Generate Investment Management Ltd reduced its position in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 98.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 735 shares of the network technology company’s stock after selling 58,060 shares during the period. Generate Investment Management Ltd’s holdings in Palo Alto Networks were worth $292,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Grove Bank & Trust raised its position in Palo Alto Networks by 7.0% during the third quarter. Grove Bank & Trust now owns 472 shares of the network technology company’s stock valued at $188,000 after acquiring an additional 31 shares in the last quarter. Riversedge Advisors LLC grew its position in Palo Alto Networks by 2.5% in the third quarter. Riversedge Advisors LLC now owns 1,285 shares of the network technology company’s stock worth $511,000 after acquiring an additional 31 shares in the last quarter. Trilogy Capital Inc. increased its stake in shares of Palo Alto Networks by 1.8% during the 2nd quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company’s stock worth $725,000 after purchasing an additional 37 shares during the last quarter. Wisconsin Wealth Advisors LLC increased its stake in shares of Palo Alto Networks by 1.2% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 3,206 shares of the network technology company’s stock worth $1,093,000 after purchasing an additional 38 shares during the last quarter. Finally, Orrstown Financial Services Inc. raised its holdings in shares of Palo Alto Networks by 1.2% during the 2nd quarter. Orrstown Financial Services Inc. now owns 3,197 shares of the network technology company’s stock valued at $1,090,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.
Insiders Place Their Bets
In other Palo Alto Networks news, CAO Josh D. Paul sold 400 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $395.70, for a total value of $158,280.00. Following the sale, the chief accounting officer directly owned 77,987 shares in the company, valued at $30,859,455.90. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dipak Golechha sold 27,500 shares of Palo Alto Networks stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $391.60, for a total value of $10,769,000.00. Following the sale, the executive vice president directly owned 117,750 shares in the company, valued at approximately $46,110,900. This trade represents a 18.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 54,210 shares of company stock valued at $20,823,029 in the last 90 days. 1.40% of the stock is currently owned by corporate insiders.
Palo Alto Networks Stock Performance
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last issued its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.98 by $0.04. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The company’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 EPS. 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. On average, equities analysts forecast that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. William Blair reiterated an “outperform” rating on shares of Palo Alto Networks in a report on Tuesday, June 16th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $525.00 target price (up from $475.00) on shares of Palo Alto Networks in a research report on Monday. New Street Research set a $415.00 price target on Palo Alto Networks in a report on Tuesday, August 18th. BNP Paribas Exane lifted their price target on shares of Palo Alto Networks from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. Finally, Wedbush assumed coverage on shares of Palo Alto Networks in a research report on Friday, September 11th. They issued an “outperform” rating and a $400.00 price target on the stock. Thirty-eight analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $392.38.
Read Our Latest Stock Analysis on Palo Alto Networks
Palo Alto Networks Profile
Palo Alto Networks, Inc is a cybersecurity company that provides solutions designed to help organizations protect networks, endpoints, cloud environments, applications and users from cyber threats. Its offerings include next-generation firewalls, cloud-delivered security services, secure access service edge (SASE) solutions, endpoint protection and security operations tools.
The company also provides platforms and services for cloud security, threat intelligence, incident response, vulnerability management and the automation of security operations.
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