4,845 Shares in Palo Alto Networks, Inc. $PANW Acquired by TSG Advice Partners LLC

Key Points

• TSG Advice Partners LLC acquired 4,845 Palo Alto Networks shares worth approximately $1.925 million in the third quarter, while institutional investors collectively own 79.82% of PANW.
• Palo Alto Networks insiders sold 54,210 shares valued at $20.8 million over the past 90 days. Despite the selling, analysts maintain a “Moderate Buy” consensus, with an average price target of $398.55.
• The company exceeded quarterly expectations, reporting $1.02 in earnings per share and $3.41 billion in revenue, up 34.5% year over year.

TSG Advice Partners LLC bought a new position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,845 shares of the network technology company's stock, valued at approximately $1,925,000.

A number of other institutional investors have also made changes to their positions in PANW. B&D White Capital Company LLC bought a new stake in shares of Palo Alto Networks in the 1st quarter worth approximately $353,000. Bridgewater Advisors Inc. bought a new position in Palo Alto Networks during the 2nd quarter worth $2,159,000. Mn Services Vermogensbeheer B.V. increased its position in Palo Alto Networks by 1.6% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 240,029 shares of the network technology company's stock worth $95,366,000 after buying an additional 3,700 shares during the period. First Citizens Bank & Trust Co. lifted its stake in Palo Alto Networks by 126.6% in the third quarter. First Citizens Bank & Trust Co. now owns 18,600 shares of the network technology company's stock valued at $7,390,000 after buying an additional 10,392 shares during the last quarter. Finally, Hamilton Wealth LLC lifted its stake in Palo Alto Networks by 57.7% in the first quarter. Hamilton Wealth LLC now owns 37,869 shares of the network technology company's stock valued at $6,071,000 after buying an additional 13,863 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total transaction of $7,533,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dipak Golechha sold 27,500 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 117,750 shares of the company's stock, valued at approximately $46,110,900. The trade was a 18.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 54,210 shares of company stock valued at $20,823,029. 0.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PANW shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $430.00 price target (up from $350.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Susquehanna lifted their price objective on shares of Palo Alto Networks from $350.00 to $415.00 and gave the company a "positive" rating in a research 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. Loop Capital upped their target price on shares of Palo Alto Networks from $290.00 to $350.00 and gave the stock a "hold" rating in a research report on Friday, August 21st. Finally, BMO Capital Markets restated an "outperform" rating and issued a $415.00 price target (up from $335.00) on shares of Palo Alto Networks in a research note on Thursday, August 20th. 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 company has a consensus rating of "Moderate Buy" and a consensus price target of $398.55.

Palo Alto Networks Stock Performance

PANW stock opened at $351.72 on Tuesday. The company has a 50-day simple moving average of $372.02 and a 200 day simple moving average of $270.70. The company has a market capitalization of $287.98 billion, a P/E ratio of 689.66, a PEG ratio of 11.31 and a beta of 0.93. 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, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $432.33.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.98 by $0.04. The firm had revenue of $3.41 billion for the quarter, compared to analysts' expectations of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. Palo Alto Networks's quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter last year, the company earned $0.95 EPS. 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. Sell-side analysts predict that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current fiscal 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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