12,579 Palo Alto Networks, Inc. $PANW Shares Purchased by Trek Financial LLC

Key Points

• Trek Financial LLC increased its Palo Alto Networks stake by 1,908.8% in the third quarter, purchasing 12,579 additional shares for a total holding valued at $5.26 million. Institutional investors and hedge funds own 79.82% of the company.
• Analysts remain broadly bullish, with 39 Buy ratings and 11 Hold ratings. Palo Alto Networks has a “Moderate Buy” consensus rating and an average price target of $398.55.
• The company exceeded quarterly earnings and revenue estimates, reporting $1.02 in adjusted EPS and $3.41 billion in revenue, up 34.5% year over year. However, insiders sold 54,210 shares worth about $20.8 million over the past 90 days.

Trek Financial LLC boosted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 1,908.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,238 shares of the network technology company's stock after purchasing an additional 12,579 shares during the period. Trek Financial LLC's holdings in Palo Alto Networks were worth $5,260,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PANW. Solstein Capital LLC acquired a new stake in shares of Palo Alto Networks in the second quarter valued at approximately $26,000. N.E.W. Advisory Services LLC bought a new stake in shares of Palo Alto Networks in the second quarter worth $27,000. Delos Wealth Advisors LLC bought a new stake in Palo Alto Networks during the second quarter valued at $28,000. Principia Wealth Advisory LLC boosted its position in shares of Palo Alto Networks by 125.0% during the 2nd 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, Frazier Financial Advisors LLC lifted its position in Palo Alto Networks by 253.3% in the 1st quarter. Frazier Financial Advisors LLC now owns 212 shares of the network technology company's stock valued at $34,000 after acquiring an additional 152 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $425.00 target price on shares of Palo Alto Networks in a report on Tuesday, September 8th. BNP Paribas Exane raised their price target on shares of Palo Alto Networks from $380.00 to $400.00 and gave the company an "outperform" rating 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. Capital One Financial lifted their price objective on shares of Palo Alto Networks from $421.00 to $428.00 and gave the company an "overweight" rating in a research report on Wednesday, September 2nd. Finally, Stephens set a $400.00 price target on shares of Palo Alto Networks and gave the stock an "equal weight" rating in a research note on Wednesday, September 2nd. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Palo Alto Networks presently has an average rating of "Moderate Buy" and an average target price of $398.55.

Insider Transactions at Palo Alto Networks

In related news, EVP Dipak Golechha sold 27,500 shares of Palo Alto Networks stock in a transaction dated 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 sale, the executive vice president owned 117,750 shares of the company's stock, valued at $46,110,900. The trade was a 18.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Josh Paul sold 900 shares of Palo Alto Networks stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $373.68, for a total value of $336,312.00. Following the transaction, the chief accounting officer owned 72,484 shares of the company's stock, valued at $27,085,821.12. The trade was a 1.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 54,210 shares of company stock valued at $20,823,029. 0.55% of the stock is owned by company insiders.

Palo Alto Networks Stock Performance

NASDAQ:PANW opened at $365.87 on Monday. 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 has a market capitalization of $299.56 billion, a price-to-earnings ratio of 717.41, a PEG ratio of 10.49 and a beta of 0.96. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $432.33. The firm has a 50 day moving average of $372.15 and a 200 day moving average of $269.89.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The company'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. As a group, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current fiscal year.

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.

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