6,539 Palo Alto Networks, Inc. $PANW Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lessened its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 26.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 18,319 shares of the network technology company’s stock after selling 6,539 shares during the period. International Assets Investment Management LLC’s holdings in Palo Alto Networks were worth $7,259,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PANW. BlackRock Inc. bought a new position in Palo Alto Networks in the second quarter valued at approximately $25,833,462,000. State Street Corp raised its stake in shares of Palo Alto Networks by 4.2% during the 2nd quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock worth $12,610,748,000 after purchasing an additional 1,493,179 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Palo Alto Networks by 0.9% during the 2nd quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock worth $7,734,973,000 after purchasing an additional 205,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Palo Alto Networks by 8.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company’s stock valued at $2,993,802,000 after buying an additional 706,003 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Palo Alto Networks by 4.4% in the first quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company’s stock valued at $1,036,648,000 after buying an additional 273,103 shares in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $313.84 on Friday. The company 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. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. The company has a 50-day simple moving average of $370.30 and a 200 day simple moving average of $273.58. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $432.33.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating 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 revenue was up 34.5% on a year-over-year basis. During the same period in the prior 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. On average, sell-side analysts predict that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PANW. Benchmark upped their price target on shares of Palo Alto Networks from $340.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. New Street Research set a $415.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 18th. HSBC lowered their price objective on shares of Palo Alto Networks from $201.00 to $190.00 in a research note on Thursday, September 3rd. UBS Group restated a “neutral” rating and set a $390.00 price objective (up from $300.00) on shares of Palo Alto Networks in a research note on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $430.00 target price (up from $350.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Thirty-nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $398.55.

Insider Activity at Palo Alto Networks

In other news, Director Aparna Bawa sold 250 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $412.28, for a total value of $103,070.00. Following the transaction, the director owned 4,427 shares of the company’s stock, valued at approximately $1,825,163.56. This represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $7,533,600.00. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 54,210 shares of company stock valued at $20,823,029. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Company Profile

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.