Palo Alto Networks, Inc. $PANW Stock Sold by Formuepleje A S

Formuepleje A S decreased its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 40.9% in the third quarter, Holdings Channel reports. The institutional investor owned 3,317 shares of the network technology company’s stock after selling 2,296 shares during the quarter. Formuepleje A S’s holdings in Palo Alto Networks were worth $1,318,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Turtle Creek Wealth Advisors LLC raised its holdings in Palo Alto Networks by 8.7% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 7,851 shares of the network technology company’s stock valued at $3,119,000 after buying an additional 630 shares in the last quarter. WealthPlan Investment Management LLC lifted its holdings in shares of Palo Alto Networks by 5.2% during the third quarter. WealthPlan Investment Management LLC now owns 9,803 shares of the network technology company’s stock worth $3,895,000 after buying an additional 488 shares during the last quarter. Purus Wealth Management LLC increased its holdings in shares of Palo Alto Networks by 12.8% during the 3rd quarter. Purus Wealth Management LLC now owns 835 shares of the network technology company’s stock worth $332,000 after purchasing an additional 95 shares during the period. SBE LLC DBA Cedar Cove Wealth Partners grew its position in Palo Alto Networks by 8.0% during the third quarter. SBE LLC DBA Cedar Cove Wealth Partners now owns 2,209 shares of the network technology company’s stock worth $878,000 after buying an additional 163 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Palo Alto Networks in the 3rd quarter valued at $385,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 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 legal filing with the SEC, which is available through this hyperlink. Also, Director John P. Key sold 2,500 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $376.03, for a total transaction of $940,075.00. Following the transaction, the director directly owned 10,000 shares in the company, valued at $3,760,300. This trade represents a 20.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 54,210 shares of company stock worth $20,823,029 over the last three months. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Morgan Stanley set a $410.00 price objective on Palo Alto Networks and gave the stock an “overweight” rating in a research note on Monday, September 21st. Citizens Jmp lifted their target price on Palo Alto Networks from $320.00 to $415.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 12th. Stephens set a $400.00 price objective on shares of Palo Alto Networks and gave the company an “equal weight” rating in a report on Wednesday, September 2nd. JPMorgan Chase & Co. raised their target price on Palo Alto Networks from $326.00 to $384.00 and gave the stock an “overweight” rating in a report on Tuesday, August 25th. Finally, Susquehanna raised their price objective on Palo Alto Networks from $350.00 to $415.00 and gave the stock a “positive” rating in a research note on Wednesday, September 2nd. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Palo Alto Networks presently has an average rating of “Moderate Buy” and an average price target of $392.38.

Palo Alto Networks Stock Performance

Shares of PANW traded down $7.12 during trading hours on Thursday, hitting $367.92. The company had a trading volume of 2,704,048 shares, compared to its average volume of 8,170,186. The firm has a market cap of $300.96 billion, a price-to-earnings ratio of 722.07, a PEG ratio of 11.43 and a beta of 0.93. The business has a fifty day moving average of $372.88 and a 200-day moving average of $299.16. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $432.33.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.04. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. Palo Alto Networks’s quarterly revenue was up 34.5% on a year-over-year basis. During the same period in the prior 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. Equities analysts anticipate that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

Palo Alto Networks Profile

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.