Palo Alto Networks, Inc. $PANW Holdings Lessened by NTV Asset Management LLC

NTV Asset Management LLC trimmed its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 20.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,841 shares of the network technology company’s stock after selling 1,988 shares during the quarter. NTV Asset Management LLC’s holdings in Palo Alto Networks were worth $3,115,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new position in Palo Alto Networks in the second quarter worth about $25,833,462,000. State Street Corp raised its position in Palo Alto Networks by 4.2% during the second quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock valued at $12,610,748,000 after purchasing an additional 1,493,179 shares during the period. Bank of America Corp DE raised its position in Palo Alto Networks by 0.9% during the second quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock valued at $7,734,973,000 after purchasing an additional 205,123 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Palo Alto Networks by 8.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company’s stock valued at $2,993,802,000 after purchasing an additional 706,003 shares during the period. Finally, Legal & General Group Plc purchased a new stake in Palo Alto Networks during the second quarter valued at approximately $1,968,304,000. Institutional investors own 79.82% of the company’s stock.

Insider Transactions at Palo Alto Networks

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 transaction of $10,769,000.00. Following the completion of the transaction, the executive vice president 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Josh D. Paul sold 400 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $395.70, for a total value of $158,280.00. Following the transaction, the chief accounting officer owned 77,987 shares of the company’s stock, valued at approximately $30,859,455.90. The trade was a 0.51% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 54,210 shares of company stock valued at $20,823,029. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

PANW has been the subject of several analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $525.00 price objective (up from $475.00) on shares of Palo Alto Networks in a research note on Monday, October 12th. Scotiabank downgraded Palo Alto Networks from a “sector outperform” rating to a “hold” rating in a research report on Wednesday, September 2nd. Stifel Nicolaus set a $415.00 price target on Palo Alto Networks and gave the company a “buy” rating in a report on Wednesday, August 19th. Truist Financial set a $400.00 price target on Palo Alto Networks in a research report on Wednesday, September 2nd. Finally, Phillip Securities lowered shares of Palo Alto Networks from a “moderate buy” rating to a “hold” rating and lifted their price objective for the stock from $320.00 to $346.00 in a research note on Monday, September 7th. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $398.55.

Palo Alto Networks Stock Performance

Palo Alto Networks stock opened at $380.55 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $311.29 billion, a P/E ratio of 746.19, a price-to-earnings-growth ratio of 10.95 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 company’s 50-day moving average is $369.33 and its 200 day moving average is $307.79.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The company’s revenue for the quarter was up 34.5% compared to the same quarter last year. 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. Research analysts forecast that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc (NASDAQ:PANW) is a global cybersecurity company that helps organizations protect networks, cloud environments, endpoints, and digital infrastructure. Its offerings are designed to prevent cyberattacks, identify security risks, monitor activity, and support incident response across enterprise, government, and service-provider environments.

The company’s portfolio includes network security products such as next-generation firewalls and security operations tools; Prisma, its cloud security platform; and Cortex, a suite focused on endpoint protection, threat detection, security analytics, and automated response.