TrueWealth Advisors LLC Has $628,000 Stock Holdings in Palo Alto Networks, Inc. $PANW

TrueWealth Advisors LLC reduced its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 60.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,841 shares of the network technology company’s stock after selling 2,847 shares during the period. TrueWealth Advisors LLC’s holdings in Palo Alto Networks were worth $628,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RVW Wealth LLC bought a new position in Palo Alto Networks in the 2nd quarter valued at approximately $342,000. Elmwood Wealth Management Inc. grew its holdings in Palo Alto Networks by 3.4% during the 2nd quarter. Elmwood Wealth Management Inc. now owns 5,917 shares of the network technology company’s stock worth $2,018,000 after acquiring an additional 196 shares during the last quarter. Czech National Bank grew its holdings in Palo Alto Networks by 4.9% during the 2nd quarter. Czech National Bank now owns 230,842 shares of the network technology company’s stock worth $78,722,000 after acquiring an additional 10,766 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab increased its position in Palo Alto Networks by 27.4% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 123,850 shares of the network technology company’s stock valued at $42,235,000 after acquiring an additional 26,644 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Palo Alto Networks by 93.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 901,261 shares of the network technology company’s stock valued at $307,348,000 after acquiring an additional 435,416 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insiders Place Their Bets

In other news, Director Aparna Bawa sold 290 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $348.74, for a total transaction of $101,134.60. Following the transaction, the director owned 6,437 shares in the company, valued at approximately $2,244,839.38. This represents a 4.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the transaction, the executive vice president directly owned 145,250 shares in the company, valued at $42,058,590. This trade represents a 3.33% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 101,239 shares of company stock valued at $27,174,360. 1.40% of the stock is currently owned by corporate insiders.

Palo Alto Networks Trading Up 1.2%

Shares of PANW stock opened at $363.86 on Friday. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $376.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a 50 day simple moving average of $317.88 and a two-hundred day simple moving average of $228.20. The company has a market cap of $296.55 billion, a P/E ratio of 298.25, a PEG ratio of 12.06 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.79 by $0.06. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. Research analysts forecast that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PANW. UBS Group set a $300.00 price target on shares of Palo Alto Networks and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Truist Financial boosted their price objective on shares of Palo Alto Networks from $275.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. BTIG Research increased their price objective on Palo Alto Networks from $333.00 to $380.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Piper Sandler reaffirmed an “overweight” rating and set a $345.00 target price (up from $265.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, Robert W. Baird set a $320.00 target price on Palo Alto Networks in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $333.76.

Palo Alto Networks Company Profile

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.