Palo Alto Networks, Inc. $PANW Shares Sold by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC cut its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 84.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,289 shares of the network technology company’s stock after selling 17,848 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in Palo Alto Networks were worth $606,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC grew its holdings in Palo Alto Networks by 39.7% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 176 shares of the network technology company’s stock valued at $36,000 after purchasing an additional 50 shares in the last quarter. Harold Davidson & Associates Inc. boosted its position in Palo Alto Networks by 5.0% in the 3rd quarter. Harold Davidson & Associates Inc. now owns 1,056 shares of the network technology company’s stock valued at $215,000 after buying an additional 50 shares during the last quarter. Princeton Capital Management LLC boosted its position in Palo Alto Networks by 3.4% in the 3rd quarter. Princeton Capital Management LLC now owns 1,520 shares of the network technology company’s stock valued at $310,000 after buying an additional 50 shares during the last quarter. South Plains Financial Inc. grew its stake in shares of Palo Alto Networks by 1.0% during the third quarter. South Plains Financial Inc. now owns 4,823 shares of the network technology company’s stock valued at $982,000 after acquiring an additional 50 shares in the last quarter. Finally, Fayez Sarofim & Co increased its position in shares of Palo Alto Networks by 1.2% during the third quarter. Fayez Sarofim & Co now owns 4,310 shares of the network technology company’s stock worth $878,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling

In other news, Director James J. Goetz sold 22,684 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $164.41, for a total transaction of $3,729,476.44. Following the transaction, the director directly owned 52,500 shares of the company’s stock, valued at approximately $8,631,525. This trade represents a 30.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 1,100 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $161.40, for a total transaction of $177,540.00. Following the completion of the sale, the chief accounting officer directly owned 83,136 shares of the company’s stock, valued at $13,418,150.40. The trade was a 1.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,356 shares of company stock valued at $4,981,575 in the last ninety days. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Performance

Palo Alto Networks stock opened at $252.92 on Friday. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $253.10. The firm’s 50-day moving average is $181.38 and its 200-day moving average is $181.77. The company has a market cap of $206.38 billion, a P/E ratio of 139.73, a PEG ratio of 8.89 and a beta of 0.77.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Wednesday, February 18th. The network technology company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.09. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.58 billion. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.The business’s revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the business posted $0.81 EPS. As a group, sell-side analysts predict that Palo Alto Networks, Inc. will post 2.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PANW. DA Davidson set a $190.00 price target on Palo Alto Networks and gave the company a “buy” rating in a report on Wednesday, February 18th. BMO Capital Markets increased their target price on Palo Alto Networks from $200.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday. Oppenheimer reissued an “outperform” rating and set a $275.00 price target (up from $245.00) on shares of Palo Alto Networks in a research report on Friday, May 15th. Benchmark assumed coverage on shares of Palo Alto Networks in a report on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price target on the stock. Finally, Mizuho boosted their target price on shares of Palo Alto Networks from $200.00 to $265.00 and gave the stock an “outperform” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Palo Alto Networks has an average rating of “Moderate Buy” and a consensus target price of $226.33.

Trending Headlines about Palo Alto Networks

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

• Positive Sentiment: Wells Fargo raised its price target on Palo Alto Networks to $285 from $235 and kept an overweight rating, reinforcing a bullish outlook on the stock. Benzinga
• Positive Sentiment: Stifel Nicolaus also lifted its target to $275 and reiterated a buy rating, while BMO and Morgan Stanley recently boosted their targets as well, signaling broader Wall Street confidence in PANW’s growth outlook. MarketScreener
• Positive Sentiment: At Jefferies’ attended Ignite On Tour event, customers showed strong interest in Palo Alto’s AI security products, including Prisma AIRS, XSIAM, Portkey, and Koi Security, suggesting the company’s AI strategy is gaining traction. Proactive Investors
• Positive Sentiment: Analyst commentary also highlighted rising demand for AI security as a potential long-term growth driver, which could support continued multiple expansion if adoption accelerates. Zacks
• Neutral Sentiment: Josh Brown added Palo Alto Networks to his “best stocks in the market” list, which adds to the positive sentiment around cybersecurity names, though it is more of a watchlist/endorsement signal than a direct business catalyst. Invezz

About Palo Alto Networks

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.