E. Ohman J:or Asset Management 13F: Cuts PANW Stake by $23M

In a Form 13F filing on October 22, 2026, E. Ohman J:or Asset Management disclosed that it lowered its stake in Palo Alto Networks, Inc. (NASDAQ:PANW). The position reduction comes as cybersecurity firms navigate shifting valuations and market demand.

PANW Palo Alto Networks, Inc.

$340.28 ▲ +89.71% year to date

1M 3M YTD

Daily close · Oct 20, 2026

What Changed in E. Ohman J:or's Palo Alto Networks Position

E. Ohman J:or Asset Management cut its holdings in Palo Alto Networks by 36.9% during the period. The fund sold off 57,700 shares, leaving it with 98,565 shares. The remaining stake carried a reported value of about $39.16 million at the time of the disclosure. In its prior filing, the fund held 156,265 shares.

Palo Alto Networks, Inc. Stock Up 4.7%

Palo Alto Networks closed at $354.92 on October 22, 2026, and recently traded around $356.39 as of that date. The stock sits about 17.6% below its 52-week high of $432.33, though it remains up significantly from its 52-week low of $139.57. The shares trade below their 50-day moving average of $371.30 while staying above their 200-day moving average of $263.12.

Recent Earnings

Palo Alto Networks reported trailing-twelve-month revenue of $11.48 billion and trailing earnings per share of $0.40. The company recorded a net profit margin of 2.7% and a return on equity of 1.7%. Investors look toward the next earnings report, scheduled for November 19, 2026.

Insider Buying and Selling at Palo Alto Networks, Inc.

Company insiders completed several stock sales ahead of the filing. Director James Joseph Goetz sold 20,000 shares on September 17, 2026, for a total value of about $7.53 million. Chief Financial Officer Dipak Golechha sold 27,500 shares on September 24, 2026, valued at approximately $10.77 million. Director Aparna Bawa disposed of 260 shares at $392.68 per share on September 24, 2026, totaling $102,098. Finally, officer Joshua D. Paul sold 400 shares at $395.70 each on October 1, 2026, amounting to $158,280.

Analysts Set New Price Targets

Wall Street firms updated their views on the cybersecurity provider through September and October. On September 28, 2026, BTIG maintained its buy rating and raised its target from $404.00 to $425.00. 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, boosting its target from $475.00 to $525.00. Citigroup kept a buy rating on October 15, 2026, taking its target from $410.00 to $440.00. The stock carries a consensus buy rating and a mean price target of $398.52 across 50 analyst opinions.

About Palo Alto Networks

Palo Alto Networks provides enterprise cybersecurity tools across the globe. Its portfolio covers network security management via Strata Cloud Manager, secure access service edge through Prisma Access, and artificial intelligence ecosystem defense via Prisma AIRS. The firm operates from its headquarters in Santa Clara, California.

Bottom Line

Palo Alto Networks enters the final stretch of the year with institutional changes and upcoming earnings on November 19, 2026. Observers will monitor whether institutional interest stabilizes as the company approaches its next financial results.