Global Wealth Management Investment Advisory Inc. lowered its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 20.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 22,034 shares of the network technology company’s stock after selling 5,800 shares during the period. Palo Alto Networks accounts for approximately 1.1% of Global Wealth Management Investment Advisory Inc.’s holdings, making the stock its 27th largest position. Global Wealth Management Investment Advisory Inc.’s holdings in Palo Alto Networks were worth $8,754,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Verus Financial Partners Inc. raised its stake in Palo Alto Networks by 4.3% in the third quarter. Verus Financial Partners Inc. now owns 632 shares of the network technology company’s stock valued at $251,000 after buying an additional 26 shares during the period. Consilium Wealth Advisory LLC boosted its stake in shares of Palo Alto Networks by 2.5% during the 3rd quarter. Consilium Wealth Advisory LLC now owns 1,117 shares of the network technology company’s stock worth $444,000 after acquiring an additional 27 shares during the period. MBA Advisors LLC boosted its stake in shares of Palo Alto Networks by 1.7% during the 3rd quarter. MBA Advisors LLC now owns 1,840 shares of the network technology company’s stock worth $731,000 after acquiring an additional 30 shares during the period. Grove Bank & Trust boosted its stake in shares of Palo Alto Networks by 7.0% during the 3rd quarter. Grove Bank & Trust now owns 472 shares of the network technology company’s stock worth $188,000 after acquiring an additional 31 shares during the period. Finally, Riversedge Advisors LLC boosted its stake in shares of Palo Alto Networks by 2.5% during the 3rd quarter. Riversedge Advisors LLC now owns 1,285 shares of the network technology company’s stock worth $511,000 after acquiring an additional 31 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.
Palo Alto Networks Trading Up 5.4%
Shares of NASDAQ:PANW opened at $330.89 on Tuesday. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $432.33. The stock has a market cap of $270.92 billion, a PE ratio of 648.82, a P/E/G ratio of 9.98 and a beta of 0.96. The business has a 50 day moving average of $369.48 and a 200-day moving average of $274.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06.
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last posted its earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.98 by $0.04. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The firm’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the business 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 forecast that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current year.
Insiders Place Their Bets
In related news, EVP Dipak Golechha sold 27,500 shares of the business’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $391.60, for a total value of $10,769,000.00. Following the completion of the sale, the executive vice president directly owned 117,750 shares in the company, valued at $46,110,900. The trade was a 18.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Aparna Bawa sold 250 shares of the company’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $412.28, for a total value of $103,070.00. Following the completion of the transaction, the director directly owned 4,427 shares in the company, valued at approximately $1,825,163.56. This represents a 5.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,210 shares of company stock worth $20,823,029 over the last three months. 0.55% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of research firms recently weighed in on PANW. The Goldman Sachs Group reissued a “buy” rating and set a $390.00 target price (up from $371.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Capital One Financial raised their price target on Palo Alto Networks from $421.00 to $428.00 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Northland Securities set a $360.00 price objective on shares of Palo Alto Networks and gave the stock a “market perform” rating in a research report on Wednesday, September 2nd. Evercore reaffirmed an “outperform” rating on shares of Palo Alto Networks in a research report on Monday, August 31st. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $415.00 price objective (up from $335.00) on shares of Palo Alto Networks in a report on Thursday, August 20th. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Palo Alto Networks has an average rating of “Moderate Buy” and a consensus price target of $398.55.
View Our Latest Stock Report on PANW
Palo Alto Networks Profile
Palo Alto Networks, Inc is a cybersecurity company that provides products and services to help organizations protect their networks, cloud environments, devices and applications. Its offerings include next-generation firewalls, cloud security tools, secure access services and platforms for detecting and responding to cyber threats.
The company’s product portfolio includes Prisma for cloud and network security and Cortex for security operations, including threat detection and response. It also provides cybersecurity consulting and incident-response services through Unit 42.
Founded in 2005 and headquartered in Santa Clara, California, Palo Alto Networks serves businesses, government agencies and other organizations around the world.
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