Bridges Investment Management Inc. Sells 10,996 Shares of Palo Alto Networks, Inc. $PANW

Bridges Investment Management Inc. reduced its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 687,322 shares of the network technology company's stock after selling 10,996 shares during the quarter. Palo Alto Networks makes up approximately 1.8% of Bridges Investment Management Inc.'s holdings, making the stock its 15th largest holding. Bridges Investment Management Inc. owned about 0.10% of Palo Alto Networks worth $139,953,000 at the end of the most recent quarter.Get Palo Alto Networks alerts:Why CrowdStrike’s SGNL Acquisition Matters for CRWD StockA number of other institutional investors and hedge funds also recently bought and sold shares of the business. Exchange Traded Concepts LLC increased its stake in Palo Alto Networks by 29.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 32,155 shares of the network technology company's stock worth $6,547,000 after purchasing an additional 7,301 shares in the last quarter. Silver Oak Securities Incorporated raised its position in Palo Alto Networks by 240.1% in the 3rd quarter. Silver Oak Securities Incorporated now owns 11,732 shares of the network technology company's stock valued at $2,389,000 after buying an additional 8,282 shares during the last quarter. GoalVest Advisory LLC grew its stake in shares of Palo Alto Networks by 1,248.9% during the 3rd quarter. GoalVest Advisory LLC now owns 10,899 shares of the network technology company's stock worth $2,219,000 after acquiring an additional 10,091 shares in the last quarter. Schroder Investment Management Group boosted its holdings in Palo Alto Networks by 7.9% during the second quarter. Schroder Investment Management Group now owns 2,234,551 shares of the network technology company's stock worth $457,279,000 after purchasing an additional 163,718 shares during the last quarter. Finally, Richmond Investment Services LLC increased its stake in Palo Alto Networks by 87.2% in the 2nd quarter. Richmond Investment Services LLC now owns 3,286 shares of the network technology company's stock valued at $672,000 after buying an additional 1,531 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock. Palo Alto Networks Stock PerformanceShares of Palo Alto Networks stock opened at $176.97 on Monday. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $223.61. The stock has a market cap of $123.35 billion, a PE ratio of 112.01, a PEG ratio of 4.22 and a beta of 0.75. The firm has a 50-day moving average of $187.22 and a 200-day moving average of $194.61. 3 Cybersecurity Stocks to Watch in 2026 as Identity and Endpoint ConvergePalo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its earnings results on Thursday, November 20th. The network technology company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. Palo Alto Networks had a net margin of 11.69% and a return on equity of 17.05%. The business's revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.56 EPS. Equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year. Insider Buying and SellingIn other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $188.18, for a total transaction of $940,900.00. Following the sale, the executive vice president directly owned 155,119 shares in the company, valued at $29,190,293.42. This represents a 3.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James J. Goetz sold 12,500 shares of the firm's stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $195.33, for a total transaction of $2,441,625.00. Following the completion of the transaction, the director directly owned 75,184 shares in the company, valued at approximately $14,685,690.72. This represents a 14.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 260,542 shares of company stock valued at $49,910,995. 1.40% of the stock is owned by insiders. Wall Street Analysts Forecast GrowthCrowdStrike Is Still Best-in-Breed—But 2026 May Be a Tough TradeSeveral research analysts recently commented on PANW shares. Needham & Company LLC reissued a "buy" rating and set a $230.00 price target on shares of Palo Alto Networks in a research report on Wednesday, January 28th. Mizuho set a $220.00 target price on shares of Palo Alto Networks in a research note on Tuesday, December 16th. BTIG Research reissued a "buy" rating on shares of Palo Alto Networks in a research report on Wednesday, December 17th. Royal Bank Of Canada raised their price objective on Palo Alto Networks from $232.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, November 12th. Finally, Bank of America lifted their target price on Palo Alto Networks from $215.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, October 20th. Thirty-one analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Palo Alto Networks has an average rating of "Moderate Buy" and a consensus target price of $229.09.View Our Latest Stock Report on PANWPalo Alto Networks Company Profile (Free Report)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.Read MoreFive stocks we like better than Palo Alto NetworksTrump just signed itGOLD ALERTWhat Expenses Can Be Deducted From Capital Gains Tax?Buy this Gold Stock Before May 2026The day the gold market brokeWant to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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