Money Concepts Capital Corp lessened its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 11.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,131 shares of the network technology company’s stock after selling 1,699 shares during the quarter. Money Concepts Capital Corp’s holdings in Palo Alto Networks were worth $5,217,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Verus Financial Partners Inc. raised its holdings in shares of Palo Alto Networks by 4.3% in the third quarter. Verus Financial Partners Inc. now owns 632 shares of the network technology company’s stock worth $251,000 after acquiring an additional 26 shares during the last quarter. Consilium Wealth Advisory LLC lifted its position in shares of 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 valued at $444,000 after acquiring an additional 27 shares in the last quarter. MBA Advisors LLC boosted its stake in shares of Palo Alto Networks by 1.7% during the third quarter. MBA Advisors LLC now owns 1,840 shares of the network technology company’s stock valued at $731,000 after acquiring an additional 30 shares during the last quarter. Grove Bank & Trust boosted its stake in shares of Palo Alto Networks by 7.0% during the third quarter. Grove Bank & Trust now owns 472 shares of the network technology company’s stock valued at $188,000 after acquiring an additional 31 shares during the last quarter. Finally, Riversedge Advisors LLC increased its position in Palo Alto Networks by 2.5% during the 3rd quarter. Riversedge Advisors LLC now owns 1,285 shares of the network technology company’s stock worth $511,000 after purchasing an additional 31 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.
Insider Buying and Selling
In other Palo Alto Networks news, CAO Josh Paul sold 400 shares of Palo Alto Networks stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $395.70, for a total value of $158,280.00. Following the completion of the sale, the chief accounting officer owned 77,987 shares in the company, valued at $30,859,455.90. The trade was a 0.51% 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 company’s stock in a transaction dated Monday, September 14th. The shares were 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 of the company’s stock, valued at approximately $3,760,300. This represents a 20.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 54,210 shares of company stock worth $20,823,029 over the last ninety days. Insiders own 0.55% of the company’s stock.
Palo Alto Networks Price Performance
Shares of NASDAQ:PANW opened at $322.66 on Friday. The company has a market cap of $264.18 billion, a P/E ratio of 632.68, a P/E/G ratio of 9.59 and a beta of 0.96. 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 52 week low of $139.57 and a 52 week high of $432.33. The business has a fifty day simple moving average of $367.70 and a 200-day simple moving average of $276.51.
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last released its earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period in the prior year, the firm posted $0.95 earnings per share. The business’s quarterly revenue 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 EPS for the current year.
Top Palo Alto Networks Stories
These are some of the PANW stories that stood out recently:
- Positive Sentiment: An article described Palo Alto’s AI security tool as its fastest product ramp and noted CIBC placed PANW seventh on a list of stocks to buy after the U.S. midterm elections. Palo Alto Networks: Its AI Security Tool Became the Company’s Fastest Product Ramp
- Positive Sentiment: Jefferies lowered its price target to $400 from $450 but maintained a Buy rating, while Bank of America reiterated Buy with a $420 target. Jefferies analyst action Bank of America’s outlook
- Negative Sentiment: Bank of America says Palo Alto must beat quarterly estimates by at least 3% and raise its outlook to justify its premium valuation, setting a high bar for results. Bank of America’s outlook
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. BNP Paribas Exane boosted their target price on shares of Palo Alto Networks from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Stifel Nicolaus set a $415.00 target price on shares of Palo Alto Networks and gave the company a “buy” rating in a report on Wednesday, August 19th. Benchmark raised 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 note on Monday, August 24th. Robert W. Baird set a $420.00 price target on shares of Palo Alto Networks and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Finally, BTIG Research lifted their price target on shares of Palo Alto Networks from $404.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, September 28th. Forty research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $397.49.
View Our Latest Research Report on PANW
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.
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