Main Street Research LLC Sells 650 Shares of Palo Alto Networks, Inc. $PANW

Main Street Research LLC decreased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,146 shares of the network technology company’s stock after selling 650 shares during the quarter. Main Street Research LLC’s holdings in Palo Alto Networks were worth $2,690,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Ellevest Inc. bought a new stake in shares of Palo Alto Networks in the 2nd quarter worth about $272,000. FWG Holdings LLC grew its holdings in shares of Palo Alto Networks by 7.4% in the 2nd quarter. FWG Holdings LLC now owns 4,779 shares of the network technology company’s stock worth $978,000 after purchasing an additional 328 shares during the last quarter. Dillon & Associates Inc. grew its holdings in Palo Alto Networks by 3.0% during the 2nd quarter. Dillon & Associates Inc. now owns 107,990 shares of the network technology company’s stock worth $22,138,000 after acquiring an additional 3,159 shares during the last quarter. Sunburst Financial Group LLC bought a new stake in Palo Alto Networks during the 2nd quarter worth about $200,000. Finally, Oakwell Private Wealth Management LLC bought a new stake in Palo Alto Networks during the 2nd quarter worth about $204,000. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Trading Down 2.1%

Shares of NASDAQ PANW opened at $214.52 on Wednesday. The firm has a market capitalization of $143.49 billion, a PE ratio of 133.66, a price-to-earnings-growth ratio of 5.21 and a beta of 0.95. The firm’s 50-day moving average is $205.81 and its 200-day moving average is $195.17. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $223.61.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results 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. The business had revenue of $2.54 billion for 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%. Palo Alto Networks’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the company posted $0.75 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. As a group, equities research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on PANW shares. BTIG Research raised shares of Palo Alto Networks from a “neutral” rating to a “buy” rating in a report on Monday, October 13th. Piper Sandler raised shares of Palo Alto Networks from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $200.00 to $225.00 in a report on Tuesday, August 12th. UBS Group set a $245.00 price objective on shares of Palo Alto Networks in a report on Friday, September 26th. Oppenheimer increased their price objective on shares of Palo Alto Networks from $225.00 to $245.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Westpark Capital reissued a “hold” rating on shares of Palo Alto Networks in a report on Tuesday, August 19th. Thirty 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $218.17.

Insider Activity

In related news, CEO Nikesh Arora sold 846,408 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total value of $172,718,016.48. Following the sale, the chief executive officer directly owned 275,013 shares in the company, valued at $56,119,152.78. This trade represents a 75.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the completion of the sale, the executive vice president owned 96,135 shares in the company, valued at $19,629,805.65. This represents a 4.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,215,830 shares of company stock valued at $249,160,428. Insiders own 2.50% of the company’s stock.

About Palo Alto Networks

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.