Alta Capital Management Llc/ 13F: Cuts PANW Stake by $31M
Key Points
- Alta Capital Management's reduction of 78,744 shares represents a 66.9% decrease in its position, now holding 38,951 shares worth $15,475,621.
- Palo Alto Networks shares closed at $390.46 on October 26, and recently traded around $390.54, nearly equal to the event close.
- The company's market cap stands at approximately $319.4 billion, with a high of $432.33 over the past year, indicating current trading is about 9.7% below its 52-week high.
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On October 26, 2026, Alta Capital Management disclosed a reduction in its stake in Palo Alto Networks, Inc. (PANW) by 78,744 shares, leaving it with 38,951 shares valued at approximately $15,475,621. This information comes from the fund's latest Form 13F filing with the SEC.
In this filing, Alta Capital Management's reported value for its holdings in Palo Alto Networks was about $1.07 billion, with this position now representing 1.45% of its total portfolio. The fund ranks 23rd out of 215 positions in its portfolio, with the estimated decrease in value reflecting a significant cut.
PANW
Palo Alto Networks, Inc.
Other Institutional Activity in Palo Alto Networks
Cushing Asset Management, LP dba NXG Investment Management increased its stake in Palo Alto Networks by 5,000 shares, now holding 80,000 shares valued at about $31,784,800.
Palo Alto Networks, Inc. Stock Up 2.6%
Palo Alto Networks shares closed at $390.46 on October 26, 2026, and recently traded around $390.54. This price is about equal to the closing price on the filing date, and the stock is currently above its 50-day moving average by 5.4% and its 200-day moving average by 46.9%.
Recent Earnings
For the trailing twelve months, Palo Alto Networks reported revenue of approximately $11.48 billion with a year-over-year revenue growth of 34.5%. The next earnings report is scheduled for November 19, 2026.
Insider Buying and Selling at Palo Alto Networks, Inc.
In recent months, several insiders sold shares, including Director James Joseph Goetz, who sold 20,000 shares on September 17, 2026, and Chief Financial Officer Dipak Golechha, who sold 27,500 shares on September 24, 2026.
Analysts Set New Price Targets
On September 28, 2026, BTIG maintained a "Buy" rating on Palo Alto Networks with a price target of $425.00. Citigroup also maintained a "Buy" rating with a target of $440.00 on October 15, 2026. The consensus recommendation for the stock remains a "Buy" with a mean price target of $398.52 from 50 analyst opinions.
About Palo Alto Networks
Palo Alto Networks, Inc. provides cybersecurity solutions worldwide, helping protect networks and data across various industries. Its offerings include advanced security solutions for cloud environments and network management, crucial in today's digital landscape.
Bottom Line
Alta Capital Management's decision to cut its stake in Palo Alto Networks could reflect a shift in strategy or market conditions. Investors should watch for the upcoming earnings report on November 19, 2026, for more insights into the company's performance.
Related Filing Alerts
Source: Alta Capital Management Llc/'s 13F filing on $PANW (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts