Palo Alto Networks, Inc. $PANW Shares Acquired by QRG Capital Management Inc.

23 Sep 2026, 19:15 by Jessica Moore · The Cerbat Gem

QRG Capital Management Inc. increased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 20.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 103,822 shares of the network technology company’s stock after acquiring an additional 17,982 shares during the period. QRG Capital Management Inc.’s holdings in Palo Alto Networks were worth $35,405,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PANW. Solstein Capital LLC purchased a new stake in shares of Palo Alto Networks during the second quarter worth about $26,000. Sittner & Nelson LLC lifted its stake in Palo Alto Networks by 73.8% in the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after buying an additional 62 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Palo Alto Networks in the 2nd quarter worth about $27,000. Delos Wealth Advisors LLC purchased a new stake in Palo Alto Networks during the 2nd quarter worth approximately $28,000. Finally, Principia Wealth Advisory LLC raised its holdings in shares of Palo Alto Networks by 125.0% during the second quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock valued at $28,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PANW. Wolfe Research restated an “outperform” rating and issued a $320.00 target price on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Roth Capital reissued a “neutral” rating and issued a $300.00 price objective (up from $210.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. raised their price objective on Palo Alto Networks from $326.00 to $384.00 and gave the company an “overweight” rating in a report on Tuesday, August 25th. Arete Research lifted their target price on shares of Palo Alto Networks from $185.00 to $433.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, Robert W. Baird set a $420.00 target price on shares of Palo Alto Networks and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. Thirty-eight equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $390.02.

Read Our Latest Analysis on Palo Alto Networks

Palo Alto Networks Trading Up 5.0%

NASDAQ:PANW traded up $18.73 during trading hours on Wednesday, hitting $393.30. The company had a trading volume of 6,265,162 shares, compared to its average volume of 8,469,270. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average of $354.19 and a 200 day moving average of $272.87. The company has a market cap of $321.72 billion, a P/E ratio of 771.19, a P/E/G ratio of 10.70 and a beta of 0.91. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $398.88.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last issued its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%.The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the company earned $0.95 EPS. The company’s revenue for the quarter was up 34.5% on a year-over-year basis. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. Sell-side analysts expect that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Insider Activity

In other news, Director John Key sold 2,500 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $376.03, for a total value of $940,075.00. Following the completion of the sale, the director owned 10,000 shares of the company’s stock, valued at $3,760,300. This represents a 20.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James J. Goetz sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total transaction of $7,533,600.00. The SEC filing for this sale provides additional information. Insiders sold 28,322 shares of company stock valued at $10,546,409 in the last quarter. Insiders own 1.40% of the company’s stock.

Key Palo Alto Networks News

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

Positive Sentiment: AI-powered security launch: Palo Alto Networks introduced Unit 42 Continuous Frontier AI Defense, an agentic offensive-security service that continuously identifies, validates and helps remediate enterprise vulnerabilities before attackers can exploit them. The platform uses gated models from Anthropic and OpenAI, including Claude Mythos and GPT-5.6, strengthening PANW’s positioning in AI-driven cybersecurity. Reuters article
Positive Sentiment: Evidence of AI-security demand: Palo Alto Networks’ Prisma AIRS product surpassed $100 million in annual recurring revenue, with rapid customer adoption suggesting that enterprises are increasing spending to secure AI applications and expanding attack surfaces. Zacks article
Positive Sentiment: Cybersecurity-sector momentum: PANW gained alongside CrowdStrike, Okta and Palantir while broader large-cap technology stocks weakened. The sector strength indicates investors are treating cybersecurity as a mission-critical, relatively defensive area of software spending. 247WallSt article
Neutral Sentiment: Valuation remains demanding: PANW is near its 52-week high and trades at a very elevated earnings multiple. Strong growth in AI security may support the premium, but the valuation leaves the stock vulnerable if adoption or execution disappoints.
Negative Sentiment: Insider selling: Director James Goetz sold 20,000 shares for approximately $7.5 million. The transaction is a modest cautionary signal, although a single director sale does not necessarily indicate a change in the company’s fundamentals. InsiderTrades article

About Palo Alto Networks

(Free Report)

Palo Alto Networks, Inc is a cybersecurity company that provides security products and services to businesses, governments and other organizations worldwide. The company helps customers protect networks, cloud environments, endpoints, applications and connected devices from cyber threats.