11,895 Palo Alto Networks, Inc. $PANW Shares Sold by Philadelphia Trust Co.

Philadelphia Trust Co. cut its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 9.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,149 shares of the network technology company’s stock after selling 11,895 shares during the period. Palo Alto Networks makes up 3.1% of Philadelphia Trust Co.’s portfolio, making the stock its 7th biggest position. Philadelphia Trust Co.’s holdings in Palo Alto Networks were worth $46,942,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PANW. Verus Financial Partners Inc. raised its position in Palo Alto Networks by 4.3% in the 3rd quarter. Verus Financial Partners Inc. now owns 632 shares of the network technology company’s stock worth $251,000 after buying an additional 26 shares during the last quarter. Consilium Wealth Advisory LLC lifted its stake in Palo Alto Networks by 2.5% during the 3rd 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 during the period. MBA Advisors LLC boosted its holdings in shares of Palo Alto Networks by 1.7% during the 3rd 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 holdings in shares of Palo Alto Networks by 7.0% during the 3rd 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 boosted its holdings in shares of 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 valued at $511,000 after acquiring an additional 31 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. BNP Paribas Exane lifted their price target on shares of Palo Alto Networks from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Stifel Nicolaus set a $415.00 price objective on shares of Palo Alto Networks and gave the company a “buy” rating in a research report on Wednesday, August 19th. Rosenblatt Securities raised their target price on shares of Palo Alto Networks from $355.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Evercore restated an “outperform” rating on shares of Palo Alto Networks in a report on Monday, August 31st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $450.00 target price (up from $335.00) on shares of Palo Alto Networks in a research report on Friday, August 28th. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Palo Alto Networks currently has an average rating of “Moderate Buy” and an average target price of $398.55.

Palo Alto Networks Stock Down 1.4%

PANW opened at $326.36 on Wednesday. The firm’s 50 day simple moving average is $368.37 and its two-hundred day simple moving average is $275.05. The company has a market capitalization of $267.21 billion, a PE ratio of 639.93, a PEG ratio of 9.49 and a beta of 0.96. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $432.33. 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 (NASDAQ:PANW) last issued its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) 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 firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the previous year, the firm posted $0.95 EPS. The company’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. As a group, equities analysts forecast that Palo Alto Networks, Inc. will post 2.32 EPS for the current year.

Insider Buying and Selling

In related news, Director Aparna Bawa sold 1,000 shares of Palo Alto Networks stock in a transaction on Monday, September 14th. The stock was sold at an average price of $373.61, for a total transaction of $373,610.00. Following the transaction, the director directly owned 5,437 shares in the company, valued at approximately $2,031,317.57. The trade was a 15.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dipak Golechha sold 27,500 shares of the business’s 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 sale, the executive vice president directly owned 117,750 shares of the company’s stock, valued at $46,110,900. This represents a 18.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 54,210 shares of company stock worth $20,823,029 in the last quarter. Company insiders own 0.55% of the company’s stock.

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.