GFG Capital LLC reduced its position in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 11.8% in the 2nd quarter, Holdings Channel reports. The fund owned 16,434 shares of the network technology company’s stock after selling 2,200 shares during the period. Palo Alto Networks makes up about 1.3% of GFG Capital LLC’s investment portfolio, making the stock its 23rd biggest position. GFG Capital LLC’s holdings in Palo Alto Networks were worth $5,604,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC grew its holdings in Palo Alto Networks by 147.7% in the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after buying an additional 4,031 shares during the period. Bison Wealth LLC lifted its holdings in shares of Palo Alto Networks by 169.1% during the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after acquiring an additional 3,275 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Palo Alto Networks by 66.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock worth $713,000 after acquiring an additional 1,389 shares during the period. Osterweis Capital Management Inc. boosted its position in shares of Palo Alto Networks by 11,100.0% in the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company’s stock worth $115,000 after acquiring an additional 555 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its position in shares of Palo Alto Networks by 6.0% in the second quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company’s stock worth $900,000 after acquiring an additional 249 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages recently commented on PANW. Wedbush upped their price target on shares of Palo Alto Networks from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Roth Capital reiterated a “neutral” rating and issued a $300.00 price target (up from $210.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Citigroup cut shares of Palo Alto Networks from a “buy” rating to a “neutral” rating in a research note on Monday. Arete Research upped their price objective on Palo Alto Networks from $185.00 to $433.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Finally, Stifel Nicolaus set a $415.00 target price on Palo Alto Networks and gave the company a “buy” rating in a report on Wednesday, August 19th. Thirty-nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $385.67.
Insider Activity at Palo Alto Networks
In related news, Director Helle Thorning-Schmidt sold 700 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total transaction of $242,795.00. Following the sale, the director directly owned 5,898 shares in the company, valued at approximately $2,045,721.30. This trade represents a 10.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the transaction, the executive vice president directly owned 145,250 shares in the company, valued at $42,058,590. This trade represents a 3.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 38,258 shares of company stock valued at $11,050,673 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.
Palo Alto Networks Price Performance
Palo Alto Networks stock opened at $336.98 on Wednesday. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $398.88. The firm has a fifty day moving average of $350.13 and a 200-day moving average of $257.94. The firm has a market capitalization of $274.64 billion, a P/E ratio of 660.76, a PEG ratio of 9.62 and a beta of 0.91. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.06.
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last posted its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the business posted $0.95 EPS. The business’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, analysts predict that Palo Alto Networks, Inc. will post 2.3 EPS for the current year.
Palo Alto Networks Company Profile
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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