Palo Alto Networks, Inc. $PANW Stake Cut by Lmcg Investments LLC

Lmcg Investments LLC lessened its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 30.7% in the third quarter, HoldingsChannel.com reports. The firm owned 40,039 shares of the network technology company’s stock after selling 17,745 shares during the period. Lmcg Investments LLC’s holdings in Palo Alto Networks were worth $15,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Obermeyer Wealth Partners lifted its holdings in Palo Alto Networks by 6.6% in the third quarter. Obermeyer Wealth Partners now owns 4,560 shares of the network technology company’s stock worth $1,812,000 after acquiring an additional 283 shares during the last quarter. Wealth Management Partners LLC boosted its stake in Palo Alto Networks by 1.3% in the third quarter. Wealth Management Partners LLC now owns 10,193 shares of the network technology company’s stock valued at $4,050,000 after acquiring an additional 132 shares during the period. Eagle Rock Investment Company LLC boosted its stake in Palo Alto Networks by 8.3% in the third quarter. Eagle Rock Investment Company LLC now owns 13,091 shares of the network technology company’s stock valued at $5,201,000 after acquiring an additional 1,000 shares during the period. Kings Path Partners LLC bought a new position in shares of Palo Alto Networks during the third quarter valued at approximately $114,000. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Palo Alto Networks by 5.1% during the third quarter. Crossmark Global Holdings Inc. now owns 42,885 shares of the network technology company’s stock valued at $17,039,000 after purchasing an additional 2,095 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling at Palo Alto Networks

In related news, Director James Goetz sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total value of $7,533,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John P. Key sold 2,500 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $376.03, for a total value of $940,075.00. Following the completion of the transaction, the director directly owned 10,000 shares of the company’s stock, valued at $3,760,300. This trade represents a 20.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 54,210 shares of company stock valued at $20,823,029. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PANW shares. Wedbush assumed coverage on Palo Alto Networks in a research report on Friday, September 11th. They set an “outperform” rating and a $400.00 price target on the stock. Capital One Financial boosted their price objective on Palo Alto Networks from $421.00 to $428.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Mizuho set a $415.00 price objective on Palo Alto Networks and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Yorkville Ives assumed coverage on Palo Alto Networks in a research note on Monday, October 5th. They set an “outperform” rating and a $500.00 price objective for the company. Finally, Phillip Securities downgraded Palo Alto Networks from a “moderate buy” rating to a “hold” rating and upped their price objective for the stock from $320.00 to $346.00 in a research note on Monday, September 7th. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Palo Alto Networks has a consensus rating of “Moderate Buy” and a consensus target price of $398.55.

Palo Alto Networks Trading Up 2.0%

Palo Alto Networks stock opened at $347.25 on Thursday. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $432.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $284.05 billion, a price-to-earnings ratio of 680.90, a PEG ratio of 9.79 and a beta of 0.93. The firm has a 50-day moving average price of $370.23 and a two-hundred day moving average price of $305.93.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating the consensus estimate 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 company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter last year, the business earned $0.95 earnings per share. Palo Alto Networks’s revenue 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 expect that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

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.