Palo Alto Networks, Inc. $PANW Shares Sold by Searle & CO.

Searle & CO. decreased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 5.6% during the third quarter, HoldingsChannel reports. The firm owned 53,914 shares of the network technology company’s stock after selling 3,200 shares during the period. Palo Alto Networks makes up approximately 5.0% of Searle & CO.’s holdings, making the stock its 2nd biggest holding. Searle & CO.’s holdings in Palo Alto Networks were worth $21,421,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PANW. Triton Wealth Management PLLC boosted its position in Palo Alto Networks by 16.7% during the third quarter. Triton Wealth Management PLLC now owns 1,019 shares of the network technology company’s stock valued at $405,000 after buying an additional 146 shares during the period. D.B. Root & Company LLC increased its holdings in shares of Palo Alto Networks by 8.0% in the third quarter. D.B. Root & Company LLC now owns 650 shares of the network technology company’s stock worth $258,000 after buying an additional 48 shares during the period. 71 West Capital Partners increased its holdings in shares of Palo Alto Networks by 1.8% in the third quarter. 71 West Capital Partners now owns 65,002 shares of the network technology company’s stock worth $25,826,000 after buying an additional 1,143 shares during the period. Welch & Forbes LLC increased its holdings in shares of Palo Alto Networks by 0.3% in the third quarter. Welch & Forbes LLC now owns 323,284 shares of the network technology company’s stock worth $128,444,000 after buying an additional 892 shares during the period. Finally, Montis Financial LLC increased its holdings in shares of Palo Alto Networks by 7.3% in the third quarter. Montis Financial LLC now owns 673 shares of the network technology company’s stock worth $267,000 after buying an additional 46 shares during the period. Institutional investors own 79.82% of the company’s stock.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 27,500 shares of Palo Alto Networks stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the completion of the transaction, the executive vice president owned 117,750 shares in the company, valued at approximately $46,110,900. The trade was a 18.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Josh Paul sold 900 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $373.68, for a total value of $336,312.00. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 54,210 shares of company stock worth $20,823,029 over the last quarter. 0.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PANW has been the topic of several recent research reports. Northland Securities set a $360.00 price target on Palo Alto Networks and gave the stock a “market perform” rating in a research report on Wednesday, September 2nd. Tigress Financial boosted their price objective on Palo Alto Networks from $245.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Phillip Securities downgraded Palo Alto Networks from a “moderate buy” rating to a “hold” rating and boosted their price objective for the company from $320.00 to $346.00 in a research report on Monday, September 7th. Citizens Jmp increased their price objective on Palo Alto Networks from $320.00 to $415.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 12th. Finally, Loop Capital raised their target price on shares of Palo Alto Networks from $290.00 to $350.00 and gave the stock a “hold” rating in a report on Friday, August 21st. Thirty-nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $398.55.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock opened at $326.36 on Wednesday. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $432.33. The firm has a market capitalization of $267.21 billion, a P/E ratio of 639.93, a P/E/G ratio of 9.49 and a beta of 0.96. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $368.37 and a two-hundred day simple moving average of $275.05.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating 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 business 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 firm earned $0.95 earnings per share. The business’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. On average, equities analysts forecast that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current fiscal year.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc. is a cybersecurity company that provides products and services to help organizations protect their networks, cloud environments, devices and applications. Its offerings include next-generation firewalls, cloud security tools, secure access services and platforms for detecting and responding to cyber threats. The company’s product portfolio includes Prisma for cloud and network security and Cortex for security operations, including threat detection and response. It also provides cybersecurity consulting and incident-response services through Unit 42.