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Palo Alto Networks (NASDAQ:PANW) Chief Accounting Officer Josh D. Paul sold 700 shares of common stock on November 3, 2025, at a price of $219.97, totaling $153,979. The transaction was executed under a Rule 10b5-1 trading plan. The cybersecurity giant, currently valued at $144.28 billion, is trading near its 52-week high of $223.61, according to InvestingPro data.
According to a Form 4 filing with the Securities and Exchange Commission, Paul also acquired 31,201 shares of common stock on November 1, 2025, with a value of $0, and 15,470 shares were withheld by the issuer to cover income tax obligations, valued at $220.24 per share, totaling $3,407,112.
Following these transactions, Paul directly owns 47,505 shares of Palo Alto Networks. The sales were executed by Elizabeth Villalobos, Attorney-in-Fact for Josh D. Paul, according to the filing. The company is currently trading at a high P/E ratio of 125.39 and appears slightly overvalued based on InvestingPro Fair Value analysis. With earnings scheduled for November 13 and revenue growth of 14.87% over the last twelve months, investors can access comprehensive analysis through the Pro Research Report, available exclusively on InvestingPro.
In other recent news, Palo Alto Networks has been active with several new product launches and strategic updates. The company unveiled Cortex AgentiX, a platform designed to enhance security for enterprises deploying AI agents. Additionally, Palo Alto Networks introduced Cortex Cloud 2.0, which features autonomous AI agents and a unified Cloud Command Center aimed at improving cloud security. Another significant release is Prisma AIRS 2.0, which integrates Protect AI technology to secure enterprise AI systems, addressing a market gap where many organizations lack adequate AI security measures.
On the financial front, Citizens raised its price target for Palo Alto Networks to $250, maintaining a Market Outperform rating. This adjustment reflects an increased valuation multiple for the company. Furthermore, TD Cowen analysts included Palo Alto Networks in their recent Software Bus Tour, highlighting the company’s growth strategies and AI adoption. These developments indicate a continued focus on innovation and strategic positioning in the cybersecurity and AI sectors.
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