Badgley Phelps Wealth Managers 13F: Cuts PANW Stake by $1.3M
Key Points
- Badgley Phelps Wealth Managers reduced its Palo Alto Networks stake by 1.7% during the quarter, bringing its holding down to 184,584 shares worth about $73.3 million.
- Palo Alto Networks recently traded around $380.70, up about 7.3% from its $354.92 close on the filing date.
- The cybersecurity firm posted $11.48 billion in trailing twelve month revenue alongside an EPS of $0.40.
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Badgley Phelps Wealth Managers trimmed its position in Palo Alto Networks, Inc. PANW by 1.7% during the quarter, shedding 3,304 shares to finish with 184,584 shares. According to a Form 13F filing filed with the SEC on October 22, 2026, the remaining stake was valued at approximately $73.3 million. Palo Alto Networks closed at $354.92 on the filing date.
PANW
Palo Alto Networks, Inc.
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What Changed in Badgley Phelps Wealth Managers's Palo Alto Networks, Inc. Position
Badgley Phelps Wealth Managers lowered its investment by 3,304 shares, moving from a previous total of 187,888 shares down to 184,584 shares. That 1.7% decrease reflects minor portfolio rebalancing during the period. The reported value of the position stood at $73,337,230.
Other Institutional Activity in Palo Alto Networks, Inc.
Other institutional investors also adjusted their positions around the same time. Pinnacle Associates reduced its holdings by 5,349 shares, ending with 74,450 shares worth about $29.6 million. Quilter cut its stake by 183,380 shares, leaving it with 772,229 shares valued at about $306.8 million. PensionDanmark Pensionsforsikringsaktieselskab grew its holdings by 13,079 shares, ending with 136,929 shares worth about $54.4 million. Financial Synergies Wealth Advisors added a new position of 538 shares worth about $213,753. Meanwhile, Banque Pictet & Cie exited its position entirely by selling all 130,587 shares it previously held.
Palo Alto Networks, Inc. Stock Up 9.6%
Palo Alto Networks recently traded around $380.70 as of October 24, 2026, sitting above its 50-day moving average of $370.66. The stock closed at $354.92 on October 22, 2026. Shares have traded between a 52-week low of $139.57 and a 52-week high of $432.33.
Recent Earnings
Palo Alto Networks generated $11.48 billion in trailing twelve month revenue with a net profit margin of 2.7%. The cybersecurity provider reported basic earnings per share of $0.40 over the same period, alongside a return on equity of 1.7%. The company is scheduled to report its next set of financial results on November 19, 2026.
Dividend
Palo Alto Networks currently does not pay a dividend, maintaining a dividend payout ratio of 0.0%.
Insider Buying and Selling at Palo Alto Networks, Inc.
Company insiders made several transactions ahead of the filing. Director James Joseph Goetz sold 20,000 shares on September 17, 2026, worth about $7.5 million. Director Aparna Bawa sold 260 shares on September 24, 2026, at an average price of $392.68 for a total of $102,098. Chief Financial Officer Dipak Golechha sold 27,500 shares on September 24, 2026, valued at approximately $10.8 million. Officer Joshua D. Paul sold 400 shares on October 1, 2026, at $395.70 per share for a total of $158,280.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. BTIG maintained its Buy rating on September 28, 2026, raising its target from $404.00 to $425.00. TD Cowen maintained a Buy rating on October 2, 2026, lifting its target from $400.00 to $440.00. Amerx initiated coverage with a Hold rating on October 8, 2026. Wells Fargo maintained an Overweight rating on October 13, 2026, boosting its target from $475.00 to $525.00. Citigroup maintained a Buy rating on October 15, 2026, increasing its target from $410.00 to $440.00. Overall, the stock carries a consensus buy recommendation from 50 analysts, with a mean price target of $398.52.
About Palo Alto Networks, Inc.
Palo Alto Networks, Inc. builds cybersecurity infrastructure and software for enterprise clients around the globe. Based in Santa Clara, California, the firm provides network security management tools, secure access service edge platforms, and artificial intelligence ecosystem protection solutions to defend digital networks from modern threats.
Bottom Line
Badgley Phelps Wealth Managers holds a sizable stake in Palo Alto Networks even after trimming its position slightly. Investors will look toward the upcoming earnings report on November 19, 2026, for further updates on the company's growth and profitability metrics.
Related Filing Alerts
Source: Badgley Phelps Wealth Managers's 13F filing on $PANW (Oct 22, 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