Palo Alto Networks, Inc. $PANW Stock Sold by Davidson Capital Management Inc.

Davidson Capital Management Inc. lowered its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 27.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,408 shares of the network technology company’s stock after selling 8,027 shares during the quarter. Palo Alto Networks makes up 1.4% of Davidson Capital Management Inc.’s investment portfolio, making the stock its 10th largest position. Davidson Capital Management Inc.’s holdings in Palo Alto Networks were worth $8,506,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Palo Alto Networks during the second quarter valued at about $25,833,462,000. State Street Corp lifted its holdings in shares of Palo Alto Networks by 4.2% in the second quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock worth $12,610,748,000 after buying an additional 1,493,179 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Palo Alto Networks by 0.9% in the second quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock worth $7,734,973,000 after buying an additional 205,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Palo Alto Networks by 8.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company’s stock worth $2,993,802,000 after buying an additional 706,003 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Palo Alto Networks by 4.4% in the first quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company’s stock valued at $1,036,648,000 after acquiring an additional 273,103 shares during the period. Institutional investors own 79.82% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Dipak Golechha sold 27,500 shares of the firm’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 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 trade represents a 18.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total transaction of $7,533,600.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,210 shares of company stock valued at $20,823,029 over the last three months. Corporate insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Performance

NASDAQ:PANW opened at $370.27 on Friday. The business’s 50-day moving average price is $373.10 and its two-hundred day moving average price is $300.73. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $432.33. The stock has a market cap of $302.88 billion, a P/E ratio of 726.03, a PEG ratio of 10.79 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 issued its quarterly earnings results 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 return on equity of 8.50% and a net margin of 2.67%. The firm 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 company posted $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 analysts predict that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PANW shares. 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. Susquehanna upped their target price on shares of Palo Alto Networks from $350.00 to $415.00 and gave the stock a “positive” rating in a report on Wednesday, September 2nd. Stifel Nicolaus set a $415.00 target price on shares of Palo Alto Networks and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Scotiabank downgraded shares of Palo Alto Networks from a “sector outperform” rating to a “hold” rating in a report on Wednesday, September 2nd. Finally, 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 report on Wednesday, September 2nd. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, Palo Alto Networks has a consensus rating of “Moderate Buy” and an average price target of $393.02.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc is a cybersecurity company that provides solutions designed to help organizations protect networks, endpoints, cloud environments, applications and users from cyber threats. Its offerings include next-generation firewalls, cloud-delivered security services, secure access service edge (SASE) solutions, endpoint protection and security operations tools.

The company also provides platforms and services for cloud security, threat intelligence, incident response, vulnerability management and the automation of security operations.