Palo Alto Networks, Inc. $PANW Stock Bought by Sigma Planning Corp

Sigma Planning Corp increased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 11.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 18,952 shares of the network technology company’s stock after buying an additional 1,922 shares during the quarter. Sigma Planning Corp’s holdings in Palo Alto Networks were worth $7,428,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Consilium Wealth Advisory LLC boosted its holdings 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 valued at $444,000 after acquiring an additional 27 shares during the last quarter. Grove Bank & Trust grew its stake in shares of Palo Alto Networks by 7.0% in the third 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. Riversedge Advisors LLC grew its stake in shares of Palo Alto Networks by 2.5% in the third 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. Tenon Financial LLC grew its stake in shares of Palo Alto Networks by 5.3% in the third quarter. Tenon Financial LLC now owns 661 shares of the network technology company’s stock worth $263,000 after acquiring an additional 33 shares during the period. Finally, Trilogy Capital Inc. raised its holdings in shares of Palo Alto Networks by 1.8% during the second quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company’s stock valued at $725,000 after purchasing an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Price Performance

NASDAQ PANW opened at $380.55 on Monday. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $432.33. The firm has a market capitalization of $311.29 billion, a P/E ratio of 746.19, a PEG ratio of 10.95 and a beta of 0.93. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $369.33 and a 200-day moving average price of $308.82.

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 firm had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The business’s quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 EPS. 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. Equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PANW shares. Guggenheim restated a “neutral” rating on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Robert W. Baird set a $420.00 target price on shares of Palo Alto Networks and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. UBS Group reaffirmed a “neutral” rating and issued a $390.00 target price (up from $300.00) on shares of Palo Alto Networks in a research report on Wednesday, August 19th. Morgan Stanley set a $410.00 target price on shares of Palo Alto Networks and gave the company an “overweight” rating in a research note on Monday, September 21st. Finally, New Street Research set a $415.00 price target on Palo Alto Networks in a report on Tuesday, August 18th. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.55.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director James Goetz sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total value of $7,533,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Aparna Bawa sold 250 shares of the stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $412.28, for a total transaction of $103,070.00. Following the completion of the transaction, the director owned 4,427 shares in the company, valued at $1,825,163.56. The trade was a 5.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 54,210 shares of company stock valued at $20,823,029 in the last quarter. Insiders own 1.40% of the company’s stock.

Palo Alto Networks 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.