St. Louis Financial Planners Asset Management LLC acquired a new position in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,183 shares of the network technology company’s stock, valued at approximately $1,569,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Palo Alto Networks during the 2nd quarter valued at approximately $25,833,462,000. Legal & General Group Plc purchased a new stake in Palo Alto Networks during the second quarter worth $1,968,304,000. Bank of New York Mellon Corp purchased a new stake in Palo Alto Networks during the second quarter worth $1,569,755,000. Deutsche Bank AG purchased 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% during 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 buying an additional 3,101,267 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.
Analyst Ratings Changes
PANW has been the subject of a number of recent analyst reports. Northland Securities set a $360.00 price objective on shares of Palo Alto Networks and gave the company a “market perform” rating in a report on Wednesday, September 2nd. Morgan Stanley set a $410.00 price objective on Palo Alto Networks and gave the company an “overweight” rating in a research report on Monday, September 21st. Guggenheim reissued a “neutral” rating on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Oppenheimer reissued an “outperform” rating and issued a $450.00 price target (up from $400.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Finally, Scotiabank cut shares of Palo Alto Networks from a “sector outperform” rating to a “hold” rating in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $393.02.
View Our Latest Analysis on Palo Alto Networks
Palo Alto Networks Price Performance
NASDAQ:PANW traded down $28.27 during trading hours on Friday, hitting $342.00. 8,760,281 shares of the stock were exchanged, compared to its average volume of 5,649,209. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $432.33. The firm’s fifty day moving average price is $372.66 and its 200 day moving average price is $301.02. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. The company has a market cap of $279.76 billion, a P/E ratio of 670.60, a P/E/G ratio of 10.66 and a beta of 0.93.
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last announced its earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The business’s revenue was up 34.5% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. As a group, equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.
Insider Activity
In other Palo Alto Networks news, Director Aparna Bawa sold 250 shares of the firm’s stock in a transaction on 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 owned 4,427 shares in the company, valued at approximately $1,825,163.56. This trade represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 400 shares of Palo Alto Networks stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $395.70, for a total transaction of $158,280.00. Following the sale, the chief accounting officer directly owned 77,987 shares in the company, valued at approximately $30,859,455.90. This trade represents a 0.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 54,210 shares of company stock valued at $20,823,029 in the last three months. Company insiders own 1.40% 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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