3,485 Shares of Palo Alto Networks, Inc. $PANW Purchased by Partners Wealth Management LLC

Key Points

• Partners Wealth Management purchased 3,485 Palo Alto Networks shares worth approximately $1.385 million in the third quarter. Institutional investors and hedge funds collectively own 79.82% of PANW.
• PANW insiders sold 54,210 shares valued at about $20.8 million during the last quarter, including sales by EVP Dipak Golechha and Director Aparna Bawa.
• Analysts maintain a favorable outlook, with 39 Buy ratings and 11 Holds, producing a “Moderate Buy” consensus and an average price target of $398.55. The stock opened at $365.87, down 3.9%, despite the company beating quarterly earnings and revenue estimates.

Partners Wealth Management LLC bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,485 shares of the network technology company's stock, valued at approximately $1,385,000.

Several other hedge funds have also recently modified their holdings of the stock. Soltis Investment Advisors LLC lifted its holdings in Palo Alto Networks by 52.2% in the 3rd quarter. Soltis Investment Advisors LLC now owns 6,196 shares of the network technology company's stock valued at $2,462,000 after purchasing an additional 2,125 shares in the last quarter. Founders Financial Securities LLC boosted its stake in Palo Alto Networks by 1.8% during the 3rd quarter. Founders Financial Securities LLC now owns 6,509 shares of the network technology company's stock worth $2,586,000 after purchasing an additional 115 shares during the last quarter. Argentarii LLC grew its holdings in shares of Palo Alto Networks by 0.5% during the third quarter. Argentarii LLC now owns 9,215 shares of the network technology company's stock worth $3,661,000 after buying an additional 45 shares in the last quarter. Creative Capital Management Investments LLC grew its holdings in shares of Palo Alto Networks by 239.3% during the third quarter. Creative Capital Management Investments LLC now owns 95 shares of the network technology company's stock worth $38,000 after buying an additional 67 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. grew its holdings in shares of Palo Alto Networks by 16.5% during the third quarter. China Universal Asset Management Co. Ltd. now owns 47,658 shares of the network technology company's stock worth $18,511,000 after buying an additional 6,738 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Insider Activity

In other news, EVP Dipak Golechha sold 27,500 shares of the 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 completion of the sale, the executive vice president owned 117,750 shares of the company's stock, valued at $46,110,900. This represents a 18.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Aparna Bawa sold 250 shares of the firm's stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $412.28, for a total transaction of $103,070.00. Following the sale, the director owned 4,427 shares of the company's stock, valued at $1,825,163.56. This represents a 5.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 54,210 shares of company stock valued at $20,823,029 in the last quarter. Insiders own 1.40% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PANW shares. Wells Fargo & Company reissued an "overweight" rating and issued a $525.00 price target (up from $475.00) on shares of Palo Alto Networks in a research note on Monday, October 12th. Stephens set a $400.00 price objective on shares of Palo Alto Networks and gave the company an "equal weight" rating in a research note on Wednesday, September 2nd. Rosenblatt Securities upped their price objective on shares of Palo Alto Networks from $355.00 to $415.00 and gave the company a "buy" rating in a research note on Wednesday, September 2nd. BNP Paribas Exane increased their price objective on shares of Palo Alto Networks from $380.00 to $400.00 and gave the company an "outperform" rating in a report on Wednesday, September 2nd. Finally, Tigress Financial raised their target price on shares of Palo Alto Networks from $245.00 to $430.00 and gave the stock a "buy" rating in a research note on Wednesday, July 15th. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $398.55.

Palo Alto Networks Stock Down 3.9%

Shares of PANW opened at $365.87 on Friday. 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 $299.56 billion, a PE ratio of 717.41, a price-to-earnings-growth ratio of 10.92 and a beta of 0.93. The stock has a fifty day simple moving average of $372.15 and a two-hundred day simple moving average of $269.89. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $3.41 billion for the quarter, compared to analysts' expectations of $3.35 billion. During the same quarter in the previous year, the company posted $0.95 EPS. The company's revenue was up 34.5% compared to the same quarter last year. 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, equities analysts forecast that Palo Alto Networks, Inc. will post 2.32 EPS for the current year.

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.

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