Palo Alto Networks, Inc. $PANW Stock: Quadrant Capital Group LLC Increases Holdings

Quadrant Capital Group LLC grew its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 10.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,286 shares of the network technology company’s stock after purchasing an additional 1,712 shares during the quarter. Quadrant Capital Group LLC’s holdings in Palo Alto Networks were worth $7,260,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PANW. Solstein Capital LLC bought a new stake in shares of Palo Alto Networks during the 2nd quarter worth $26,000. N.E.W. Advisory Services LLC bought a new position in Palo Alto Networks in the 2nd quarter worth $27,000. Delos Wealth Advisors LLC bought a new position in Palo Alto Networks in the 2nd quarter worth $28,000. Principia Wealth Advisory LLC raised its holdings in Palo Alto Networks by 125.0% in the 2nd quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock worth $28,000 after acquiring an additional 45 shares during the period. Finally, EMC Capital Management acquired a new position in Palo Alto Networks during the 2nd quarter worth $34,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Price Performance

Shares of PANW stock opened at $340.28 on Wednesday. The stock has a 50 day moving average of $371.03 and a two-hundred day moving average of $304.63. 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 12 month low of $139.57 and a 12 month high of $432.33. The company has a market capitalization of $278.35 billion, a P/E ratio of 667.23, a P/E/G ratio of 9.99 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.04. The company 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 2.31 EPS for the current year.

Insider Transactions at Palo Alto Networks

In other news, EVP Dipak Golechha sold 27,500 shares of the stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $391.60, for a total value of $10,769,000.00. Following the completion of the transaction, the executive vice president owned 117,750 shares in the company, valued at approximately $46,110,900. This represents a 18.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 900 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $373.68, for a total transaction of $336,312.00. Following the completion of the transaction, the chief accounting officer owned 72,484 shares of the company’s stock, valued at approximately $27,085,821.12. This represents a 1.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 54,210 shares of company stock valued at $20,823,029 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Benchmark boosted their target price 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. Morgan Stanley set a $410.00 price target on Palo Alto Networks and gave the company an “overweight” rating in a research report on Monday, September 21st. Guggenheim reaffirmed a “neutral” rating on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Robert W. Baird set a $420.00 price objective on Palo Alto Networks and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Finally, Stifel Nicolaus set a $415.00 price objective on Palo Alto Networks and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.