Palo Alto Networks, Inc. $PANW Shares Sold by Beacon Pointe Advisors LLC

Key Points

• Beacon Pointe Advisors reduced its Palo Alto Networks stake by 1.7%, selling 4,329 shares and retaining 243,306 shares valued at approximately $83.0 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 $3.0 billion. The stock opened at $371.59, near its 52-week high, but traded at a very elevated P/E ratio of 304.58.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $368.42 price target, although insiders sold $11.1 million of stock over the past 90 days. Upcoming earnings are a key catalyst as investors assess AI-security demand, recurring revenue, margins and guidance.

Beacon Pointe Advisors LLC trimmed its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,306 shares of the network technology company's stock after selling 4,329 shares during the period. Beacon Pointe Advisors LLC's holdings in Palo Alto Networks were worth $82,972,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PANW. Kimelman & Baird LLC boosted its holdings in shares of Palo Alto Networks by 2.1% in the 2nd quarter. Kimelman & Baird LLC now owns 3,064 shares of the network technology company's stock valued at $1,045,000 after buying an additional 64 shares during the period. 49 Wealth Management LLC acquired a new stake in Palo Alto Networks in the second quarter valued at approximately $264,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Palo Alto Networks by 5.8% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,478 shares of the network technology company's stock valued at $1,866,000 after buying an additional 300 shares during the last quarter. Rakuten Investment Management Inc. increased its holdings in shares of Palo Alto Networks by 16.4% during the 2nd quarter. Rakuten Investment Management Inc. now owns 195,958 shares of the network technology company's stock worth $65,058,000 after purchasing an additional 27,642 shares during the period. Finally, Denver PWM LLC bought a new stake in shares of Palo Alto Networks in the 2nd quarter valued at approximately $299,000. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $371.59 on Friday. The stock has a market capitalization of $302.85 billion, a P/E ratio of 304.58, a P/E/G ratio of 12.10 and a beta of 0.91. The company's fifty day moving average price is $344.62 and its 200 day moving average price is $248.45. 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 quick ratio of 0.86 and a current ratio of 0.86.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.79 by $0.06. The firm had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The business's revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 earnings per share. 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, equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.01 earnings per share for the current fiscal year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the sale, the executive vice president owned 145,250 shares of the company's stock, valued at $42,058,590. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John P. Key sold 7,500 shares of Palo Alto Networks stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the sale, the director directly owned 12,500 shares of the company's stock, valued at $3,490,500. This trade represents a 37.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 38,835 shares of company stock valued at $11,127,854 over the last ninety days. 1.40% of the stock is owned by insiders.

Trending Headlines about Palo Alto Networks

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

• Positive Sentiment: Benchmark raised its price target to $400 from $340 and maintained a Buy rating, citing potential upside to next-generation security annual recurring revenue, revenue, operating income and margins. The forecast reinforces expectations that Palo Alto Networks’ AI-security strategy is gaining traction. Palo Alto Networks Gets a $400 Target
• Positive Sentiment: Investors are taking confidence from CrowdStrike’s stronger-than-expected results, which highlighted robust AI-related cybersecurity demand and lifted sentiment across the sector. Palo Alto Networks is viewed as a potential beneficiary of the same spending cycle. Palo Alto Networks Stock Trades Up
• Positive Sentiment: Platformization, adoption of AI-security products and recent deal wins are expected to support fourth-quarter growth. BTIG also assigned PANW a Buy rating, adding to broadly favorable analyst coverage. Palo Alto Networks to Report Q4 Earnings
• Neutral Sentiment: Earnings are the next major catalyst. Traders expect potentially significant movement after the report, while analysts are watching recurring revenue, margins, operating income and guidance—not just revenue and EPS. Expected Post-Earnings Stock Move
• Negative Sentiment: Acquisition-related costs could pressure results, and the stock’s triple-digit P/E ratio—above 300 based on the supplied data—means much of the AI-growth outlook may already be reflected in the price. Any shortfall in growth or guidance could trigger profit-taking. Palo Alto’s Rally Has One Big Problem Ahead of Earnings
• Negative Sentiment: Chief Accounting Officer Josh D. Paul sold 900 shares for approximately $318,000, reducing his position by 1.21%. The transaction is small relative to his remaining holdings but may create a modest sentiment headwind. Palo Alto Networks Insider Sale

Analysts Set New Price Targets

A number of research firms recently issued reports on PANW. Scotiabank reaffirmed a "sector outperform" rating and issued a $320.00 price target (up from $180.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Barclays restated an "overweight" rating and set a $370.00 price objective (up from $315.00) on shares of Palo Alto Networks in a report on Wednesday, August 5th. Argus set a $425.00 price objective on Palo Alto Networks in a report on Tuesday, July 21st. Stifel Nicolaus set a $415.00 price objective on shares of Palo Alto Networks and gave the stock a "buy" rating in a research note on Wednesday, August 19th. Finally, Loop Capital boosted their price objective on shares of Palo Alto Networks from $160.00 to $290.00 and gave the stock a "hold" rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $368.42.

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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