Palo Alto Networks, Inc. $PANW Shares Sold by CMH Wealth Management LLC

Key Points

• CMH Wealth Management LLC reduced its holdings in Palo Alto Networks (PANW) by 3.9%, selling 1,923 shares and maintaining a total of 47,915 shares valued at approximately $9.8 million.
• Palo Alto Networks reported a strong quarterly performance, with $0.95 EPS exceeding estimates and a 15.8% year-over-year revenue increase, reaching $2.54 billion.
• Wall Street analysts have a generally positive outlook on Palo Alto Networks, with 29 analysts rating it as a Buy and a consensus target price of $212.39.

CMH Wealth Management LLC trimmed its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 3.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,915 shares of the network technology company's stock after selling 1,923 shares during the period. Palo Alto Networks makes up approximately 2.3% of CMH Wealth Management LLC's holdings, making the stock its 13th biggest holding. CMH Wealth Management LLC's holdings in Palo Alto Networks were worth $9,805,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Marshall & Sullivan Inc. WA purchased a new stake in shares of Palo Alto Networks during the 2nd quarter worth approximately $41,000. Pinnacle Bancorp Inc. raised its holdings in shares of Palo Alto Networks by 7.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 2,427 shares of the network technology company's stock worth $497,000 after acquiring an additional 177 shares in the last quarter. Shelton Wealth Management LLC raised its holdings in shares of Palo Alto Networks by 99.1% during the 2nd quarter. Shelton Wealth Management LLC now owns 2,539 shares of the network technology company's stock worth $520,000 after acquiring an additional 1,264 shares in the last quarter. My Legacy Advisors LLC purchased a new stake in shares of Palo Alto Networks during the 2nd quarter worth approximately $346,000. Finally, AA Financial Advisors LLC purchased a new stake in shares of Palo Alto Networks during the 2nd quarter worth approximately $202,000. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Stock Performance

NASDAQ PANW traded down $3.72 during trading hours on Tuesday, reaching $204.46. The stock had a trading volume of 2,709,973 shares, compared to its average volume of 6,385,760. The stock has a fifty day moving average of $188.95 and a 200 day moving average of $186.78. The stock has a market cap of $136.76 billion, a P/E ratio of 127.45, a price-to-earnings-growth ratio of 4.96 and a beta of 0.98. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.Palo Alto Networks's revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, equities research analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. New Street Research upped their price objective on Palo Alto Networks from $235.00 to $240.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Sanford C. Bernstein set a $207.00 price target on Palo Alto Networks and gave the company an "outperform" rating in a report on Tuesday, August 19th. Stephens restated an "equal weight" rating and set a $205.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. Rosenblatt Securities decreased their price target on Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday, August 14th. Finally, Truist Financial set a $220.00 price target on Palo Alto Networks and gave the company a "buy" rating in a report on Tuesday, August 19th. Twenty-nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $212.39.

Insider Activity at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the completion of the transaction, the executive vice president directly owned 177,954 shares in the company, valued at approximately $34,008,788.94. This trade represents a 40.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $172.80, for a total value of $17,280,000.00. Following the transaction, the executive vice president owned 3,143,516 shares of the company's stock, valued at approximately $543,199,564.80. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 563,622 shares of company stock worth $105,459,528 over the last quarter. Insiders own 2.50% of the company's stock.

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.