Carroll Advisory Group LLC acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 2,232 shares of the network technology company’s stock, valued at approximately $887,000.
Several other large investors also recently modified their holdings of PANW. Solstein Capital LLC bought a new position in shares of Palo Alto Networks during the 2nd quarter worth approximately $26,000. N.E.W. Advisory Services LLC acquired a new stake in Palo Alto Networks in the 2nd quarter valued at $27,000. Delos Wealth Advisors LLC acquired a new stake in Palo Alto Networks in the 2nd quarter valued at $28,000. Principia Wealth Advisory LLC grew its position in Palo Alto Networks by 125.0% in the second quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock valued at $28,000 after acquiring an additional 45 shares during the period. Finally, EMC Capital Management bought a new stake in Palo Alto Networks in the second quarter valued at $34,000. 79.82% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Palo Alto Networks
In related news, Director John P. Key sold 2,500 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $376.03, for a total transaction of $940,075.00. Following the transaction, the director owned 10,000 shares in the company, valued at $3,760,300. This represents a 20.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aparna Bawa sold 1,000 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $373.61, for a total transaction of $373,610.00. Following the sale, the director directly owned 5,437 shares in the company, valued at approximately $2,031,317.57. This represents a 15.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 54,210 shares of company stock worth $20,823,029 over the last quarter. Corporate insiders own 1.40% of the company’s stock.
Palo Alto Networks Stock Down 7.6%
NASDAQ PANW opened at $342.00 on Friday. The firm has a market cap of $279.76 billion, a PE ratio of 670.60, a price-to-earnings-growth ratio of 10.66 and a beta of 0.93. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $432.33. The stock’s 50 day simple moving average is $372.66 and its 200 day simple moving average is $301.02. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87.
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last released its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.35 billion. During the same period last year, the firm posted $0.95 EPS. The business’s 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 earnings per share for the current fiscal year.
Analyst Ratings Changes
PANW has been the subject of several recent analyst reports. DA Davidson increased their price objective on Palo Alto Networks from $345.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Arete Research boosted their target price on shares of Palo Alto Networks from $185.00 to $433.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Tigress Financial upped their target price on shares of Palo Alto Networks from $245.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Sanford C. Bernstein lowered shares of Palo Alto Networks from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $253.00 to $351.00 in a report on Thursday, September 17th. Finally, Argus reiterated a “buy” rating and set a $425.00 target price on shares of Palo Alto Networks in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $393.02.
View Our Latest 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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