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

Procyon Advisors LLC cut its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 14.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 24,215 shares of the network technology company's stock after selling 4,197 shares during the period. Procyon Advisors LLC's holdings in Palo Alto Networks were worth $4,955,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Mirador Capital Partners LP raised its position in Palo Alto Networks by 8.7% during the second quarter. Mirador Capital Partners LP now owns 42,509 shares of the network technology company's stock worth $8,699,000 after acquiring an additional 3,397 shares during the period. Gateway Investment Advisers LLC raised its position in Palo Alto Networks by 9.3% during the second quarter. Gateway Investment Advisers LLC now owns 7,141 shares of the network technology company's stock worth $1,461,000 after acquiring an additional 609 shares during the period. Baron Wealth Management LLC raised its position in Palo Alto Networks by 3.6% during the second quarter. Baron Wealth Management LLC now owns 1,958 shares of the network technology company's stock worth $401,000 after acquiring an additional 68 shares during the period. StrongBox Wealth LLC raised its position in Palo Alto Networks by 15.0% during the second quarter. StrongBox Wealth LLC now owns 3,795 shares of the network technology company's stock worth $777,000 after acquiring an additional 496 shares during the period. Finally, New England Research & Management Inc. raised its position in Palo Alto Networks by 191.1% during the second quarter. New England Research & Management Inc. now owns 6,668 shares of the network technology company's stock worth $1,365,000 after acquiring an additional 4,377 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Palo Alto Networks

In related news, CAO Josh D. Paul sold 800 shares of Palo Alto Networks stock in a transaction on Friday, June 20th. The shares were sold at an average price of $201.05, for a total value of $160,840.00. Following the transaction, the chief accounting officer directly owned 42,033 shares in the company, valued at $8,450,734.65. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction on Friday, August 1st. The shares were sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of 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 disclosure for this sale can be found here. In the last three months, insiders have sold 569,422 shares of company stock valued at $106,629,618. 2.50% of the stock is currently owned by insiders.

Palo Alto Networks Stock Up 0.0%

Shares of NASDAQ:PANW opened at $201.34 on Wednesday. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $210.39. The firm's 50 day moving average price is $187.97 and its 200 day moving average price is $186.09. The stock has a market cap of $134.68 billion, a price-to-earnings ratio of 125.45, a price-to-earnings-growth ratio of 4.80 and a beta of 0.98.

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 company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The firm's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. On average, equities analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group set a $185.00 price objective on shares of Palo Alto Networks and gave the stock a "neutral" rating in a research report on Tuesday, August 12th. DA Davidson restated a "buy" rating and set a $215.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Wells Fargo & Company increased their target price on shares of Palo Alto Networks from $225.00 to $235.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Barclays reiterated an "overweight" rating and issued a $215.00 target price (up from $210.00) on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Finally, Morgan Stanley increased their target price on shares of Palo Alto Networks from $210.00 to $216.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Twenty-eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $211.68.

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.

Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.