Palo Alto Networks (NASDAQ:PANW – Free Report) had its price objective lifted by Rosenblatt Securities from $225.00 to $250.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the network technology company’s stock.
Several other equities analysts have also recently issued reports on the company. TD Cowen boosted their target price on Palo Alto Networks from $230.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Citigroup reiterated an “outperform” rating on shares of Palo Alto Networks in a report on Monday, October 27th. Cantor Fitzgerald boosted their price objective on shares of Palo Alto Networks from $223.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday. Royal Bank Of Canada raised their target price on shares of Palo Alto Networks from $232.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. Finally, Scotiabank boosted their price target on shares of Palo Alto Networks from $225.00 to $228.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 19th. Thirty investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Palo Alto Networks has an average rating of “Moderate Buy” and an average target price of $225.09.
Read Our Latest Research Report on PANW
Palo Alto Networks Trading Down 7.4%
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last posted its earnings results on Wednesday, November 19th. The network technology company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Palo Alto Networks had a net margin of 11.69% and a return on equity of 17.95%. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the business posted $1.56 earnings per share. Palo Alto Networks’s revenue for the quarter was up 15.7% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.800-3.900 EPS. Q2 2026 guidance at 0.930-0.950 EPS. Equities analysts predict that Palo Alto Networks will post 1.76 EPS for the current year.
Insider Buying and Selling at Palo Alto Networks
In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the completion of the transaction, the executive vice president owned 177,954 shares of the company’s stock, valued at approximately $34,008,788.94. This trade represents a 40.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $219.97, for a total transaction of $153,979.00. Following the transaction, the chief accounting officer owned 47,505 shares of the company’s stock, valued at $10,449,674.85. The trade was a 1.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,215,130 shares of company stock valued at $249,031,488 in the last quarter. 1.40% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Klingman & Associates LLC increased its holdings in shares of Palo Alto Networks by 2.2% during the third quarter. Klingman & Associates LLC now owns 2,131 shares of the network technology company’s stock valued at $434,000 after acquiring an additional 46 shares in the last quarter. Contravisory Investment Management Inc. grew its position in Palo Alto Networks by 1.8% during the 3rd quarter. Contravisory Investment Management Inc. now owns 2,742 shares of the network technology company’s stock valued at $558,000 after purchasing an additional 48 shares during the last quarter. Mattern Wealth Management LLC increased its stake in Palo Alto Networks by 2.9% during the 3rd quarter. Mattern Wealth Management LLC now owns 1,692 shares of the network technology company’s stock valued at $345,000 after purchasing an additional 48 shares in the last quarter. St. Clair Advisors LLC raised its holdings in Palo Alto Networks by 0.3% in the second quarter. St. Clair Advisors LLC now owns 15,800 shares of the network technology company’s stock worth $3,233,000 after buying an additional 50 shares during the last quarter. Finally, Astoria Portfolio Advisors LLC. lifted its stake in shares of Palo Alto Networks by 2.1% in the second quarter. Astoria Portfolio Advisors LLC. now owns 2,467 shares of the network technology company’s stock worth $496,000 after buying an additional 50 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.
About Palo Alto Networks
Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.
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