Palo Alto Networks, Inc. $PANW Position Lessened by Legacy Wealth Management LLC MS

Key Points

• Legacy Wealth Management reduced its Palo Alto Networks stake by 12% in the second quarter, selling 4,105 shares and retaining 30,221 shares valued at approximately $10.3 million. Institutional investors collectively own 79.82% of PANW.
• Palo Alto Networks reported quarterly EPS of $0.85, beating estimates of $0.79, while revenue rose 31.1% year over year to $3 billion. The company issued fiscal 2026 EPS guidance of $3.77–$3.79.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $333.76, although one analyst downgraded the stock to “Reduce.” PANW was trading at $363.86, near its 52-week high.

Legacy Wealth Management LLC MS decreased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 12.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,221 shares of the network technology company's stock after selling 4,105 shares during the period. Palo Alto Networks makes up about 2.6% of Legacy Wealth Management LLC MS's holdings, making the stock its 7th largest holding. Legacy Wealth Management LLC MS's holdings in Palo Alto Networks were worth $10,306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PANW. Norges Bank bought a new stake in shares of Palo Alto Networks during the 4th quarter valued at about $1,415,364,000. Bank of America Corp DE increased its position in shares of Palo Alto Networks by 16.0% in the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company's stock worth $3,603,473,000 after purchasing an additional 3,101,267 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Palo Alto Networks by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company's stock worth $12,512,533,000 after purchasing an additional 2,659,100 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in Palo Alto Networks by 1,665.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,761,909 shares of the network technology company's stock valued at $442,788,000 after purchasing an additional 2,605,433 shares in the last quarter. Finally, Amundi raised its stake in Palo Alto Networks by 67.1% in the first quarter. Amundi now owns 6,297,833 shares of the network technology company's stock valued at $1,009,669,000 after purchasing an additional 2,528,299 shares in the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Palo Alto Networks Trading Up 1.2%

PANW stock opened at $363.86 on Friday. The company has a market capitalization of $296.55 billion, a PE ratio of 298.25, a price-to-earnings-growth ratio of 12.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $376.98. The company's 50 day moving average price is $317.88 and its two-hundred day moving average price is $228.20.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter in the prior year, the company earned $0.37 EPS. The firm's revenue was up 31.1% on a year-over-year basis. 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. As a group, analysts predict that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wedbush boosted their price target on shares of Palo Alto Networks from $300.00 to $340.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 3rd. Rosenblatt Securities raised their price objective on shares of Palo Alto Networks from $275.00 to $355.00 and gave the company a "buy" rating in a research report on Wednesday, June 3rd. TD Cowen reaffirmed a "buy" rating on shares of Palo Alto Networks in a report on Thursday. Guggenheim lowered shares of Palo Alto Networks from a "neutral" rating to a "reduce" rating in a research report on Wednesday, May 27th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $330.00 target price on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $333.76.

Insider Buying and Selling at Palo Alto Networks

In other news, Director James J. Goetz sold 20,000 shares of Palo Alto Networks 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 transaction, the director owned 20,000 shares in the company, valued at approximately $5,598,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Josh D. Paul sold 900 shares of the business's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total value of $310,500.00. Following the completion of the sale, the chief accounting officer directly owned 79,644 shares of the company's stock, valued at approximately $27,477,180. This trade represents a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 101,239 shares of company stock valued at $27,174,360. 1.40% of the stock is currently owned by insiders.

Palo Alto Networks Company 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.

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