InTrack Investment Management Inc Has $9.27 Million Stake in Palo Alto Networks, Inc. $PANW

Key Points

• InTrack Investment Management reduced its Palo Alto Networks stake by 15.5% in the second quarter, selling 4,981 shares and retaining 27,173 shares worth approximately $9.27 million. PANW represents 4.6% of the fund’s portfolio, while institutional investors collectively own 79.82% of the stock.
• Palo Alto Networks reported quarterly revenue of $3.41 billion, up 34.5% year over year, and adjusted earnings of $1.02 per share, beating analyst expectations. Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $385.67.
• Despite strong results and AI-driven growth prospects, PANW shares traded down 9.3% amid valuation concerns; the stock carries a very high forward valuation and has faced insider selling, with executives selling 37,735 shares worth about $10.8 million during the quarter.

InTrack Investment Management Inc lessened its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 15.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,173 shares of the network technology company's stock after selling 4,981 shares during the period. Palo Alto Networks comprises 4.6% of InTrack Investment Management Inc's investment portfolio, making the stock its 2nd biggest holding. InTrack Investment Management Inc's holdings in Palo Alto Networks were worth $9,266,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Palo Alto Networks in the second quarter worth approximately $25,833,462,000. Norges Bank bought a new position in shares of Palo Alto Networks in the fourth quarter valued at approximately $1,415,364,000. Legal & General Group Plc purchased a new position in shares of Palo Alto Networks during the second quarter valued at approximately $1,968,304,000. Bank of New York Mellon Corp purchased a new position in shares of Palo Alto Networks during the second quarter valued at approximately $1,569,755,000. Finally, Deutsche Bank AG bought a new stake in Palo Alto Networks during the second quarter worth $1,481,236,000. Institutional investors own 79.82% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. TD Cowen reissued a "buy" rating on shares of Palo Alto Networks in a research report on Wednesday. Tigress Financial lifted their price objective on shares of Palo Alto Networks from $245.00 to $430.00 and gave the stock a "buy" rating in a report on Wednesday, July 15th. FBN Securities reiterated an "outperform" rating on shares of Palo Alto Networks in a research note on Wednesday, July 1st. Sanford C. Bernstein reiterated an "outperform" rating and issued a $253.00 target price on shares of Palo Alto Networks in a report on Wednesday. Finally, Susquehanna raised their price target on shares of Palo Alto Networks from $350.00 to $415.00 and gave the company a "positive" rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $385.67.

Trending Headlines about Palo Alto Networks

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

• Positive Sentiment: Strong quarterly results and outlook: Fiscal fourth-quarter revenue rose 34% year over year to $3.41 billion, exceeding the $3.35 billion consensus estimate, while adjusted earnings of $1.02 per share topped expectations of $0.98. Fiscal 2027 revenue guidance of $14.1 billion to $14.2 billion was also above Wall Street’s forecast, supporting the company’s growth narrative. Reuters earnings and acquisition article
• Positive Sentiment: AI-security demand remains a major catalyst: Next-generation security annual recurring revenue increased 63% to $9.1 billion, including nearly $1 billion in net new ARR. Management said AI-driven cyberthreats are prompting customers to modernize aging security infrastructure, potentially extending PANW’s long-term growth runway. CNBC AI cybersecurity infrastructure article
• Positive Sentiment: Analysts remain bullish: Citigroup, DA Davidson, RBC, Susquehanna, Rosenblatt and BTIG all raised price targets, while Needham and Cantor Fitzgerald reaffirmed positive ratings. The revisions indicate analysts view the selloff as an opportunity and see meaningful upside if execution continues.
• Positive Sentiment: Strategic AI acquisition: Palo Alto Networks agreed to acquire Console, an AI-native platform that automates IT help-desk workflows and adds agentic capabilities. TechCrunch reported the transaction value at approximately $500 million in cash and stock, underscoring PANW’s continued investment in AI. TechCrunch Console acquisition article
• Neutral Sentiment: Valuation and expectations are the key debate: Despite the earnings beat, PANW’s premium valuation has left little room for disappointment. Investors appear to be repricing the stock after its substantial prior rally, while broader software and cybersecurity shares also traded lower.

Palo Alto Networks Trading Down 9.3%

Shares of Palo Alto Networks stock opened at $328.48 on Thursday. The firm has a market cap of $267.71 billion, a PE ratio of 644.09, a P/E/G ratio of 11.06 and a beta of 0.91. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $398.88. 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 stock has a fifty day moving average price of $348.83 and a 200-day moving average price of $253.11.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.04. The company 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 10.21%. The firm's quarterly revenue was up 34.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. 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. Equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.25 EPS for the current year.

Insider Transactions at Palo Alto Networks

In other news, Director Helle Thorning-Schmidt sold 700 shares of the firm's stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $346.85, for a total transaction of $242,795.00. Following the completion of the sale, the director owned 5,898 shares in the company, valued at $2,045,721.30. This trade represents a 10.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John P. Key sold 7,500 shares of the company's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.24, for a total value of $2,094,300.00. Following the completion of the transaction, the director owned 12,500 shares in the company, valued at approximately $3,490,500. The trade was a 37.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 37,735 shares of company stock valued at $10,814,266. Corporate insiders own 1.40% of the company's stock.

About Palo Alto Networks

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.

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