Quilter 13F: Cuts Palo Alto Networks (PANW) Stake by $73M

Quilter cut its stake in Palo Alto Networks, Inc. PANW by 19.2% during the period, according to a Form 13F filing on October 21, 2026.

PANW Palo Alto Networks, Inc.

$340.28 ▲ +89.71% year to date

1M 3M YTD

Daily close · Oct 20, 2026

What Changed in Quilter's Palo Alto Networks Position

The firm sold 183,380 shares of the cybersecurity provider, leaving it with a total of 772,229 shares. The remaining position was worth roughly $306.8 million at the end of the reporting period. In the prior quarter, the fund held 955,609 shares.

Other Institutional Activity in Palo Alto Networks

Pinnacle Associates reduced its holdings by 5,349 shares, ending with 74,450 shares worth about $29.6 million.

Palo Alto Networks, Inc. Stock Up 4.7%

Palo Alto Networks, Inc. shares recently traded around $347.17 as of October 22, 2026, which is about equal to its closing price of $347.25 on the filing date. The stock has experienced a wide 52-week range, reaching a low of $139.57 and a high of $432.33.

Recent Earnings

Palo Alto Networks reported trailing twelve month revenue of $11.48 billion alongside earnings of $0.40 per share. The security software provider posted a net profit margin of 2.7% and a return on equity of 1.7%. Investors will watch the upcoming earnings release on November 19, 2026 for further updates on revenue growth and profitability.

Insider Buying and Selling at Palo Alto Networks, Inc.

Company insiders executed several stock sales prior to the filing. Director Aparna Bawa sold 260 shares on September 24, 2026 for $392.68 per share, followed by another sale of 250 shares on October 9, 2026 at $412.28 per share. Chief Financial Officer Dipak Golechha sold 27,500 shares on September 24, 2026. Officer Joshua D. Paul also sold 400 shares on October 1, 2026 for $395.70 per share.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. BTIG maintained a 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, increasing its target from $475.00 to $525.00. Citigroup maintained a buy rating on October 15, 2026, raising its target from $410.00 to $440.00. Overall the stock carries a consensus buy rating and a mean price target of $398.52.

About Palo Alto Networks

Palo Alto Networks, Inc. builds software and hardware tools that protect computer networks, cloud environments, and digital assets from modern cyber threats. Its product lineup includes secure access tools, cloud management platforms, and artificial intelligence security frameworks used by organizations across the globe. As businesses move more workloads to digital spaces, the firm remains a central player in enterprise defense.

Bottom Line

Institutional adjustments like Quilter's reduction offer a window into how major investors manage large technology allocations. Market participants will monitor upcoming earnings results and ongoing insider transactions to gauge near-term momentum.