Palo Alto Networks, Inc. $PANW Position Trimmed by Canvas Wealth Advisors LLC

Key Points

• Canvas Wealth Advisors reduced its Palo Alto Networks stake by 12.1% in the second quarter, selling 6,703 shares and retaining 48,854 shares valued at about $16.7 million. Institutional investors still own approximately 79.8% of PANW.
• Analysts remain broadly bullish, with 41 of 48 analysts rating the stock Buy or Strong Buy. The consensus rating is “Moderate Buy,” with an average price target of $333.76, while several firms recently raised targets as high as $380.
• Palo Alto Networks exceeded quarterly expectations, reporting $0.85 in EPS and $3.0 billion in revenue, up 31.1% year over year. However, the stock’s valuation is elevated at roughly 315 times earnings, and insiders sold more than $27 million of shares over the past 90 days.

Canvas Wealth Advisors LLC trimmed its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 12.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,854 shares of the network technology company's stock after selling 6,703 shares during the period. Palo Alto Networks accounts for 2.3% of Canvas Wealth Advisors LLC's portfolio, making the stock its 12th biggest position. Canvas Wealth Advisors LLC's holdings in Palo Alto Networks were worth $16,660,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Palo Alto Networks by 4.1% during 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 acquiring an additional 2,659,100 shares during the period. State Street Corp boosted its stake in Palo Alto Networks by 2.0% in the fourth quarter. State Street Corp now owns 30,331,705 shares of the network technology company's stock valued at $5,587,100,000 after acquiring an additional 594,789 shares during the period. Bank of America Corp DE grew its holdings in shares of Palo Alto Networks by 16.0% during the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company's stock valued at $3,603,473,000 after purchasing an additional 3,101,267 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Palo Alto Networks by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company's stock worth $2,934,935,000 after purchasing an additional 540,756 shares during the period. Finally, Norges Bank acquired a new stake in shares of Palo Alto Networks during the 4th quarter worth approximately $1,415,364,000. 79.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PANW has been the subject of a number of analyst reports. Wedbush boosted their price objective on Palo Alto Networks from $300.00 to $340.00 and gave the company an "outperform" rating in a research report on Wednesday, June 3rd. TD Cowen reaffirmed a "buy" rating on shares of Palo Alto Networks in a research report on Thursday, August 6th. Weiss Ratings cut Palo Alto Networks from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, June 4th. Stifel Nicolaus set a $340.00 target price on Palo Alto Networks in a research note on Wednesday, June 3rd. Finally, BNP Paribas Exane boosted their price target on shares of Palo Alto Networks from $330.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Palo Alto Networks presently has an average rating of "Moderate Buy" and a consensus price target of $333.76.

Palo Alto Networks Stock Down 0.3%

PANW opened at $383.80 on Wednesday. The stock's 50 day moving average price is $321.30 and its 200 day moving average price is $231.33. 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 market cap of $312.80 billion, a P/E ratio of 314.59, a P/E/G ratio of 12.92 and a beta of 0.91. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $387.20.

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

Insider Transactions at Palo Alto Networks

In other news, Director James J. Goetz sold 20,000 shares of the company's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.90, for a total value of $5,598,000.00. Following the completion of the sale, the director directly owned 20,000 shares of the company's stock, valued at approximately $5,598,000. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John P. Key sold 7,500 shares of the company's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the completion of the sale, the director directly owned 12,500 shares of the company's stock, valued at approximately $3,490,500. This represents a 37.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 101,239 shares of company stock worth $27,174,360 over the last ninety days. Insiders own 1.40% of the company's stock.

Trending Headlines about Palo Alto Networks

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

• Positive Sentiment: Cybersecurity stocks led the market on Monday, with Palo Alto Networks and CrowdStrike reaching record levels after the Black Hat conference highlighted how AI agents are creating new security risks. Analysts said the changing threat landscape could increase demand for cybersecurity products. CrowdStrike, Palo Alto hit records after Black Hat cyber conference illuminates rising AI threat
• Positive Sentiment: Broader cybersecurity shares surged even as the overall market declined, making Palo Alto Networks a relative strength leader and reinforcing investor enthusiasm for the sector. Cybersecurity Stocks Surge, With Palo Alto Networks and CrowdStrike Leading the Charge
• Positive Sentiment: Coverage describing a “massive update” and booming performance in 2026 is supporting the bullish narrative around PANW, although the available report details do not specify a new financial announcement. Massive Update for Palo Alto Stock Investors
• Positive Sentiment: Wall Street’s generally bullish recommendations continue to provide support for the stock. Recent quarterly results also showed earnings and revenue above consensus, with revenue growth of 31.1% year over year.
• Positive Sentiment: PANW reached a new one-year high, signaling strong technical momentum and continued investor demand. Palo Alto Networks Reaches New 1-Year High
• Neutral Sentiment: Reported short-interest data showed zero shares and a zero-day short-interest ratio, but the stated percentage change was “NaN,” making the data unreliable and providing little meaningful insight into bearish positioning.
• Negative Sentiment: The stock’s very elevated valuation—about 315 times earnings—leaves PANW vulnerable to profit-taking if growth, guidance, or cybersecurity-sector enthusiasm slows.

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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