NTV Asset Management 13F: Cuts PANW Stake by $790K

NTV Asset Management trimmed its holdings in Palo Alto Networks, Inc. PANW by 20.2% during the quarter, shedding 1,988 shares to leave its stake at 7,841 shares. The filing was made public on October 23, 2026, showing a total reported value of $3,115,308 for the remaining shares. Palo Alto Networks closed at $380.55 on the day of the filing.

PANW Palo Alto Networks, Inc.

$354.92 ▲ +97.87% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in NTV Asset Management's Palo Alto Networks Position

Before this filing, NTV Asset Management owned 9,829 shares of the cybersecurity firm. The reduction of 1,988 shares brings its total down to 7,841 shares worth about $3.11 million.

Other Institutional Activity in Palo Alto Networks

Other large funds also adjusted their positions in the cybersecurity firm around the same time. E. Ohman J:or Asset Management cut its holdings by 57,700 shares, ending with 98,565 shares worth about $39,160,860. Pinnacle Associates reduced its stake by 5,349 shares, or 6.7%, to hold 74,450 shares valued at about $29,579,730. Quilter trimmed its position by 183,380 shares, marking a 19.2% decrease to 772,229 shares worth about $306,814,305. Badgley Phelps Wealth Managers lowered its holdings by 3,304 shares, or 1.8%, leaving it with 184,584 shares valued at about $73,337,230. Finally, Moran Wealth Management reduced its stake by 6,669 shares, or 10.0%, ending with 60,058 shares worth about $23,861,644.

Palo Alto Networks, Inc. Stock Up 9.6%

Palo Alto Networks recently traded around $380.70 as of October 24, 2026. That puts the stock about equal to its $380.55 close on the filing date and 11.9% below its 52-week high of $432.33. The shares trade well above their 200-day moving average of $263.97.

Recent Earnings

The company posted trailing twelve month revenue of $11.48 billion alongside earnings of $0.40 per share. Its net profit margin stood at 2.7% with a return on equity of 1.7%. Market participants will watch the upcoming earnings release on November 19, 2026 for fresh details.

Insider Buying and Selling at Palo Alto Networks, Inc.

Company insiders executed several transactions prior to the filing. Director James Joseph Goetz sold 20,000 shares for a total value of $7,533,686 on September 17, 2026. Director Aparna Bawa sold 260 shares at an average price of $392.68 on September 24, 2026. Chief Financial Officer Dipak Golechha sold 27,500 shares for a total value of $10,769,137 on September 24, 2026. Officer Joshua D. Paul sold 400 shares at an average price of $395.70 on October 1, 2026, for a total of $158,280.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock across September and October 2026. On September 28, 2026, BTIG maintained its buy rating while lifting its price target from $404.00 to $425.00. TD Cowen kept a buy rating on October 2, 2026, raising 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, lifting its target from $475.00 to $525.00. Citigroup kept a buy rating on October 15, 2026, raising 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

Palo Alto Networks, Inc. builds cybersecurity tools that protect cloud networks, computer systems, and digital assets for businesses across the globe. Its software platforms help security teams spot digital threats and defend corporate networks from attacks.

Bottom Line

Investors are keeping an eye on upcoming earnings scheduled for November 19, 2026. Further institutional reports will show how other major funds adjusted their holdings heading into the end of the year.