1,593 Palo Alto Networks, Inc. $PANW Shares Sold by Crew Capital Management Ltd

Crew Capital Management Ltd reduced its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 27.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,182 shares of the network technology company’s stock after selling 1,593 shares during the quarter. Crew Capital Management Ltd’s holdings in Palo Alto Networks were worth $1,662,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Solstein Capital LLC bought a new stake in Palo Alto Networks in the 2nd quarter worth $26,000. N.E.W. Advisory Services LLC bought a new position in shares of Palo Alto Networks during the second quarter valued at about $27,000. Delos Wealth Advisors LLC bought a new position in shares of Palo Alto Networks during the second quarter valued at about $28,000. Principia Wealth Advisory LLC boosted its holdings 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 during the period. Finally, Curry Webb Wealth Management LLC purchased a new stake in shares of Palo Alto Networks during the third quarter worth about $36,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $380.57 on Friday. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $432.33. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87. The company’s 50-day moving average is $371.82 and its 200 day moving average is $269.01. The stock has a market capitalization of $311.60 billion, a P/E ratio of 746.23, a P/E/G ratio of 11.31 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the firm earned $0.95 earnings per share. Palo Alto Networks’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, sell-side analysts expect that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on PANW shares. Barclays reissued an “overweight” rating and issued a $375.00 target price (up from $370.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $425.00 price target on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Scotiabank cut Palo Alto Networks from a “sector outperform” rating to a “hold” rating in a report on Wednesday, September 2nd. Evercore reiterated an “outperform” rating on shares of Palo Alto Networks in a research report on Monday, August 31st. Finally, Roth Capital reissued a “neutral” rating and set a $300.00 target price (up from $210.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $398.55.

Insider Activity

In other news, Director John Key sold 2,500 shares of the firm’s 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 owned 10,000 shares in the company, valued at $3,760,300. This trade represents a 20.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dipak Golechha sold 27,500 shares of Palo Alto Networks 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 owned 117,750 shares in the company, valued at $46,110,900. This represents a 18.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 54,210 shares of company stock worth $20,823,029. Company insiders own 1.40% of the company’s stock.

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.