Palo Alto Networks, Inc. $PANW Stock Sold by GFG Capital LLC

GFG Capital LLC reduced its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 40.9% during the third quarter, Holdings Channel.com reports. The fund owned 9,714 shares of the network technology company’s stock after selling 6,720 shares during the quarter. Palo Alto Networks makes up 0.9% of GFG Capital LLC’s investment portfolio, making the stock its 26th biggest position. GFG Capital LLC’s holdings in Palo Alto Networks were worth $3,859,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Solstein Capital LLC purchased a new position in Palo Alto Networks during the 2nd quarter worth $26,000. N.E.W. Advisory Services LLC bought a new stake in Palo Alto Networks during the 2nd quarter valued at $27,000. Delos Wealth Advisors LLC bought a new stake in Palo Alto Networks during the 2nd quarter valued at $28,000. Principia Wealth Advisory LLC lifted its holdings in shares of Palo Alto Networks by 125.0% in the 2nd quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock worth $28,000 after buying an additional 45 shares during the period. Finally, Private Wealth Management Group LLC lifted its holdings in shares of Palo Alto Networks by 148.1% in the 1st quarter. Private Wealth Management Group LLC now owns 201 shares of the network technology company’s stock worth $32,000 after buying an additional 120 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.

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.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PANW. Stephens set a $400.00 price target on Palo Alto Networks and gave the stock an “equal weight” rating in a research report on Wednesday, September 2nd. BTIG Research raised their price target on Palo Alto Networks from $404.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, September 28th. BNP Paribas Exane lifted their price objective on Palo Alto Networks from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, September 2nd. Evercore reaffirmed an “outperform” rating on shares of Palo Alto Networks in a research note on Monday, August 31st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $425.00 target price on shares of Palo Alto Networks in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $393.02.

Palo Alto Networks Trading Down 7.6%

Shares of NASDAQ:PANW opened at $342.00 on Friday. The firm has a market capitalization of $279.76 billion, a price-to-earnings 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 1 year low of $139.57 and a 1 year high of $432.33. The business’s 50 day moving average price is $372.66 and its 200-day moving average price 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) last posted its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, topping the consensus estimate 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 company had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period in the previous year, the business earned $0.95 EPS. Palo Alto Networks’s quarterly 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. On average, equities research analysts forecast that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.

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.