Harel Insurance Investments & Financial Services Ltd. increased its holding in Palo Alto Networks by 10.1% during the third quarter, acquiring an additional 14,670 shares to bring its total stake to 159,639 shares valued at $32.5 million at the end of the period. Other institutional moves included Aviance Capital Partners establishing a new position worth approximately $405,000, Maryland State Retirement & Pension System boosting its stake by 2.6% to 32,756 shares ($6.67 million), Sequoia Financial Advisors expanding by 20.7% to 234,335 shares ($47.7 million), Financial Management Network adding 592 shares to reach 5,718 shares ($1.22 million), and Occidental Asset Management raising its position by 12.5% to 2,236 shares ($455,000). Overall, institutions now account for nearly 79.8% of the company’s shares outstanding.

During the past quarter, executive vice president Dipak Golechha sold 5,000 shares at an average of $188.18 per share for proceeds of $940,900, reducing his direct ownership to 155,119 shares (valued at roughly $29.2 million). Chief accounting officer Josh D. Paul sold 800 shares at an average of $184.81 per share, generating $147,848 and lowering his position to 46,005 shares (approximately $8.5 million). Collectively, corporate insiders have disposed of 382,016 shares representing $76.4 million in the last 90 days, while maintaining a combined 1.4% ownership stake in the company.

In its most recent quarter, Palo Alto Networks reported adjusted earnings per share of $0.93, topping consensus estimates by $0.04, on revenue of $2.47 billion which exceeded forecasts by $10 million and marked a 15.7% year-over-year increase. The company delivered a 17.1% return on equity and an 11.7% net margin over the period. Wall Street sentiment remains positive: of 40 published analyst ratings, 31 are Buy, seven are Hold and two are Sell, with a consensus price target of $229.09. Several firms have recently maintained or raised their objectives, underscoring confidence in the company’s growth trajectory and platform strategy across hybrid and multi-cloud security offerings.