Palo Alto Networks, Inc. $PANW Shares Purchased by Everest Financial Group LLC

Everest Financial Group LLC raised its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 2.9% in the third quarter, HoldingsChannel.com reports. The firm owned 70,774 shares of the network technology company’s stock after buying an additional 1,968 shares during the period. Palo Alto Networks comprises about 3.3% of Everest Financial Group LLC’s investment portfolio, making the stock its 7th biggest holding. Everest Financial Group LLC’s holdings in Palo Alto Networks were worth $28,119,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Verus Financial Partners Inc. boosted its stake in Palo Alto Networks by 4.3% during the third quarter. Verus Financial Partners Inc. now owns 632 shares of the network technology company’s stock valued at $251,000 after buying an additional 26 shares in the last quarter. Consilium Wealth Advisory LLC grew its holdings in Palo Alto Networks by 2.5% during the third quarter. Consilium Wealth Advisory LLC now owns 1,117 shares of the network technology company’s stock worth $444,000 after acquiring an additional 27 shares during the period. MBA Advisors LLC grew its holdings in Palo Alto Networks by 1.7% during the third quarter. MBA Advisors LLC now owns 1,840 shares of the network technology company’s stock worth $731,000 after acquiring an additional 30 shares during the period. Grove Bank & Trust raised its position in Palo Alto Networks by 7.0% in the third quarter. Grove Bank & Trust now owns 472 shares of the network technology company’s stock worth $188,000 after acquiring an additional 31 shares in the last quarter. Finally, Riversedge Advisors LLC raised its position in Palo Alto Networks by 2.5% in the third quarter. Riversedge Advisors LLC now owns 1,285 shares of the network technology company’s stock worth $511,000 after acquiring an additional 31 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Recent Palo Alto Networks Headlines

Investors following PANW have been watching these headlines:

• Positive Sentiment: Palo Alto’s software-firewall annual recurring revenue rose 29%, with cloud and AI workloads supporting demand for its network-security products. Can Software Firewall Demand Boost PANW’s Network Security Growth?
• Positive Sentiment: Jefferies lowered its price target to $400 from $450 but maintained a Buy rating, while Bank of America reiterated Buy with a $420 target. Jefferies analyst action Bank of America’s outlook
• Negative Sentiment: A Zacks comparison favored Cloudflare over Palo Alto, citing Cloudflare’s stronger revenue-growth outlook and rising AI-security demand—potentially adding competitive pressure on PANW. PANW vs. NET: Which Cybersecurity Stock Should You Buy Right Now?

Palo Alto Networks Trading Down 3.5%

Shares of NASDAQ PANW opened at $322.66 on Friday. 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, Inc. has a 12 month low of $139.57 and a 12 month high of $432.33. The company has a market cap of $264.18 billion, a price-to-earnings ratio of 632.68, a P/E/G ratio of 9.59 and a beta of 0.96. The business has a fifty day simple moving average of $367.70 and a 200-day simple moving average of $276.51.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. The firm had revenue of $3.41 billion for the quarter, compared to analysts’ expectations 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 was up 34.5% on a year-over-year basis. During the same quarter last year, the business posted $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. Sell-side analysts predict that Palo Alto Networks, Inc. will post 2.32 EPS for the current year.

Insider Buying and Selling

In other news, CAO Josh D. Paul sold 900 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer owned 72,484 shares in the company, valued at $27,085,821.12. The trade was a 1.23% 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 the business’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the sale, the executive vice president owned 117,750 shares in the company, 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. Over the last 90 days, insiders sold 54,210 shares of company stock valued at $20,823,029. Company insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Citigroup reissued 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. BTIG Research lifted their price objective on shares of Palo Alto Networks from $404.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, September 28th. Mizuho set a $415.00 target price on shares of Palo Alto Networks and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Roth Capital reiterated a “neutral” rating and issued a $300.00 target price (up from $210.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Finally, Deutsche Bank reissued a “buy” rating and set a $430.00 target price (up from $350.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $397.49.

About Palo Alto Networks

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.