5,091 Palo Alto Networks, Inc. $PANW Shares Sold by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual Private Wealth & Trust FSB reduced its Palo Alto Networks stake by 5.1%, selling 5,091 shares during the third quarter and retaining 93,880 shares valued at approximately $37.3 million. Institutional investors own 79.82% of PANW.
• Palo Alto Networks insiders sold 54,260 shares worth about $20.8 million during the last quarter, including director sales by James J. Goetz and Aparna Bawa.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $391.32. The company recently exceeded quarterly earnings and revenue estimates, reporting $1.02 EPS and $3.41 billion in revenue, up 34.5% year over year.

MassMutual Private Wealth & Trust FSB cut its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 5.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,880 shares of the network technology company's stock after selling 5,091 shares during the quarter. Palo Alto Networks makes up about 1.0% of MassMutual Private Wealth & Trust FSB's investment portfolio, making the stock its 26th biggest position. MassMutual Private Wealth & Trust FSB's holdings in Palo Alto Networks were worth $37,299,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PANW. Silverleafe Capital Partners LLC purchased a new stake in Palo Alto Networks during the third quarter valued at approximately $572,000. Miller Global Investments LLC increased its position in shares of Palo Alto Networks by 406.7% during the 3rd quarter. Miller Global Investments LLC now owns 456 shares of the network technology company's stock valued at $181,000 after purchasing an additional 366 shares during the last quarter. First Citizens Financial Corp increased its position in shares of Palo Alto Networks by 8.7% during the 3rd quarter. First Citizens Financial Corp now owns 688 shares of the network technology company's stock valued at $273,000 after purchasing an additional 55 shares during the last quarter. Polaris Financial Partners purchased a new stake in Palo Alto Networks during the 3rd quarter valued at $3,476,000. Finally, Boltwood Capital Management lifted its position in Palo Alto Networks by 3.0% in the third quarter. Boltwood Capital Management now owns 4,123 shares of the network technology company's stock worth $1,638,000 after buying an additional 120 shares during the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of the company's 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Aparna Bawa sold 260 shares of Palo Alto Networks stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $392.69, for a total value of $102,099.40. Following the completion of the transaction, the director owned 4,677 shares in the company, valued at $1,836,611.13. This represents a 5.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 54,260 shares of company stock valued at $20,804,474 over the last quarter. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PANW has been the topic of a number of analyst reports. BMO Capital Markets reiterated an "outperform" rating and set a $415.00 price objective (up from $335.00) on shares of Palo Alto Networks in a research report on Thursday, August 20th. Phillip Securities cut shares of Palo Alto Networks from a "moderate buy" rating to a "hold" rating and lifted their price target for the stock from $320.00 to $346.00 in a research note on Monday, September 7th. Arete Research upped their price target on shares of Palo Alto Networks from $185.00 to $433.00 and gave the company a "buy" rating in a report on Monday, June 29th. New Street Research set a $415.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $430.00 price objective (up from $350.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Thirty-eight investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Palo Alto Networks presently has an average rating of "Moderate Buy" and an average target price of $391.32.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $403.24 on Monday. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $409.50. The company's 50-day moving average price is $362.05 and its 200-day moving average price is $285.61. The stock has a market cap of $329.85 billion, a PE ratio of 790.68, a PEG ratio of 11.61 and a beta of 0.93. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.04. The business had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The company's revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period in the prior year, the firm 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. Equities research analysts forecast that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

About Palo Alto Networks

Palo Alto Networks, Inc is a cybersecurity company that provides solutions designed to help organizations protect networks, endpoints, cloud environments, applications and users from cyber threats. Its offerings include next-generation firewalls, cloud-delivered security services, secure access service edge (SASE) solutions, endpoint protection and security operations tools.

The company also provides platforms and services for cloud security, threat intelligence, incident response, vulnerability management and the automation of security operations.

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