OceanIQ Capital LLC Purchases 2,183 Shares of Palo Alto Networks, Inc. $PANW

OceanIQ Capital LLC purchased a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 2,183 shares of the network technology company’s stock, valued at approximately $867,000.

A number of other large investors also recently made changes to their positions in PANW. Solstein Capital LLC purchased a new stake in shares of Palo Alto Networks in the second quarter valued at $26,000. N.E.W. Advisory Services LLC acquired a new position in Palo Alto Networks in the second quarter valued at $27,000. Delos Wealth Advisors LLC purchased a new position in Palo Alto Networks during the second quarter worth about $28,000. Principia Wealth Advisory LLC lifted its position 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 worth $28,000 after buying an additional 45 shares during the period. Finally, EMC Capital Management purchased a new position in Palo Alto Networks during the second quarter worth about $34,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Activity

In other news, Director James J. Goetz sold 20,000 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total value of $7,533,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Aparna Bawa sold 1,000 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $373.61, for a total transaction of $373,610.00. Following the completion of the transaction, the director directly owned 5,437 shares in the company, valued at approximately $2,031,317.57. This represents a 15.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 54,210 shares of company stock valued at $20,823,029 over the last quarter. 1.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on PANW. UBS Group reissued a “neutral” rating and issued a $390.00 price target (up from $300.00) on shares of Palo Alto Networks in a research note on Wednesday, August 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a $450.00 price objective (up from $335.00) on shares of Palo Alto Networks in a research note on Friday, August 28th. Weiss Ratings upgraded shares of Palo Alto Networks from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Royal Bank Of Canada upped their price target on shares of Palo Alto Networks from $434.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Finally, Morgan Stanley set a $410.00 price target on shares of Palo Alto Networks and gave the stock an “overweight” rating in a research note on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $395.25.

Palo Alto Networks Trading Up 2.1%

Shares of Palo Alto Networks stock traded up $7.16 during trading hours on Monday, reaching $349.15. The stock had a trading volume of 1,937,083 shares, compared to its average volume of 8,157,208. The firm has a 50 day simple moving average of $372.66 and a two-hundred day simple moving average of $302.05. The firm has a market capitalization of $285.61 billion, a price-to-earnings ratio of 683.96, a P/E/G ratio of 9.84 and a beta of 0.93. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. 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 issued its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the business earned $0.95 EPS. The company’s revenue for the quarter was up 34.5% on a year-over-year basis. 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 research analysts anticipate that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

About Palo Alto Networks

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.