Palo Alto Networks, Inc. $PANW Shares Sold by Atalanta Sosnoff Capital LLC

Atalanta Sosnoff Capital LLC reduced its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 292,712 shares of the network technology company’s stock after selling 2,590 shares during the period. Palo Alto Networks makes up 1.2% of Atalanta Sosnoff Capital LLC’s investment portfolio, making the stock its 29th largest holding. Atalanta Sosnoff Capital LLC’s holdings in Palo Alto Networks were worth $59,901,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PANW. South Plains Financial Inc. lifted its position in Palo Alto Networks by 6.1% during the 2nd quarter. South Plains Financial Inc. now owns 4,773 shares of the network technology company’s stock worth $977,000 after acquiring an additional 275 shares during the period. DCF Advisers LLC purchased a new stake in shares of Palo Alto Networks during the second quarter worth approximately $215,000. Insigneo Advisory Services LLC raised its stake in shares of Palo Alto Networks by 2.5% during the second quarter. Insigneo Advisory Services LLC now owns 17,903 shares of the network technology company’s stock worth $3,664,000 after purchasing an additional 440 shares during the last quarter. CreativeOne Wealth LLC lifted its holdings in shares of Palo Alto Networks by 9.5% during the second quarter. CreativeOne Wealth LLC now owns 27,348 shares of the network technology company’s stock worth $5,596,000 after purchasing an additional 2,378 shares during the period. Finally, Fiducient Advisors LLC grew its position in Palo Alto Networks by 6.3% in the 2nd quarter. Fiducient Advisors LLC now owns 2,658 shares of the network technology company’s stock valued at $544,000 after buying an additional 158 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PANW has been the topic of a number of analyst reports. Mizuho lifted their price objective on Palo Alto Networks from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, November 17th. Cantor Fitzgerald raised their price target on Palo Alto Networks from $223.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Barclays upped their price objective on Palo Alto Networks from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Jefferies Financial Group reissued a “buy” rating and issued a $250.00 target price (up previously from $235.00) on shares of Palo Alto Networks in a report on Tuesday, November 11th. Finally, Rosenblatt Securities boosted their target price on shares of Palo Alto Networks from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Thirty research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $225.09.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the transaction, the executive vice president owned 96,135 shares of the company’s stock, valued at $19,629,805.65. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $217.94, for a total value of $26,321,485.56. Following the completion of the sale, the executive vice president owned 356,409 shares of the company’s stock, valued at $77,675,777.46. This trade represents a 25.31% 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 1,215,130 shares of company stock worth $249,031,488. 1.40% of the stock is owned by corporate insiders.

Palo Alto Networks Trading Down 1.2%

Shares of NASDAQ PANW opened at $182.90 on Monday. The stock has a fifty day moving average price of $208.77 and a 200 day moving average price of $197.44. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $223.61. The company has a market cap of $127.48 billion, a P/E ratio of 115.76, a P/E/G ratio of 4.29 and a beta of 0.95.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Wednesday, November 19th. The network technology company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Palo Alto Networks had a net margin of 11.69% and a return on equity of 17.05%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the business earned $1.56 EPS. The business’s revenue was up 15.7% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.800-3.900 EPS. Q2 2026 guidance at 0.930-0.950 EPS. On average, sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

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.