8,552 Palo Alto Networks, Inc. $PANW Shares Sold by Prime Capital Investment Advisors LLC

Key Points

• Prime Capital Investment Advisors cut its Palo Alto Networks stake by 12%, selling 8,552 shares and retaining 62,539 shares valued at approximately $24.8 million. Institutional investors and hedge funds collectively own 79.82% of the company.
• Palo Alto Networks shares fell 1.8% to $340.71, while the company reported quarterly EPS of $1.02 and revenue of $3.41 billion, exceeding analyst estimates; revenue increased 34.5% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $398.55. However, insiders sold 54,210 shares worth about $20.8 million over the past 90 days.

Prime Capital Investment Advisors LLC reduced its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 12.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,539 shares of the network technology company's stock after selling 8,552 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Palo Alto Networks were worth $24,847,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Ballast Inc. acquired a new position in shares of Palo Alto Networks in the third quarter valued at about $200,000. Boyd Wealth Management LLC acquired a new stake in Palo Alto Networks during the 3rd quarter worth approximately $434,000. Kenora Financial LLC grew its position in shares of Palo Alto Networks by 5.9% in the 3rd quarter. Kenora Financial LLC now owns 12,762 shares of the network technology company's stock valued at $5,070,000 after buying an additional 714 shares during the last quarter. Eagle Wealth Advisors LLC raised its position in shares of Palo Alto Networks by 3.0% in the 3rd quarter. Eagle Wealth Advisors LLC now owns 2,739 shares of the network technology company's stock worth $1,088,000 after acquiring an additional 79 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Palo Alto Networks by 1.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 118,150 shares of the network technology company's stock valued at $46,942,000 after purchasing an additional 1,587 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Stock Down 1.8%

Shares of PANW stock traded down $6.24 during midday trading on Tuesday, reaching $340.71. 1,963,730 shares of the stock were exchanged, compared to its average volume of 8,139,888. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. The company's 50 day moving average is $371.90 and its two-hundred day moving average is $303.36. The firm has a market cap of $278.70 billion, a PE ratio of 669.08, a price-to-earnings-growth ratio of 9.84 and a beta of 0.93. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $432.33.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $3.35 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The business'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. On average, equities research analysts predict that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PANW. The Goldman Sachs Group reiterated a "buy" rating and set a $390.00 price target (up from $371.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Guggenheim reissued a "neutral" rating on shares of Palo Alto Networks in a report on Wednesday, September 2nd. FBN Securities restated an "outperform" rating on shares of Palo Alto Networks in a research note on Wednesday, July 1st. Weiss Ratings upgraded Palo Alto Networks from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Finally, Evercore restated an "outperform" rating on shares of Palo Alto Networks in a research report on Monday, August 31st. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $398.55.

Insider Buying and Selling at Palo Alto Networks

In related news, CAO Josh Paul sold 400 shares of the business's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $395.70, for a total value of $158,280.00. Following the sale, the chief accounting officer directly owned 77,987 shares in the company, valued at approximately $30,859,455.90. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Aparna Bawa sold 250 shares of Palo Alto Networks stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $412.28, for a total value of $103,070.00. Following the completion of the transaction, the director owned 4,427 shares of the company's stock, valued at approximately $1,825,163.56. This trade represents a 5.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 54,210 shares of company stock worth $20,823,029. Insiders own 1.40% of the company's stock.

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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