WINTON GROUP Ltd cut its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 39.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,829 shares of the network technology company’s stock after selling 7,775 shares during the quarter. WINTON GROUP Ltd’s holdings in Palo Alto Networks were worth $4,034,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of PANW. Darwin Wealth Management LLC acquired a new stake in shares of Palo Alto Networks in the second quarter worth $25,000. Knuff & Co LLC acquired a new position in Palo Alto Networks during the fourth quarter valued at $26,000. Solstein Capital LLC acquired a new position in Palo Alto Networks during the second quarter valued at $26,000. Sittner & Nelson LLC boosted its holdings in Palo Alto Networks by 73.8% in the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 62 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in Palo Alto Networks in the second quarter valued at $27,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Palo Alto Networks
In related news, Director Aparna Bawa sold 290 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $348.74, for a total value of $101,134.60. Following the completion of the sale, the director owned 6,437 shares of the company’s stock, valued at approximately $2,244,839.38. The trade was a 4.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Helle Thorning-Schmidt sold 700 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total transaction of $242,795.00. Following the transaction, the director owned 5,898 shares of the company’s stock, valued at $2,045,721.30. This represents a 10.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,667 shares of company stock worth $3,058,443 in the last quarter. 1.40% of the stock is owned by insiders.
Palo Alto Networks Stock Up 1.0%
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last posted its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%.The business’s revenue was up 34.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 earnings per share. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. Analysts predict that Palo Alto Networks, Inc. will post 2.28 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on PANW. Arete Research lifted their price objective on Palo Alto Networks from $185.00 to $433.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Susquehanna upped their target price on Palo Alto Networks from $350.00 to $415.00 and gave the stock a “positive” rating in a research note on Wednesday, September 2nd. Stifel Nicolaus set a $415.00 target price on Palo Alto Networks and gave the stock a “buy” rating in a report on Wednesday, August 19th. William Blair reiterated an “outperform” rating on shares of Palo Alto Networks in a research report on Tuesday, June 16th. Finally, Loop Capital boosted their price target on Palo Alto Networks from $290.00 to $350.00 and gave the company a “hold” rating in a report on Friday, August 21st. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and a consensus target price of $386.32.
Read Our Latest Stock Report on Palo Alto Networks
About Palo Alto Networks
Palo Alto Networks, Inc is a cybersecurity company that provides security products and services to businesses, governments and other organizations worldwide. The company helps customers protect networks, cloud environments, endpoints, applications and connected devices from cyber threats.
Its portfolio includes next-generation firewalls and network security technologies, as well as cloud-delivered security solutions such as Prisma Access and Prisma Cloud. Palo Alto Networks also offers Cortex products for endpoint protection, security operations, threat detection and response, and automation.
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