SkyOak Wealth LLC Sells 2,990 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• SkyOak Wealth LLC cut its Palo Alto Networks stake by 53.6% in the second quarter, selling 2,990 shares and retaining 2,590 shares valued at approximately $883,000. Institutional investors overall own 79.82% of PANW.
• Analysts remain broadly bullish: PANW has a “Moderate Buy” consensus rating, with 39 Buy ratings and an average price target of $370.87; several firms recently raised their targets to between $384 and $415.
• Palo Alto Networks exceeded quarterly expectations with $3.41 billion in revenue and $1.02 EPS, while revenue grew 34.5% year over year. Despite strong results and raised guidance, the stock’s high valuation and broader software-sector pressure remain risks.

SkyOak Wealth LLC lessened its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 53.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,590 shares of the network technology company's stock after selling 2,990 shares during the quarter. SkyOak Wealth LLC's holdings in Palo Alto Networks were worth $883,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PANW. Brighton Jones LLC increased its holdings in shares of Palo Alto Networks by 147.7% in 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 in the last quarter. Bison Wealth LLC lifted its holdings in shares of Palo Alto Networks by 169.1% during the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock valued at $948,000 after purchasing an additional 3,275 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of Palo Alto Networks by 66.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company's stock valued at $713,000 after purchasing an additional 1,389 shares during the period. Osterweis Capital Management Inc. increased its stake in Palo Alto Networks by 11,100.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company's stock worth $115,000 after purchasing an additional 555 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its stake in Palo Alto Networks by 6.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company's stock worth $900,000 after purchasing an additional 249 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PANW has been the subject of several research reports. Stifel Nicolaus set a $415.00 price objective on shares of Palo Alto Networks and gave the stock a "buy" rating in a research report on Wednesday, August 19th. Susquehanna reaffirmed a "positive" rating and issued a $350.00 price objective (up from $200.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. upped their target price on shares of Palo Alto Networks from $326.00 to $384.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 25th. BMO Capital Markets reiterated an "outperform" rating and set a $415.00 target price (up from $335.00) on shares of Palo Alto Networks in a report on Thursday, August 20th. Finally, Benchmark boosted their price target on Palo Alto Networks from $340.00 to $400.00 and gave the company a "buy" rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $370.87.

Palo Alto Networks Stock Performance

Shares of PANW opened at $362.09 on Wednesday. The firm has a 50-day moving average of $347.96 and a 200-day moving average of $251.94. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $398.88. The company has a market cap of $295.10 billion, a PE ratio of 296.80, a price-to-earnings-growth ratio of 12.08 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the prior year, the company earned $0.95 earnings per share. The business's revenue for the quarter was up 34.5% compared to the same quarter last year. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. As a group, equities analysts forecast that Palo Alto Networks, Inc. will post 2.01 earnings per share for the current year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the completion of the transaction, the executive vice president directly owned 145,250 shares of the company's stock, valued at $42,058,590. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James J. Goetz sold 20,000 shares of the company's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the completion of the transaction, the director owned 20,000 shares in the company, valued at approximately $5,598,000. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 37,735 shares of company stock worth $10,814,266. 1.40% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Palo Alto Networks

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

• Positive Sentiment: Quarterly results topped expectations. Fiscal Q4 revenue rose roughly 34% year over year to $3.41 billion, exceeding the $3.35 billion consensus estimate. Non-GAAP EPS of $1.02 also beat expectations of $0.98 and increased from $0.95 a year earlier. Reuters article
• Positive Sentiment: Fiscal 2027 guidance was stronger than anticipated. Palo Alto Networks forecast revenue of $14.1 billion to $14.2 billion, representing approximately 23% to 24% growth and above the $13.8 billion analyst estimate. Its EPS outlook of $4.16 to $4.19 was also well above the $2.01 consensus, while first-quarter revenue and EPS guidance exceeded expectations. Wall Street Journal article
• Positive Sentiment: AI is expanding the cybersecurity opportunity. CEO Nikesh Arora said approximately $1 trillion of aging cybersecurity infrastructure is not prepared for AI-driven attacks, potentially creating a long runway for modernization spending and demand for Palo Alto’s platform. CNBC article
• Positive Sentiment: The company strengthened its AI strategy. Palo Alto announced the acquisition of Console, an AI-native platform intended to add agentic capabilities and automate security workflows. The deal reinforces management’s focus on AI-era cybersecurity demand. Console acquisition announcement
• Neutral Sentiment: Expectations were already high. Shares had gained substantially ahead of earnings, raising the risk that even strong results would prompt profit-taking. Analysts also lifted targets, including Scotiabank’s increase to $430, indicating continued confidence but potentially less near-term upside after the rally.
• Negative Sentiment: Valuation and market conditions pressured the stock. Palo Alto Networks trades at a very high earnings multiple, while software stocks broadly sold off amid rising Treasury yields, inflation concerns and geopolitical risk. This macro pressure appears to have outweighed the earnings beat in the immediate reaction. Software sector selloff article

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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