Palo Alto Networks, Inc. $PANW Shares Sold by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC reduced its holdings in Palo Alto Networks, decreasing by 3.3% to own 105,453 shares, valued at approximately $17.99 million as of its latest SEC filing.
• Insider trading activity includes Lee Klarich selling 120,774 shares for over $23.5 million, while Dipak Golechha sold 5,000 shares for approximately $1 million, reflecting a decrease in their ownership stakes.
• Analysts maintain a positive outlook on Palo Alto Networks with an average rating of "Moderate Buy" and a consensus price target of $211.52, with Barclays setting a target of $215.00.

Kestra Advisory Services LLC cut its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 3.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,453 shares of the network technology company's stock after selling 3,614 shares during the period. Kestra Advisory Services LLC's holdings in Palo Alto Networks were worth $17,994,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Capital A Wealth Management LLC bought a new stake in Palo Alto Networks in the fourth quarter worth $29,000. HWG Holdings LP purchased a new stake in shares of Palo Alto Networks during the 1st quarter valued at about $31,000. Dagco Inc. purchased a new stake in shares of Palo Alto Networks during the 1st quarter valued at about $33,000. SWAN Capital LLC lifted its holdings in shares of Palo Alto Networks by 100.0% in the 4th quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL raised its position in Palo Alto Networks by 58.9% during the first quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock valued at $38,000 after purchasing an additional 83 shares during the period. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Stock Performance

PANW traded up $2.56 on Friday, hitting $185.88. The company had a trading volume of 6,857,662 shares, compared to its average volume of 14,233,472. The stock has a fifty day moving average price of $190.61 and a 200-day moving average price of $186.32. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $210.39. The stock has a market capitalization of $123.94 billion, a price-to-earnings ratio of 115.81, a P/E/G ratio of 4.53 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The business's quarterly revenue was up 15.8% compared to the same quarter last year. 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 EPS for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the sale, the executive vice president owned 101,135 shares of the company's stock, valued at $20,414,099.75. This trade represents a 4.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $184.20, for a total transaction of $128,940.00. Following the sale, the chief accounting officer directly owned 37,723 shares in the company, valued at $6,948,576.60. This trade represents a 1.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 669,948 shares of company stock valued at $126,552,277 in the last three months. Company insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

PANW has been the topic of several recent analyst reports. Roth Capital began coverage on shares of Palo Alto Networks in a research note on Thursday, May 15th. They issued a "neutral" rating and a $210.00 target price on the stock. Truist Financial set a $220.00 price objective on Palo Alto Networks and gave the company a "buy" rating in a report on Tuesday, August 19th. Needham & Company LLC reaffirmed a "buy" rating and issued a $230.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Rosenblatt Securities reduced 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, Royal Bank Of Canada reissued an "outperform" rating and set a $232.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Twenty-eight 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. According to MarketBeat, Palo Alto Networks presently has a consensus rating of "Moderate Buy" and a consensus target price of $211.52.

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.