19,835 Palo Alto Networks, Inc. $PANW Shares Sold by Strategic Planning Group LLC

Strategic Planning Group LLC trimmed its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 85.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,488 shares of the network technology company’s stock after selling 19,835 shares during the period. Strategic Planning Group LLC’s holdings in Palo Alto Networks were worth $1,386,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PANW. Solstein Capital LLC purchased a new position in Palo Alto Networks in the 2nd quarter valued at about $26,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Palo Alto Networks during the second quarter valued at about $27,000. Delos Wealth Advisors LLC purchased a new stake in shares of Palo Alto Networks during the second quarter worth about $28,000. Principia Wealth Advisory LLC increased its position 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 acquiring an additional 45 shares during the last quarter. Finally, Private Wealth Management Group LLC lifted its stake in shares of Palo Alto Networks by 148.1% in the first quarter. Private Wealth Management Group LLC now owns 201 shares of the network technology company’s stock worth $32,000 after acquiring an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Trading Up 2.2%

Shares of NASDAQ PANW opened at $354.92 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. The stock’s 50 day moving average price is $369.41 and its two-hundred day moving average price is $307.28. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $432.33. The stock has a market capitalization of $290.32 billion, a P/E ratio of 695.94, a PEG ratio of 9.99 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, topping 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 analyst estimates of $3.35 billion. During the same quarter last year, the firm earned $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. On average, analysts anticipate that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Josh Paul sold 900 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $373.68, for a total transaction of $336,312.00. Following the transaction, the chief accounting officer directly owned 72,484 shares in the company, valued at $27,085,821.12. This trade represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John P. Key sold 2,500 shares of Palo Alto Networks 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 completion of 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 position. 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. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PANW shares. Evercore reissued an “outperform” rating on shares of Palo Alto Networks in a report on Monday, August 31st. Tigress Financial increased their target price on Palo Alto Networks from $245.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. UBS Group reissued a “neutral” rating and set a $390.00 price target (up from $300.00) on shares of Palo Alto Networks in a research report on Wednesday, August 19th. Roth Capital restated a “neutral” rating and issued a $300.00 price target (up from $210.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Finally, Barclays restated an “overweight” rating and issued a $375.00 price target (up from $370.00) 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $398.55.

About Palo Alto Networks

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.