Palo Alto Networks, Inc. $PANW Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. lessened its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 23.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,901 shares of the network technology company’s stock after selling 3,890 shares during the period. Centaurus Financial Inc.’s holdings in Palo Alto Networks were worth $2,068,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake in Palo Alto Networks by 147.7% during the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after buying an additional 4,031 shares in the last quarter. Bison Wealth LLC raised its position in Palo Alto Networks by 169.1% in the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after acquiring an additional 3,275 shares in the last quarter. Sivia Capital Partners LLC raised its position in Palo Alto Networks by 66.3% in the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock worth $713,000 after acquiring an additional 1,389 shares in the last quarter. Osterweis Capital Management Inc. lifted its holdings in Palo Alto Networks by 11,100.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company’s stock valued at $115,000 after acquiring an additional 555 shares during the last quarter. Finally, Main Street Financial Solutions LLC lifted its holdings in Palo Alto Networks by 6.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company’s stock valued at $900,000 after acquiring an additional 249 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the transaction, the director owned 20,000 shares of the company’s stock, valued at $5,598,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Lee Klarich sold 62,904 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $258.65, for a total value of $16,270,119.60. Following the completion of the transaction, the executive vice president owned 235,983 shares in the company, valued at $61,037,002.95. This represents a 21.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 101,239 shares of company stock valued at $27,174,360 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PANW. Berenberg Bank lifted their price objective on shares of Palo Alto Networks from $290.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Needham & Company LLC raised their target price on shares of Palo Alto Networks from $350.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Wedbush raised their target price on shares of Palo Alto Networks from $300.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. UBS Group set a $300.00 price target on shares of Palo Alto Networks and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $387.00 price objective (up from $320.00) on shares of Palo Alto Networks in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $331.48.

Palo Alto Networks Stock Performance

Palo Alto Networks stock opened at $325.68 on Friday. The firm’s 50 day simple moving average is $306.57 and its 200-day simple moving average is $221.46. The company has a market cap of $265.43 billion, a P/E ratio of 266.95, a price-to-earnings-growth ratio of 11.66 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $368.80.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the firm earned $0.37 EPS. The firm’s quarterly revenue was up 31.1% on a year-over-year basis. 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. As a group, equities research analysts predict that Palo Alto Networks, Inc. will post 2.03 EPS 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.