Palo Alto Networks, Inc. $PANW Shares Sold by Ramsay Stattman Vela & Price Inc.

Ramsay Stattman Vela & Price Inc. cut its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 6.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,975 shares of the network technology company’s stock after selling 1,995 shares during the period. Palo Alto Networks makes up about 1.6% of Ramsay Stattman Vela & Price Inc.’s portfolio, making the stock its 25th largest holding. Ramsay Stattman Vela & Price Inc.’s holdings in Palo Alto Networks were worth $9,199,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PANW. Darwin Wealth Management LLC purchased a new stake in shares of Palo Alto Networks during the second quarter worth about $25,000. Knuff & Co LLC purchased a new position in Palo Alto Networks in the 4th quarter valued at about $26,000. Solstein Capital LLC acquired a new stake in Palo Alto Networks in the 2nd quarter worth about $26,000. Sittner & Nelson LLC boosted its holdings in Palo Alto Networks by 73.8% in the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock worth $27,000 after buying an additional 62 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in Palo Alto Networks during the 2nd quarter worth approximately $27,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analysts Set New Price Targets

PANW has been the subject of several research reports. Scotiabank cut shares of Palo Alto Networks from a “sector outperform” rating to a “hold” rating in a research note on Wednesday, September 2nd. Wolfe Research reaffirmed an “outperform” rating and issued a $320.00 price target on shares of Palo Alto Networks in a report on Wednesday, June 3rd. UBS Group reissued a “neutral” rating and set a $390.00 price objective (up from $300.00) on shares of Palo Alto Networks in a research note on Wednesday, August 19th. Argus restated a “buy” rating and issued a $425.00 target price on shares of Palo Alto Networks in a report on Thursday, September 3rd. Finally, Capital One Financial set a $421.00 target price on Palo Alto Networks and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Thirty-nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $385.67.

Insider Buying and Selling

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total transaction 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 represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Helle Thorning-Schmidt sold 700 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total value of $242,795.00. Following the transaction, the director owned 5,898 shares of the company’s stock, valued at approximately $2,045,721.30. This represents a 10.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 38,635 shares of company stock valued at $11,150,578 over the last quarter. 1.40% of the stock is owned by corporate insiders.

Palo Alto Networks Trading Up 1.1%

Shares of PANW stock traded up $3.72 during trading on Tuesday, hitting $336.98. 6,122,994 shares of the stock traded hands, compared to its average volume of 8,561,149. The firm has a market capitalization of $274.64 billion, a P/E ratio of 660.76, a price-to-earnings-growth ratio of 9.62 and a beta of 0.91. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.86. The firm’s fifty day moving average price is $350.13 and its 200-day moving average price is $257.94. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $398.88.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.04. The company had revenue of $3.41 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $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, research analysts forecast that Palo Alto Networks, Inc. will post 2.3 earnings per share for the current fiscal year.

Palo Alto Networks Company Profile

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.