5,416 Palo Alto Networks, Inc. $PANW Shares Sold by Profund Advisors LLC

Profund Advisors LLC decreased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 8.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,483 shares of the network technology company’s stock after selling 5,416 shares during the quarter. Palo Alto Networks makes up approximately 0.7% of Profund Advisors LLC’s holdings, making the stock its 23rd biggest holding. Profund Advisors LLC’s holdings in Palo Alto Networks were worth $24,825,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. B&D White Capital Company LLC bought a new position in shares of Palo Alto Networks during the first quarter worth about $353,000. Bridgewater Advisors Inc. bought a new stake in Palo Alto Networks in the 2nd quarter valued at about $2,159,000. Mn Services Vermogensbeheer B.V. boosted its stake in Palo Alto Networks by 1.6% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 240,029 shares of the network technology company’s stock valued at $95,366,000 after purchasing an additional 3,700 shares during the period. First Citizens Bank & Trust Co. boosted its stake in Palo Alto Networks by 126.6% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 18,600 shares of the network technology company’s stock valued at $7,390,000 after purchasing an additional 10,392 shares during the period. Finally, Evelyn Partners Investment Management Services Ltd grew its position in Palo Alto Networks by 31.5% in the 1st quarter. Evelyn Partners Investment Management Services Ltd now owns 14,641 shares of the network technology company’s stock worth $2,347,000 after purchasing an additional 3,505 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Trading Down 3.9%

Shares of NASDAQ PANW opened at $365.87 on Friday. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $432.33. 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 company’s fifty day moving average is $372.15 and its 200-day moving average is $269.89. The stock has a market cap of $299.56 billion, a price-to-earnings ratio of 717.41, a P/E/G ratio of 10.49 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last issued its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. The business had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The firm’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same period in the previous year, the company 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. Equities research analysts predict that Palo Alto Networks, Inc. will post 2.32 EPS for the current year.

Insider Buying and Selling

In related news, CAO Josh Paul sold 400 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $395.70, for a total value of $158,280.00. Following the completion of the sale, the chief accounting officer directly owned 77,987 shares of the company’s stock, valued at approximately $30,859,455.90. This represents a 0.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Aparna Bawa sold 250 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $412.28, for a total transaction of $103,070.00. Following the sale, the director owned 4,427 shares in the company, valued at $1,825,163.56. The trade was a 5.35% 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 worth $20,823,029 over the last ninety days. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

PANW has been the subject of a number of recent analyst reports. BNP Paribas Exane increased their target price 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. Guggenheim reissued a “neutral” rating on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. HSBC dropped their price objective on shares of Palo Alto Networks from $201.00 to $190.00 in a research note on Thursday, September 3rd. Argus reaffirmed a “buy” rating and issued a $425.00 price objective on shares of Palo Alto Networks in a research note on Thursday, September 3rd. Finally, Jefferies Financial Group restated a “buy” rating and set a $450.00 price target (up from $335.00) on shares of Palo Alto Networks in a report on Friday, August 28th. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Palo Alto Networks has an average rating of “Moderate Buy” and an average target price of $398.55.

Check Out Our Latest Research Report on PANW

About Palo Alto Networks

(Free Report)

Palo Alto Networks, Inc (NASDAQ:PANW) is a global cybersecurity company that helps organizations protect networks, cloud environments, endpoints, and digital infrastructure. Its offerings are designed to prevent cyberattacks, identify security risks, monitor activity, and support incident response across enterprise, government, and service-provider environments.

The company’s portfolio includes network security products such as next-generation firewalls and security operations tools; Prisma, its cloud security platform; and Cortex, a suite focused on endpoint protection, threat detection, security analytics, and automated response.

See Also

Institutional Ownership by Quarter for Palo Alto Networks (NASDAQ:PANW)

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