Highland Capital Management 13F: New $6.4M Stake in PANW

Highland Capital Management disclosed a new position of 16,167 shares in Palo Alto Networks, Inc. (PANW), valued at approximately $6.4 million, in a filing on October 26, 2026. This information comes from the fund's latest Form 13F filing with the SEC.

In this filing, Highland Capital Management's stake in Palo Alto Networks represents about 0.77% of its total reported portfolio, ranking it 16th among the fund's 415 positions. The reported value of the fund's total portfolio is about $833 million.

PANW Palo Alto Networks, Inc.

$390.46 ▲ +117.68% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Other Institutional Activity in Palo Alto Networks

Cushing Asset Management maintained its position in Palo Alto Networks, adding 5,000 shares, which brings its total to 80,000 shares valued at about $31.78 million. Meanwhile, Alta Capital Management reduced its holdings by 78,744 shares, leaving it with 38,951 shares worth about $15.5 million.

Palo Alto Networks, Inc. Stock Up 2.6%

Palo Alto Networks shares recently traded around $390.54, which is about equal to the closing price of $390.46 on October 26, 2026. The stock is currently above its 50-day moving average by 5.4% and well above its 200-day average by 46.9%. However, it is about 9.7% below its 52-week high of $432.33.

Recent Earnings

Palo Alto Networks reported trailing twelve-month revenue of about $11.48 billion, with a year-over-year revenue growth of 34.5%. The company is expected to announce its next earnings on November 19, 2026.

Insider Buying and Selling at Palo Alto Networks, Inc.

Several insiders sold shares recently, including James Joseph Goetz, a Director, who sold 20,000 shares valued at approximately $7.5 million on September 17, 2026. Additionally, Dipak Golechha, the Chief Financial Officer, sold 27,500 shares valued at about $10.8 million on September 24, 2026.

Analysts Set New Price Targets

On September 28, 2026, BTIG maintained a 'Buy' rating for Palo Alto Networks with a price target of $425. On October 2, 2026, TD Cowen also maintained a 'Buy' rating, raising its target to $440. The consensus among analysts is a 'Buy' recommendation with a mean price target of $398.52 from 50 analyst opinions.

About Palo Alto Networks

Palo Alto Networks, Inc. provides cybersecurity solutions across various regions, including the Americas and Europe. The company offers a range of products to protect networks, cloud environments, and AI ecosystems, which is crucial as cybersecurity threats continue to rise.

Bottom Line

Investors should keep an eye on Palo Alto Networks as it approaches its next earnings date on November 19, 2026. The recent filings and analyst ratings suggest ongoing interest in the stock, highlighting the company's position in the growing cybersecurity market.