RMR Wealth Builders 13F: Cuts PANW Stake by $1.3M
Key Points
- RMR Wealth Builders trimmed its position by 3,280 shares to end with 20,155 shares worth about $8.0 million.
- Palo Alto Networks trades near $354.93, with a consensus buy rating and a mean price target of $398.52.
- Wall Street analysts recently adjusted targets, with Wells Fargo raising its target to $525.00.
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In a filing on October 22, 2026, RMR Wealth Builders disclosed a reduction in its holdings of Palo Alto Networks, Inc. PANW. The SEC document shows the firm shed 3,280 shares during the period, marking a 14.0% drop in its portfolio weight.
PANW
Palo Alto Networks, Inc.
What Changed in RMR Wealth Builders's Palo Alto Networks Position
RMR Wealth Builders lowered its stake to 20,155 shares, down from its prior count of 23,435 shares. The remaining block carried a reported value of $8,007,601.00 at the close of the filing period.
Other Institutional Activity in Palo Alto Networks
Other funds also adjusted positions in the cybersecurity provider. Moran Wealth Management trimmed its holdings by 6,669 shares, ending with 60,058 shares worth about $23.9 million. True North Advisors grew its holdings by 1,429 shares, ending with 4,558 shares worth about $1.8 million. Midwest Trust lowered its investment by 15,291 shares, ending with 72,933 shares worth about $29.0 million.
Recent Earnings
Palo Alto Networks reported $11.5 billion in trailing twelve month revenue alongside an EPS of $0.40. The company posts its next earnings report on November 19, 2026.
Insider Buying and Selling at Palo Alto Networks, Inc.
Insiders completed several transactions prior to the filing. Director James Joseph Goetz disposed of 20,000 shares on September 17, 2026. Chief Financial Officer Dipak Golechha sold 27,500 shares on September 24, 2026. Director Aparna Bawa shed 260 shares at $392.68 on September 24, 2026, and officer Joshua D. Paul offloaded 400 shares at $395.70 on October 1, 2026.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. On September 28, 2026, BTIG maintained a Buy rating and raised 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, boosting its target from $475.00 to $525.00. Citigroup maintained a Buy rating on October 15, 2026, moving its target from $410.00 to $440.00. Overall, the stock holds a consensus Buy rating from 50 analysts, with a mean price target of $398.52.
About Palo Alto Networks
Palo Alto Networks, Inc. builds software and hardware for network security, cloud protection, and artificial intelligence safety systems. The Santa Clara company serves enterprise clients worldwide.
Bottom Line
Institutional adjustments and insider transactions provide context on how large holders manage exposure. Investors can review the upcoming earnings release on November 19, 2026, for further financial updates.
Related Filing Alerts
Source: RMR Wealth Builders's 13F filing on $PANW (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts