Palo Alto Networks (PANW) is down 3.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely explanation is a sector-specific pullback and profit-taking rather than a fresh company-specific negative announcement. Palo Alto Networks has not posted a new investor-relations press release since late June, and no new July 21 filing appears to explain the sell-off, which suggests investors may be reacting to valuation concerns after the stock’s strong run and to softer sentiment across cybersecurity names. ([investors.paloaltonetworks.com](https://investors.paloaltonetworks.com/news-and-events/news-releases?utm_source=openai))

Details:

Sources:

SEC, Palo Alto Networks Investor Relations, Investing.com, Market data ([sec.gov](https://www.sec.gov/Archives/edgar/data/1327567/000132756726000012/0001327567-26-000012-index.htm?utm_source=openai))

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$PANW Insider Trading Activity

$PANW insiders have traded $PANW stock on the open market 30 times in the past 6 months. Of those trades, 2 have been purchases and 28 have been sales.

Here’s a breakdown of recent trading of $PANW stock by insiders over the last 6 months:

• NIKESH ARORA (Chief Executive Officer) has made 2 purchases buying 68,085 shares for an estimated $9,999,976 and 0 sales.
• JAMES J GOETZ has made 0 purchases and 7 sales selling 42,684 shares for an estimated $9,327,421.
• JOHN P. KEY has made 0 purchases and 2 sales selling 9,072 shares for an estimated $2,366,759.
• DIPAK GOLECHHA (EVP, Chief Financial Officer) has made 0 purchases and 9 sales selling 10,000 shares for an estimated $2,249,901.
• APARNA BAWA has made 0 purchases and 7 sales selling 2,735 shares for an estimated $802,475.
• JOSH D. PAUL (Chief Accounting Officer) has made 0 purchases and 2 sales selling 2,000 shares for an estimated $488,040.
• HELLE THORNING-SCHMIDT sold 700 shares for an estimated $242,795

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$PANW Hedge Fund Activity

We have seen 1,373 institutional investors add shares of $PANW stock to their portfolio, and 1,033 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• BLACKROCK, INC. added 12,868,452 shares (+21.6%) to their portfolio in Q1 2026, for an estimated $2,048,142,820
• STATE STREET CORP added 5,154,613 shares (+17.0%) to their portfolio in Q1 2026, for an estimated $820,408,205
• GEODE CAPITAL MANAGEMENT, LLC added 3,334,258 shares (+20.9%) to their portfolio in Q1 2026, for an estimated $530,680,503
• BANK OF AMERICA CORP /DE/ added 3,101,267 shares (+16.0%) to their portfolio in Q1 2026, for an estimated $493,597,655
• HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD. added 2,605,433 shares (+1665.1%) to their portfolio in Q1 2026, for an estimated $414,680,716
• AMUNDI added 2,528,299 shares (+67.1%) to their portfolio in Q1 2026, for an estimated $402,404,068
• UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 1,969,661 shares (+32.3%) to their portfolio in Q1 2026, for an estimated $313,491,244

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$PANW Congressional Stock Trading

Members of Congress have traded $PANW stock 9 times in the past 6 months. Of those trades, 6 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $PANW stock by members of Congress over the last 6 months:

• REPRESENTATIVE DAN NEWHOUSE sold up to $15,000 on 07/10.
• REPRESENTATIVE JOSH GOTTHEIMER has traded it 2 times. They made 1 purchase worth up to $15,000 on 05/14 and 1 sale worth up to $15,000 on 02/27.
• REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 2 purchases worth up to $30,000 on 04/14, 03/13 and 0 sales.
• REPRESENTATIVE JARED MOSKOWITZ has traded it 3 times. They made 3 purchases worth up to $45,000 on 03/31, 03/23 and 0 sales.
• REPRESENTATIVE JONATHAN L. JACKSON sold up to $100,000 on 02/05.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$PANW Analyst Ratings

Wall Street analysts have issued reports on $PANW in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

• BTIG issued a "Buy" rating on 06/30/2026
• Citigroup issued a "Buy" rating on 06/03/2026
• Needham issued a "Buy" rating on 02/18/2026
• Morgan Stanley issued a "Overweight" rating on 02/18/2026

To track analyst ratings and price targets for $PANW, check out Quiver Quantitative's $PANW forecast page.

$PANW Price Targets

Multiple analysts have issued price targets for $PANW recently. We have seen 33 analysts offer price targets for $PANW in the last 6 months, with a median target of $330.0.

Here are some recent targets:

• Peter Levine from Evercore ISI Group set a target price of $320.0 on 07/08/2026
• Mike Cikos from Needham set a target price of $425.0 on 07/07/2026
• Michael Turrin from Wells Fargo set a target price of $420.0 on 07/01/2026
• Gray Powell from BTIG set a target price of $380.0 on 06/30/2026
• Yun Kim from Loop Capital set a target price of $290.0 on 06/03/2026
• Patrick Colville from Scotiabank set a target price of $320.0 on 06/03/2026
• Saket Kalia from Barclays set a target price of $315.0 on 06/03/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.

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