6,950 Shares in Palo Alto Networks, Inc. $PANW Purchased by Oak Grove Capital LLC

Key Points

• Oak Grove Capital LLC initiated a Palo Alto Networks position by purchasing 6,950 shares valued at approximately $2.76 million. Institutional investors collectively own 79.82% of PANW shares.
• Palo Alto Networks reported quarterly adjusted EPS of $1.02, beating estimates by $0.04, while revenue rose 34.5% year over year to $3.41 billion.
• Shares opened at $418.78 after a 5.1% gain, while analysts maintained a generally positive view with a consensus “Moderate Buy” rating and an average price target of $391.32. Insiders, however, sold $20.8 million of stock over the past three months.

Oak Grove Capital LLC bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,950 shares of the network technology company's stock, valued at approximately $2,761,000.

A number of other institutional investors have also made changes to their positions in the business. Janney Montgomery Scott LLC increased its stake in shares of Palo Alto Networks by 15.0% during the first quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company's stock worth $65,796,000 after purchasing an additional 53,485 shares during the period. Aviva PLC boosted its stake in Palo Alto Networks by 5.4% in the 4th quarter. Aviva PLC now owns 568,804 shares of the network technology company's stock valued at $104,774,000 after purchasing an additional 29,230 shares during the period. B&D White Capital Company LLC bought a new position in Palo Alto Networks during the 1st quarter worth $353,000. Bridgewater Advisors Inc. bought a new position in Palo Alto Networks during the 2nd quarter worth $2,159,000. Finally, Granite Islands Private Wealth LLC lifted its holdings in shares of Palo Alto Networks by 43.6% during the first quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company's stock worth $2,453,000 after buying an additional 4,659 shares in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Aparna Bawa sold 1,000 shares of Palo Alto Networks stock in a transaction on Monday, September 14th. The stock was sold at an average price of $373.61, for a total value of $373,610.00. Following the transaction, the director owned 5,437 shares in the company, valued at approximately $2,031,317.57. This trade represents a 15.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Josh D. Paul sold 900 shares of Palo Alto Networks stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $373.68, for a total value of $336,312.00. Following the completion of the transaction, the chief accounting officer owned 72,484 shares in the company, valued at approximately $27,085,821.12. The trade was a 1.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,210 shares of company stock valued at $20,823,029 over the last three months. 1.40% of the stock is owned by corporate insiders.

Palo Alto Networks Trading Up 5.1%

PANW opened at $418.78 on Friday. The stock has a market capitalization of $342.56 billion, a price-to-earnings ratio of 821.15, a P/E/G ratio of 11.47 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 twelve month low of $139.57 and a twelve month high of $432.33. The company has a 50-day simple moving average of $370.88 and a 200 day simple moving average of $293.25.

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 analyst estimates of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The business's quarterly revenue was up 34.5% compared to the same quarter last year. During the same period last 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. Analysts predict that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on PANW shares. FBN Securities restated an "outperform" rating on shares of Palo Alto Networks in a research note on Wednesday, July 1st. Mizuho set a $415.00 price objective on shares of Palo Alto Networks and gave the stock an "outperform" rating in a research note on Wednesday, August 19th. Jefferies Financial Group restated a "buy" rating and set a $450.00 target price (up from $335.00) on shares of Palo Alto Networks in a research report on Friday, August 28th. UBS Group reaffirmed a "neutral" rating and set a $390.00 target price (up from $300.00) on shares of Palo Alto Networks in a report on Wednesday, August 19th. Finally, William Blair reiterated an "outperform" rating on shares of Palo Alto Networks in a research report on Tuesday, June 16th. Thirty-eight investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Palo Alto Networks currently has an average rating of "Moderate Buy" and a consensus price target of $391.32.

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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