Palo Alto Networks, Inc. $PANW Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Palo Alto Networks by 57%, selling 93,820 shares to hold 70,839 shares valued at approximately $14 million.
• Institutional investors own 79.82% of Palo Alto Networks' shares, with several hedge funds increasing their holdings significantly in recent months.
• Palo Alto Networks reported a quarterly earnings per share of $0.95, exceeding estimates, and provided guidance for FY 2026 with projections of $3.750-3.850 EPS.

Allspring Global Investments Holdings LLC trimmed its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 57.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,839 shares of the network technology company's stock after selling 93,820 shares during the period. Allspring Global Investments Holdings LLC's holdings in Palo Alto Networks were worth $13,996,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PANW. Brighton Jones LLC grew its holdings in Palo Alto Networks by 147.7% during the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock worth $1,230,000 after acquiring an additional 4,031 shares during the period. Bison Wealth LLC grew its holdings in Palo Alto Networks by 169.1% during the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock worth $948,000 after acquiring an additional 3,275 shares during the period. GAMMA Investing LLC grew its holdings in Palo Alto Networks by 10.8% during the first quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock worth $2,410,000 after acquiring an additional 1,374 shares during the period. Cornerstone Wealth Management LLC grew its holdings in Palo Alto Networks by 13.1% during the first quarter. Cornerstone Wealth Management LLC now owns 2,455 shares of the network technology company's stock worth $419,000 after acquiring an additional 285 shares during the period. Finally, Kingswood Wealth Advisors LLC grew its holdings in Palo Alto Networks by 17.9% during the first quarter. Kingswood Wealth Advisors LLC now owns 5,150 shares of the network technology company's stock worth $880,000 after acquiring an additional 782 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Palo Alto Networks

In related news, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the transaction, the executive vice president owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $202.16, for a total value of $141,512.00. Following the transaction, the chief accounting officer owned 32,474 shares in the company, valued at approximately $6,564,943.84. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,315,130 shares of company stock valued at $260,687,367. Insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on PANW shares. Rosenblatt Securities dropped their target price 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. Bank of America upgraded Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 price target on the stock in a research report on Tuesday, August 19th. Guggenheim increased their price target on Palo Alto Networks from $130.00 to $135.00 and gave the stock a "sell" rating in a research report on Tuesday, August 19th. Mizuho increased their price target on Palo Alto Networks from $210.00 to $220.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, KeyCorp downgraded Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 31st. Thirty investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $216.60.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $207.89 on Friday. The business's 50 day moving average price is $196.80 and its 200-day moving average price is $190.29. The firm has a market capitalization of $139.06 billion, a PE ratio of 129.53, a P/E/G ratio of 4.89 and a beta of 0.98. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $217.94.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping 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%.The business's revenue 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. As a group, analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

About Palo Alto Networks

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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