral Sentiment: AI acquisition: Palo Alto Networks reportedly paid about $500 million in cash and stock for Console, an AI help-desk automation startup. The deal could broaden its AI capabilities, although integration and valuation risks may limit its immediate stock impact. Palo Alto Networks Console Acquisition
Negative Sentiment: Premium valuation and insider sale: PANW’s very high valuation leaves little room for disappointment, while Chief Accounting Officer Josh Paul’s sale of 900 shares worth approximately $336,000 adds a minor cautionary signal. However, the sale reduced his holdings by only 1.23%, limiting its significance.

Analysts Set New Price Targets

PANW has been the topic of a number of analyst reports. BTIG Research lifted their target price on shares of Palo Alto Networks from $380.00 to $404.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Stephens set a $400.00 price target on Palo Alto Networks in a research note on Wednesday. DA Davidson upped their price objective on shares of Palo Alto Networks from $345.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Capital One Financial set a $421.00 price objective on shares of Palo Alto Networks and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, William Blair reiterated an “outperform” rating on shares of Palo Alto Networks in a report on Tuesday, June 16th. Forty research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $385.67.

Check Out Our Latest Stock Report on Palo Alto Networks

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $333.26 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.86. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $398.88. The business has a 50 day simple moving average of $350.18 and a two-hundred day simple moving average of $255.44. The stock has a market capitalization of $271.61 billion, a PE ratio of 653.46, a P/E/G ratio of 9.62 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last announced its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.04. The business had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The business’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 earnings per share. 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. On average, research analysts predict that Palo Alto Networks, Inc. will post 2.3 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.