57,700 Palo Alto Networks, Inc. $PANW Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lessened its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 36.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 98,565 shares of the network technology company’s stock after selling 57,700 shares during the period. Palo Alto Networks comprises approximately 0.9% of E. Ohman J or Asset Management AB’s holdings, making the stock its 21st biggest holding. E. Ohman J or Asset Management AB’s holdings in Palo Alto Networks were worth $39,161,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Solstein Capital LLC acquired a new stake in Palo Alto Networks in the 2nd quarter valued at $26,000. N.E.W. Advisory Services LLC purchased a new position in Palo Alto Networks in the second quarter valued at about $27,000. Delos Wealth Advisors LLC purchased a new position in Palo Alto Networks in the second quarter valued at about $28,000. Principia Wealth Advisory LLC lifted its stake in shares of Palo Alto Networks by 125.0% during the second quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock worth $28,000 after purchasing an additional 45 shares in the last quarter. Finally, EMC Capital Management acquired a new position in shares of Palo Alto Networks during the second quarter worth about $34,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Price Performance

PANW stock opened at $354.92 on Friday. The stock’s 50 day moving average is $369.41 and its two-hundred day moving average is $307.28. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $432.33. The company has a market capitalization of $290.32 billion, a PE ratio of 695.94, a P/E/G ratio of 9.99 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 EPS for the quarter, beating the consensus estimate 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 company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the prior year, the business posted $0.95 EPS. The business’s revenue 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. Analysts predict that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

PANW has been the subject of a number of recent research reports. DA Davidson increased their target price on Palo Alto Networks from $345.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Oppenheimer reissued an “outperform” rating and set a $450.00 price target (up from $400.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Truist Financial set a $400.00 price target on Palo Alto Networks in a report on Wednesday, September 2nd. Tigress Financial increased their price objective on shares of Palo Alto Networks from $245.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Finally, Susquehanna lifted their price objective on shares of Palo Alto Networks from $350.00 to $415.00 and gave the company a “positive” rating in a research note on Wednesday, September 2nd. Thirty-nine analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $398.55.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 27,500 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 117,750 shares in the company, valued at $46,110,900. This represents a 18.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John P. Key sold 2,500 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $376.03, for a total transaction of $940,075.00. Following the transaction, the director directly owned 10,000 shares of the company’s stock, valued at approximately $3,760,300. This represents a 20.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 54,210 shares of company stock valued at $20,823,029 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Palo Alto Networks Company 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.