Palo Alto Networks, Inc. $PANW Shares Sold by Park National Corp OH

Park National Corp OH decreased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 15.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 158,591 shares of the network technology company’s stock after selling 28,006 shares during the quarter. Palo Alto Networks accounts for 1.7% of Park National Corp OH’s holdings, making the stock its 13th largest position. Park National Corp OH’s holdings in Palo Alto Networks were worth $63,010,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in PANW. Neville Rodie & Shaw Inc. grew its position in Palo Alto Networks by 0.7% during the third quarter. Neville Rodie & Shaw Inc. now owns 16,615 shares of the network technology company’s stock worth $6,602,000 after buying an additional 110 shares in the last quarter. Heartwood Wealth Advisors LLC lifted its position in shares of Palo Alto Networks by 1.6% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 6,039 shares of the network technology company’s stock worth $2,399,000 after acquiring an additional 95 shares during the period. Silverleafe Capital Partners LLC acquired a new stake in shares of Palo Alto Networks during the 3rd quarter worth approximately $572,000. Miller Global Investments LLC increased its position in shares of Palo Alto Networks by 406.7% during the third quarter. Miller Global Investments LLC now owns 456 shares of the network technology company’s stock valued at $181,000 after purchasing an additional 366 shares during the period. Finally, First Citizens Financial Corp increased its position in shares of Palo Alto Networks by 8.7% during the third quarter. First Citizens Financial Corp now owns 688 shares of the network technology company’s stock valued at $273,000 after purchasing an additional 55 shares during the period. Institutional investors own 79.82% of the company’s stock.

Insiders Place Their Bets

In related news, Director James Goetz sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total transaction of $7,533,600.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dipak Golechha sold 27,500 shares of Palo Alto Networks stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $391.60, for a total value of $10,769,000.00. Following the completion of the transaction, the executive vice president owned 117,750 shares of the company’s stock, valued at approximately $46,110,900. The trade was a 18.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 54,260 shares of company stock worth $20,804,474 over the last ninety days. 1.40% of the stock is owned by insiders.

Palo Alto Networks Price Performance

Shares of PANW traded up $2.81 during trading hours on Monday, hitting $406.05. The stock had a trading volume of 1,395,515 shares, compared to its average volume of 8,310,859. The stock has a market capitalization of $332.15 billion, a price-to-earnings ratio of 796.39, a P/E/G ratio of 11.61 and a beta of 0.93. 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 company’s fifty day moving average is $362.05 and its two-hundred day moving average is $285.61. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $409.50.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly 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. The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The firm’s quarterly revenue was up 34.5% on a year-over-year basis. During the same period last year, the firm posted $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. On average, analysts anticipate that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on PANW. Royal Bank Of Canada raised their target price on Palo Alto Networks from $434.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Wedbush initiated coverage on shares of Palo Alto Networks in a research note on Friday, September 11th. They issued an “outperform” rating and a $400.00 price objective for the company. Phillip Securities downgraded shares of Palo Alto Networks from a “moderate buy” rating to a “hold” rating and raised their price objective for the stock from $320.00 to $346.00 in a report on Monday, September 7th. Loop Capital lifted their target price on shares of Palo Alto Networks from $290.00 to $350.00 and gave the company a “hold” rating in a research report on Friday, August 21st. Finally, Scotiabank lowered shares of Palo Alto Networks from a “sector outperform” rating to a “hold” rating in a research report on Wednesday, September 2nd. Thirty-eight research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $391.32.

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.