Zevenbergen Capital Investments LLC Reduces Stock Holdings in Palo Alto Networks, Inc. $PANW

Zevenbergen Capital Investments LLC lowered its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 11.8% during the third quarter, Holdings Channel reports. The fund owned 361,137 shares of the network technology company’s stock after selling 48,271 shares during the quarter. Palo Alto Networks makes up 1.4% of Zevenbergen Capital Investments LLC’s holdings, making the stock its 21st largest holding. Zevenbergen Capital Investments LLC’s holdings in Palo Alto Networks were worth $73,535,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new stake in Palo Alto Networks during the 2nd quarter worth about $25,000. Whipplewood Advisors LLC boosted its stake in shares of Palo Alto Networks by 6,400.0% in the second quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company’s stock worth $27,000 after buying an additional 128 shares during the last quarter. Briaud Financial Planning Inc purchased a new stake in shares of Palo Alto Networks in the second quarter worth about $28,000. Howard Hughes Medical Institute acquired a new stake in Palo Alto Networks during the second quarter worth about $29,000. Finally, MTM Investment Management LLC purchased a new position in Palo Alto Networks during the second quarter valued at approximately $31,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PANW has been the topic of several recent research reports. Sanford C. Bernstein upped their price objective on Palo Alto Networks from $207.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Barclays raised their price target on shares of Palo Alto Networks from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. DA Davidson set a $240.00 price objective on shares of Palo Alto Networks in a report on Friday. Tigress Financial initiated coverage on shares of Palo Alto Networks in a research note on Friday, September 26th. They set a “buy” rating and a $245.00 target price on the stock. Finally, Westpark Capital restated a “hold” rating on shares of Palo Alto Networks in a research report on Thursday, November 20th. Thirty-one analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $226.20.

Insider Transactions at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $191.91, for a total transaction of $23,177,738.34. Following the completion of the sale, the executive vice president directly owned 327,645 shares in the company, valued at approximately $62,878,351.95. The trade was a 26.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 value of $172,718,016.48. Following the completion of the transaction, the chief executive officer directly owned 275,013 shares of the company’s stock, valued at approximately $56,119,152.78. This represents a 75.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,228,330 shares of company stock valued at $251,702,305. Insiders own 1.40% of the company’s stock.

Trending Headlines about Palo Alto Networks

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

• Positive Sentiment: Major strategic deal — Palo Alto expanded its partnership with Google Cloud in a multibillion‑dollar agreement (reported as approaching $10B) that includes migrating key internal workloads and deepening cloud/AI security integration; this is being viewed as a material revenue and go‑to‑market catalyst. Google Cloud lands deal with Palo Alto Networks
• Positive Sentiment: Company release and partner messaging reinforce the Reuters report, highlighting expanded cloud + AI security offerings and joint go‑to‑market programs that could accelerate enterprise adoption. Palo Alto Networks and Google Cloud Forge Landmark Agreement
• Positive Sentiment: Analyst support increased — JPMorgan reinstated coverage with an Overweight rating and $235 PT, and other outlets noted a $250 price target lift, signaling renewed analyst conviction that could attract buyers. JPMorgan Reinstates Palo Alto Networks With Overweight Rating
• Positive Sentiment: Product momentum — Zacks highlights Cortex XSIAM landing larger deals and higher‑spend customers, implying a potential new growth engine that could lift ARR and margins over time. Can Cortex XSIAM Become Palo Alto Networks’ Next Major Growth Engine?
• Neutral Sentiment: Investor attention and monitoring — Zacks notes elevated user interest and recent earnings was modestly followed by a small stock move; this keeps PANW on watch lists but doesn’t by itself change fundamentals. Palo Alto Networks, Inc. is Attracting Investor Attention
• Neutral Sentiment: Short‑term earnings context — a Zacks note observed the stock is only slightly up since the last earnings release, suggesting the market is parsing guidance and execution details rather than reacting strongly yet. Palo Alto (PANW) Up 0.4% Since Last Earnings Report
• Negative Sentiment: Insider selling — recent reports show insiders sold roughly $5M in PANW stock, which some investors interpret as a cautionary signal about near‑term insider confidence. Insiders At Palo Alto Networks Sold US$5.0m In Stock

Palo Alto Networks Stock Up 0.5%

PANW stock opened at $186.88 on Friday. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $223.61. The firm has a 50-day simple moving average of $201.95 and a 200-day simple moving average of $197.32. The stock has a market capitalization of $130.26 billion, a P/E ratio of 118.28, a P/E/G ratio of 4.40 and a beta of 0.79.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Thursday, November 20th. 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 firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the company posted $1.56 EPS. Palo Alto Networks’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

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.