Palo Alto Networks, Inc. $PANW Shares Bought by XXI Wealth LLC

XXI Wealth LLC lifted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 72.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,274 shares of the network technology company’s stock after purchasing an additional 2,212 shares during the quarter. Palo Alto Networks accounts for about 0.8% of XXI Wealth LLC’s portfolio, making the stock its 26th biggest position. XXI Wealth LLC’s holdings in Palo Alto Networks were worth $2,095,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PANW. River Street Advisors LLC bought a new stake in shares of Palo Alto Networks during the third quarter worth $201,000. MLP3 LLC raised its holdings in shares of Palo Alto Networks by 2.8% during the third quarter. MLP3 LLC now owns 1,976 shares of the network technology company’s stock worth $785,000 after acquiring an additional 54 shares during the period. Private Wealth Partners LLC lifted its position in Palo Alto Networks by 0.4% in the 3rd quarter. Private Wealth Partners LLC now owns 11,547 shares of the network technology company’s stock valued at $4,588,000 after acquiring an additional 45 shares in the last quarter. Patrick M Sweeney & Associates Inc. bought a new stake in Palo Alto Networks in the 3rd quarter valued at $201,000. Finally, MBL Wealth LLC lifted its position in Palo Alto Networks by 6.5% in the 3rd quarter. MBL Wealth LLC now owns 4,096 shares of the network technology company’s stock valued at $1,627,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Up 7.2%

PANW traded up $25.63 during trading hours on Friday, hitting $380.55. 6,579,266 shares of the company’s stock were exchanged, compared to its average volume of 5,277,336. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $432.33. The stock’s 50-day moving average is $369.33 and its two-hundred day moving average is $307.79. The stock has a market cap of $311.29 billion, a price-to-earnings ratio of 746.19, a PEG ratio of 10.21 and a beta of 0.93. 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 (NASDAQ:PANW) last released its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter last year, the firm earned $0.95 earnings per share. The firm’s revenue for the quarter 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. Sell-side analysts predict that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Sanford C. Bernstein cut Palo Alto Networks from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $253.00 to $351.00 in a report on Thursday, September 17th. The Goldman Sachs Group reissued a “buy” rating and issued a $390.00 price target (up from $371.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Citigroup restated a “buy” rating and issued a $440.00 price target (up from $410.00) on shares of Palo Alto Networks in a report on Thursday, October 15th. Northland Securities set a $360.00 price objective on Palo Alto Networks and gave the stock a “market perform” rating in a research report on Wednesday, September 2nd. Finally, Loop Capital increased their price objective on Palo Alto Networks from $290.00 to $350.00 and gave the stock a “hold” rating in a report on Friday, August 21st. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $398.55.

Insider Activity

In related news, CAO Josh D. 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 sale, the chief accounting officer owned 77,987 shares of the company’s stock, valued at approximately $30,859,455.90. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dipak Golechha sold 27,500 shares of Palo Alto Networks stock in a transaction dated 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 sale, the executive vice president directly owned 117,750 shares in the company, valued at approximately $46,110,900. This represents a 18.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 54,210 shares of company stock worth $20,823,029. 1.40% of the stock is currently owned by company insiders.

Palo Alto Networks 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.