Grimes & Company Inc. Has $372,000 Stock Holdings in Palo Alto Networks, Inc. $PANW

Grimes & Company Inc. raised its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 38.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,817 shares of the network technology company’s stock after acquiring an additional 507 shares during the quarter. Grimes & Company Inc.’s holdings in Palo Alto Networks were worth $372,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. St. Clair Advisors LLC lifted its stake in Palo Alto Networks by 0.3% in the second quarter. St. Clair Advisors LLC now owns 15,800 shares of the network technology company’s stock valued at $3,233,000 after acquiring an additional 50 shares during the last quarter. Csenge Advisory Group lifted its stake in Palo Alto Networks by 2.4% in the first quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company’s stock valued at $381,000 after acquiring an additional 53 shares during the last quarter. TFG Advisers LLC lifted its stake in Palo Alto Networks by 1.1% in the second quarter. TFG Advisers LLC now owns 4,668 shares of the network technology company’s stock valued at $955,000 after acquiring an additional 53 shares during the last quarter. GSG Advisors LLC lifted its stake in Palo Alto Networks by 0.4% in the first quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company’s stock valued at $2,154,000 after acquiring an additional 54 shares during the last quarter. Finally, SYM FINANCIAL Corp lifted its stake in Palo Alto Networks by 1.4% in the first quarter. SYM FINANCIAL Corp now owns 4,047 shares of the network technology company’s stock valued at $691,000 after acquiring an additional 55 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Nir Zuk sold 100,000 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $172.80, for a total value of $17,280,000.00. Following the completion of the transaction, the executive vice president owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. This represents a 3.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Nikesh Arora sold 846,408 shares of the stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the completion of the transaction, the chief executive officer owned 275,013 shares of the company’s stock, valued at approximately $56,119,152.78. This represents a 75.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,315,130 shares of company stock valued at $260,687,367 in the last three months. 2.50% of the stock is owned by insiders.

Analyst Ratings Changes

PANW has been the subject of a number of analyst reports. Jefferies Financial Group set a $235.00 target price on shares of Palo Alto Networks in a research note on Tuesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $232.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Rosenblatt Securities reduced their price objective on shares of Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, August 14th. BMO Capital Markets boosted their price objective on shares of Palo Alto Networks from $217.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Finally, Guggenheim boosted their price objective on shares of Palo Alto Networks from $130.00 to $135.00 and gave the stock a “sell” rating in a research note on Tuesday, August 19th. Twenty-eight equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $214.95.

Palo Alto Networks Trading Down 0.7%

Shares of PANW stock opened at $211.04 on Wednesday. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $214.02. The firm’s fifty day simple moving average is $190.70 and its 200 day simple moving average is $188.60. The firm has a market capitalization of $141.16 billion, a P/E ratio of 131.49, a price-to-earnings-growth ratio of 5.06 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Palo Alto Networks’s revenue was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Equities research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

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.