Centaurus Financial Inc. Has $2.07 Million Stock Position in Palo Alto Networks, Inc. $PANW

Centaurus Financial Inc. lowered its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 23.2% during the first quarter, HoldingsChannel.com reports. The firm owned 12,901 shares of the network technology company’s stock after selling 3,890 shares during the quarter. Centaurus Financial Inc.’s holdings in Palo Alto Networks were worth $2,068,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Darwin Wealth Management LLC acquired a new stake in Palo Alto Networks in the second quarter valued at approximately $25,000. Steph & Co. increased its stake in shares of Palo Alto Networks by 88.2% during the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock worth $26,000 after purchasing an additional 67 shares during the last quarter. Knuff & Co LLC acquired a new position in shares of Palo Alto Networks during the 4th quarter worth $26,000. Sittner & Nelson LLC raised its holdings in shares of Palo Alto Networks by 73.8% during the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 62 shares in the last quarter. Finally, Luken Investment Analytics LLC lifted its stake in shares of Palo Alto Networks by 196.2% in the 4th quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock valued at $28,000 after purchasing an additional 102 shares during the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Palo Alto Networks news, Director Helle Thorning-Schmidt sold 700 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total value of $242,795.00. Following the transaction, the director directly owned 5,898 shares of the company’s stock, valued at $2,045,721.30. The trade was a 10.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Josh D. Paul sold 900 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total value of $310,500.00. Following the transaction, the chief accounting officer owned 79,644 shares of the company’s stock, valued at approximately $27,477,180. This trade represents a 1.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 101,239 shares of company stock worth $27,174,360 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PANW shares. Stifel Nicolaus set a $340.00 price objective on shares of Palo Alto Networks in a report on Wednesday, June 3rd. JPMorgan Chase & Co. boosted their price target on Palo Alto Networks from $200.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Morgan Stanley reiterated an “overweight” rating and set a $387.00 price target (up from $320.00) on shares of Palo Alto Networks in a research note on Tuesday, July 21st. Rosenblatt Securities increased their price objective on Palo Alto Networks from $275.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Finally, BTIG Research raised their price objective on Palo Alto Networks from $333.00 to $380.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Palo Alto Networks presently has an average rating of “Moderate Buy” and an average price target of $331.48.

Palo Alto Networks Stock Performance

Shares of PANW opened at $325.68 on Friday. The company has a market capitalization of $265.43 billion, a PE ratio of 266.95, a price-to-earnings-growth ratio of 11.66 and a beta of 0.91. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $368.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The company’s fifty day moving average price is $306.57 and its 200 day moving average price is $221.46.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The business’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. As a group, analysts expect that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Palo Alto Networks Company Profile

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next?generation firewalls as a core on?premises capability, alongside cloud?delivered security services and software for securing public and private clouds.