Palo Alto Networks, Inc. $PANW Shares Sold by RHL Group LLC

RHL Group LLC decreased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 12.9% during the third quarter, HoldingsChannel.com reports. The firm owned 11,392 shares of the network technology company’s stock after selling 1,688 shares during the quarter. Palo Alto Networks makes up approximately 3.0% of RHL Group LLC’s holdings, making the stock its 8th largest holding. RHL Group LLC’s holdings in Palo Alto Networks were worth $4,526,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PANW. Verus Financial Partners Inc. increased its stake in Palo Alto Networks by 4.3% during the 3rd quarter. Verus Financial Partners Inc. now owns 632 shares of the network technology company’s stock valued at $251,000 after purchasing an additional 26 shares in the last quarter. Consilium Wealth Advisory LLC raised its holdings in Palo Alto Networks by 2.5% in the third quarter. Consilium Wealth Advisory LLC now owns 1,117 shares of the network technology company’s stock worth $444,000 after buying an additional 27 shares during the last quarter. MBA Advisors LLC lifted its stake in shares of Palo Alto Networks by 1.7% in the third quarter. MBA Advisors LLC now owns 1,840 shares of the network technology company’s stock worth $731,000 after buying an additional 30 shares in the last quarter. Grove Bank & Trust lifted 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 buying an additional 31 shares in the last quarter. Finally, Riversedge Advisors LLC lifted 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 buying an additional 31 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PANW shares. Stephens set a $400.00 price target on shares of Palo Alto Networks and gave the company an “equal weight” rating in a research report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $430.00 price objective (up from $350.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Benchmark upped their price objective on Palo Alto Networks from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Truist Financial set a $400.00 target price on Palo Alto Networks in a research note on Wednesday, September 2nd. Finally, Stifel Nicolaus set a $415.00 target price on Palo Alto Networks and gave the stock a “buy” rating in a report on Wednesday, August 19th. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $398.55.

Insider Activity

In other news, Director Aparna Bawa sold 1,000 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $373.61, for a total transaction of $373,610.00. Following the transaction, the director directly owned 5,437 shares of the company’s stock, valued at $2,031,317.57. This represents a 15.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John P. Key sold 2,500 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $376.03, for a total value of $940,075.00. Following the completion of the transaction, the director owned 10,000 shares in the company, valued at approximately $3,760,300. This trade represents a 20.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 54,210 shares of company stock worth $20,823,029. Insiders own 0.55% of the company’s stock.

Palo Alto Networks Price Performance

PANW opened at $313.84 on Monday. 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 firm has a 50 day moving average price of $370.30 and a 200-day moving average price of $273.58. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $432.33. The stock has a market capitalization of $256.96 billion, a price-to-earnings ratio of 615.38, a PEG ratio of 9.00 and a beta of 0.96.

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, beating analysts’ consensus estimates of $0.98 by $0.04. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the firm earned $0.95 earnings per share. The firm’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. Equities research analysts forecast that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current year.

About Palo Alto Networks

Palo Alto Networks, Inc is a cybersecurity company that provides products and services to help organizations protect their networks, cloud environments, devices and applications. Its offerings include next-generation firewalls, cloud security tools, secure access services and platforms for detecting and responding to cyber threats.

The company’s product portfolio includes Prisma for cloud and network security and Cortex for security operations, including threat detection and response. It also provides cybersecurity consulting and incident-response services through Unit 42.

Founded in 2005 and headquartered in Santa Clara, California, Palo Alto Networks serves businesses, government agencies and other organizations around the world.