Palo Alto Networks, Inc. $PANW Shares Sold by Gradient Investments LLC

Gradient Investments LLC lowered its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,216 shares of the network technology company’s stock after selling 4,165 shares during the quarter. Palo Alto Networks accounts for approximately 0.8% of Gradient Investments LLC’s holdings, making the stock its 29th biggest holding. Gradient Investments LLC’s holdings in Palo Alto Networks were worth $59,752,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Palo Alto Networks by 233.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,539 shares of the network technology company’s stock worth $525,000 after buying an additional 1,077 shares in the last quarter. Foresight Capital Management Advisors Inc. acquired a new stake in Palo Alto Networks in the 2nd quarter valued at about $202,000. Trust Point Inc. increased its holdings in Palo Alto Networks by 2.3% during the 2nd quarter. Trust Point Inc. now owns 3,519 shares of the network technology company’s stock valued at $1,200,000 after acquiring an additional 78 shares in the last quarter. Strategic Investment Solutions Inc. IL increased its holdings in Palo Alto Networks by 97.3% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 1,014 shares of the network technology company’s stock valued at $346,000 after acquiring an additional 500 shares in the last quarter. Finally, First Heartland Consultants Inc. raised its position in Palo Alto Networks by 6.2% during the second quarter. First Heartland Consultants Inc. now owns 1,941 shares of the network technology company’s stock worth $662,000 after acquiring an additional 113 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the completion of the transaction, the executive vice president directly owned 145,250 shares in the company, valued at approximately $42,058,590. The trade was a 3.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James J. Goetz sold 20,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.90, for a total value of $5,598,000.00. Following the completion of the transaction, the director owned 20,000 shares of the company’s stock, valued at $5,598,000. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 101,239 shares of company stock worth $27,174,360 in the last three months. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PANW. TD Cowen reaffirmed a “buy” rating on shares of Palo Alto Networks in a report on Thursday. Mizuho raised their price objective on shares of Palo Alto Networks from $265.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Truist Financial lifted their price objective on Palo Alto Networks from $275.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $387.00 target price (up from $320.00) on shares of Palo Alto Networks in a research note on Tuesday, July 21st. Finally, UBS Group set a $300.00 target price on Palo Alto Networks and gave the company a “neutral” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $333.76.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $363.86 on Friday. The stock has a market capitalization of $296.55 billion, a P/E ratio of 298.25, a P/E/G ratio of 12.06 and a beta of 0.91. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $376.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The firm’s 50-day moving average is $317.88 and its two-hundred day moving average is $228.20.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. The business had revenue of $3 billion during the quarter, compared to analyst estimates 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 was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $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 predict that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Palo Alto Networks Profile

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.