MinichMacGregor Wealth Management LLC Sells 5,625 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• MinichMacGregor Wealth Management LLC has reduced its holdings in Palo Alto Networks, Inc. by 18.1%, now owning 25,388 shares valued at approximately $5.2 million.
• Insider sales include EVP Dipak Golechha selling 5,000 shares and EVP Lee Klarich selling 120,774 shares, decreasing their ownership by 4.94% and 40.43% respectively.
• Palo Alto Networks recently reported earnings of $0.95 per share, surpassing expectations, and set a FY 2026 EPS guidance of 3.750-3.850.

MinichMacGregor Wealth Management LLC trimmed its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 18.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,388 shares of the network technology company's stock after selling 5,625 shares during the quarter. MinichMacGregor Wealth Management LLC's holdings in Palo Alto Networks were worth $5,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. HWG Holdings LP acquired a new stake in shares of Palo Alto Networks during the 1st quarter worth approximately $31,000. Dagco Inc. bought a new position in Palo Alto Networks during the 1st quarter valued at about $33,000. WPG Advisers LLC bought a new stake in Palo Alto Networks during the 1st quarter worth approximately $37,000. Strategic Investment Solutions Inc. IL increased its position in Palo Alto Networks by 58.9% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock valued at $38,000 after acquiring an additional 83 shares in the last quarter. Finally, Stonebridge Financial Group LLC lifted its holdings in Palo Alto Networks by 46.8% during the 1st quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company's stock worth $40,000 after buying an additional 74 shares in the last quarter. Institutional investors own 79.82% of the company's stock.

Insider Activity

In related news, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total value of $1,020,950.00. Following the completion of the sale, the executive vice president directly owned 96,135 shares of the company's stock, valued at approximately $19,629,805.65. This represents a 4.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the transaction, the executive vice president directly owned 177,954 shares in the company, valued at $34,008,788.94. The trade was a 40.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,415,030 shares of company stock valued at $279,198,494. 2.50% of the stock is currently owned by insiders.

Palo Alto Networks Stock Performance

Shares of NASDAQ PANW opened at $202.37 on Friday. The company has a market capitalization of $135.37 billion, a P/E ratio of 126.09, a price-to-earnings-growth ratio of 4.81 and a beta of 0.98. The company's 50 day moving average price is $189.58 and its 200-day moving average price is $187.34. 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.06. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The firm's revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the previous year, the company posted $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. Analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on PANW shares. Guggenheim upped their price target on Palo Alto Networks from $130.00 to $135.00 and gave the company a "sell" rating in a research note on Tuesday, August 19th. KeyCorp lowered shares of Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 31st. DA Davidson restated a "buy" rating and issued a $215.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Rosenblatt Securities lowered their target price on Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating on the stock in a research note on Thursday, August 14th. Finally, Truist Financial set a $220.00 price target on shares of Palo Alto Networks and gave the company a "buy" rating in a research report on Tuesday, August 19th. Thirty equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Palo Alto Networks presently has an average rating of "Moderate Buy" and an average price target of $214.64.

Palo Alto Networks 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.

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