Bingham Private Wealth LLC Sells 240 Shares of Palo Alto Networks, Inc. $PANW

Bingham Private Wealth LLC trimmed its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 18.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,037 shares of the network technology company’s stock after selling 240 shares during the period. Bingham Private Wealth LLC’s holdings in Palo Alto Networks were worth $212,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Palo Alto Networks in the first quarter valued at about $261,000. Strive Asset Management LLC lifted its holdings in shares of Palo Alto Networks by 16.6% in the first quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company’s stock valued at $358,000 after purchasing an additional 299 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Palo Alto Networks by 10.8% in the first quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company’s stock valued at $2,410,000 after purchasing an additional 1,374 shares in the last quarter. Czech National Bank lifted its holdings in shares of Palo Alto Networks by 6.4% in the second quarter. Czech National Bank now owns 161,840 shares of the network technology company’s stock valued at $33,119,000 after purchasing an additional 9,766 shares in the last quarter. Finally, Avity Investment Management Inc. lifted its holdings in shares of Palo Alto Networks by 37.9% in the second quarter. Avity Investment Management Inc. now owns 181,691 shares of the network technology company’s stock valued at $37,181,000 after purchasing an additional 49,971 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Insider Activity

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the business’s 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. The trade was a 4.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $172.80, for a total value of $17,280,000.00. Following the transaction, the executive vice president directly owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. This trade represents a 3.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,194,356 shares of company stock valued at $235,092,941. 2.50% of the stock is owned by insiders.

Palo Alto Networks Stock Performance

PANW opened at $212.58 on Tuesday. The business’s 50-day simple moving average is $190.36 and its 200 day simple moving average is $188.45. The firm has a market capitalization of $142.19 billion, a PE ratio of 132.45, a PEG ratio of 4.93 and a beta of 0.98. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $213.85.

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, topping analysts’ consensus estimates of $0.89 by $0.06. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The business’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business 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, research analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Bank of America upgraded Palo Alto Networks from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a report on Tuesday, August 19th. Tigress Financial assumed coverage on Palo Alto Networks in a report on Friday, September 26th. They issued a “buy” rating and a $245.00 price target on the stock. Wedbush restated an “outperform” rating and issued a $225.00 price target on shares of Palo Alto Networks in a report on Monday, September 15th. JMP Securities reiterated a “market outperform” rating and set a $212.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $230.00 target price on shares of Palo Alto Networks in a report on Wednesday, September 3rd. Thirty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Palo Alto Networks presently has an average rating of “Moderate Buy” and a consensus target price of $214.64.

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.