Brookstone Capital Management 13F: Cuts PANW Stake by $14M

Brookstone Capital Management trimmed its investment in Palo Alto Networks, Inc. PANW by 37.1% during the quarter, shedding 35,563 shares to finish with 60,237 shares worth about $23.9 million in an October 22, 2026 SEC filing.

PANW Palo Alto Networks, Inc.

$347.25 ▲ +93.59% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Brookstone Capital Management's Palo Alto Networks Position

The fund reduced its exposure to the cybersecurity provider significantly, bringing its remaining share count down to 60,237. The disclosed value of the holding sat at roughly $23.9 million at the time of the report. This change reflects a broader pattern of institutional adjustments surrounding the Santa Clara-based software firm.

Other Institutional Activity in Palo Alto Networks

Other institutional investors also adjusted their positions in the cybersecurity firm. RMR Wealth Builders lowered its holdings by 3,280 shares, ending with 20,155 shares worth about $8.0 million. E. Ohman J:or Asset Management cut its stake by 36.9%, reducing its position by 57,700 shares to hold 98,565 shares valued at about $39.2 million. Pinnacle Associates trimmed its holdings by 5,349 shares, or 6.7%, to end with 74,450 shares worth roughly $29.6 million. Quilter reduced its investment by 19.2%, shedding 183,380 shares to wrap up the period with 772,229 shares valued at about $306.8 million. Conversely, PensionDanmark Pensionsforsikringsaktieselskab grew its holdings by 13,079 shares, or 10.6%, closing out the quarter with 136,929 shares worth about $54.4 million.

Palo Alto Networks, Inc. Stock Up 4.3%

Palo Alto Networks, Inc. PANW shares closed at $354.92 on October 22, 2026. The stock recently traded at $354.93, staying roughly flat compared to that filing-date close.

Recent Earnings

Palo Alto Networks, Inc. PANW reported trailing twelve month revenue of $11.5 billion alongside earnings of $0.40 per share. The firm posted a net profit margin of 2.7% and a return on equity of 1.7%. Its next earnings report is scheduled for release on November 19, 2026.

Insider Buying and Selling at Palo Alto Networks, Inc.

Company insiders executed several transactions prior to the filing date. Director James Joseph Goetz sold 20,000 shares on September 17, 2026, for a total value of $7.5 million. Chief Financial Officer Dipak Golechha disposed of 27,500 shares on September 24, 2026, totaling $10.8 million. Director Aparna Bawa sold 260 shares on September 24, 2026, at an average price of $392.68 for $102,098. Officer Joshua D. Paul sold 400 shares on October 1, 2026, at an average price of $395.70, realizing $158,280.

Analysts Set New Price Targets

Wall Street firms updated their views on the software provider ahead of the filing. BTIG maintained a buy rating while raising its price target from $404.00 to $425.00 on September 28, 2026. TD Cowen kept 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, raising its target from $475.00 to $525.00. Citigroup kept a buy rating on October 15, 2026, lifting its target from $410.00 to $440.00. Across the broader analyst community, the stock holds a consensus buy rating with a mean price target of $398.52.

About Palo Alto Networks

Palo Alto Networks, Inc. PANW builds cybersecurity platforms that help organizations secure network infrastructure, cloud environments, and digital operations. Its offerings include secure access tools, cloud management systems, and automated threat detection designed to protect enterprise technology ecosystems.

Bottom Line

Investors will look toward the upcoming earnings release on November 19, 2026, for fresh updates on spending cycles and profit margins. Monitoring subsequent institutional filings will show whether portfolio managers continue trimming positions or return to buying shares.