Palo Alto Networks, Inc. (NASDAQ:PANW – Get Free Report) traded down 1.7% during mid-day trading on Tuesday. The company traded as low as $396.04 and last traded at $397.03. 3,472,362 shares traded hands during trading, a decline of 58% from the average daily volume of 8,204,282 shares. The stock had previously closed at $403.83.
Analyst Upgrades and Downgrades
PANW has been the topic of several analyst reports. Tigress Financial raised their price target on shares of Palo Alto Networks from $245.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Weiss Ratings raised shares of Palo Alto Networks from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $425.00 price target on shares of Palo Alto Networks in a research note on Tuesday, September 8th. Benchmark boosted their target price on Palo Alto Networks from $340.00 to $400.00 and gave the company a “buy” rating in a report on Monday, August 24th. Finally, Evercore reissued an “outperform” rating on shares of Palo Alto Networks in a report on Monday, August 31st. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $393.02.
View Our Latest Stock Analysis on PANW
Palo Alto Networks Stock Down 1.2%
The firm has a market cap of $302.96 billion, a price-to-earnings ratio of 726.18, a PEG ratio of 11.43 and a beta of 0.93. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average price of $372.88 and a 200-day moving average price of $299.16.
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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the company earned $0.95 EPS. The firm’s quarterly revenue was up 34.5% on a year-over-year basis. 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. As a group, sell-side analysts forecast that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.
Insider Transactions at Palo Alto Networks
In other Palo Alto Networks news, Director Aparna Bawa sold 250 shares of the firm’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $412.28, for a total value of $103,070.00. Following the transaction, the director directly owned 4,427 shares of the company’s stock, valued at $1,825,163.56. This trade represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Josh Paul sold 400 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $395.70, for a total transaction of $158,280.00. Following the completion of the sale, the chief accounting officer directly owned 77,987 shares in the company, valued at $30,859,455.90. This represents a 0.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 54,210 shares of company stock worth $20,823,029 in the last quarter. 1.40% of the stock is owned by corporate insiders.
Institutional Trading of Palo Alto Networks
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Palo Alto Networks in the 2nd quarter valued at $25,833,462,000. Legal & General Group Plc acquired a new stake in Palo Alto Networks during the second quarter worth about $1,968,304,000. Bank of New York Mellon Corp bought a new stake in shares of Palo Alto Networks during the 2nd quarter worth approximately $1,569,755,000. Deutsche Bank AG bought a new stake in Palo Alto Networks during the second quarter worth $1,481,236,000. Finally, Bank of America Corp DE grew its position in Palo Alto Networks by 16.0% in the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock valued at $3,603,473,000 after acquiring an additional 3,101,267 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.
About Palo Alto Networks
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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