Palo Alto Networks, Inc. $PANW Stock Acquired by Trek Financial LLC

Trek Financial LLC boosted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 1,908.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,238 shares of the network technology company’s stock after purchasing an additional 12,579 shares during the quarter. Trek Financial LLC’s holdings in Palo Alto Networks were worth $5,260,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Solstein Capital LLC acquired a new position in Palo Alto Networks during the 2nd quarter valued at about $26,000. N.E.W. Advisory Services LLC acquired a new stake in Palo Alto Networks in the second quarter valued at approximately $27,000. Delos Wealth Advisors LLC bought a new stake in shares of Palo Alto Networks during the 2nd quarter worth about $28,000. Principia Wealth Advisory LLC grew its holdings in Palo Alto Networks by 125.0% during the second quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock valued at $28,000 after purchasing an additional 45 shares during the last quarter. Finally, Curry Webb Wealth Management LLC acquired a new position in Palo Alto Networks in the 3rd quarter valued at $36,000. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Price Performance

NASDAQ:PANW opened at $365.87 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. The stock has a market cap of $299.56 billion, a price-to-earnings ratio of 717.41, a PEG ratio of 10.49 and a beta of 0.96. The stock has a 50-day moving average price of $372.15 and a two-hundred day moving average price of $269.89. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $432.33.

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 analysts’ consensus estimates of $0.98 by $0.04. The business 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 revenue for the quarter was up 34.5% compared to the same quarter last year. During the same quarter last year, the firm 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. As a group, equities analysts expect that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Josh D. Paul sold 900 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $373.68, for a total value of $336,312.00. Following the transaction, the chief accounting officer owned 72,484 shares in the company, valued at $27,085,821.12. The trade was a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Aparna Bawa sold 1,000 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $373.61, for a total value of $373,610.00. Following the completion of the sale, the director directly owned 5,437 shares of the company’s stock, valued at $2,031,317.57. The trade was a 15.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 54,210 shares of company stock valued at $20,823,029 in the last ninety days. Insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PANW. Scotiabank lowered shares of 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 stock a “buy” rating in a research report on Wednesday, August 19th. Mizuho set a $415.00 price objective on Palo Alto Networks and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. increased 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 lifted their price target on Palo Alto Networks from $350.00 to $415.00 and gave the company a “positive” rating in a report on Wednesday, September 2nd. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $398.55.

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.