Bokf Na Sells 5,498 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Bokf Na cut its Palo Alto Networks stake by 10.9% in the third quarter, selling 5,498 shares and retaining 44,871 shares valued at approximately $17.8 million.
• Palo Alto Networks reported quarterly revenue of $3.41 billion, up 34.5% year over year, and EPS of $1.02, beating analyst expectations.
• Analyst sentiment remains positive, with 39 Buy ratings and 11 Holds; the stock carries a “Moderate Buy” consensus and an average price target of $398.55, while insiders sold more than $20.8 million in shares during the latest quarter.

Bokf Na reduced its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 10.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,871 shares of the network technology company's stock after selling 5,498 shares during the quarter. Bokf Na's holdings in Palo Alto Networks were worth $17,828,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. B&D White Capital Company LLC acquired a new stake in shares of Palo Alto Networks during the first quarter worth about $353,000. Bridgewater Advisors Inc. bought a new position in shares of Palo Alto Networks during the 2nd quarter valued at about $2,159,000. Mn Services Vermogensbeheer B.V. grew its position in shares of Palo Alto Networks by 1.6% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 240,029 shares of the network technology company's stock valued at $95,366,000 after purchasing an additional 3,700 shares during the period. First Citizens Bank & Trust Co. grew its position in shares of Palo Alto Networks by 126.6% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 18,600 shares of the network technology company's stock valued at $7,390,000 after purchasing an additional 10,392 shares during the period. Finally, Hamilton Wealth LLC grew its position in shares of Palo Alto Networks by 57.7% in the 1st quarter. Hamilton Wealth LLC now owns 37,869 shares of the network technology company's stock valued at $6,071,000 after purchasing an additional 13,863 shares during the period. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Trading Down 1.8%

NASDAQ:PANW opened at $394.49 on Thursday. The company has a market cap of $322.69 billion, a P/E ratio of 773.52, a price-to-earnings-growth ratio of 10.95 and a beta of 0.93. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $432.33. The business has a 50 day moving average price of $371.40 and a two-hundred day moving average price of $268.05. 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 posted its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the company earned $0.95 earnings per share. The firm'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, analysts expect that Palo Alto Networks, Inc. will post 2.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Citizens Jmp raised their target price on shares of Palo Alto Networks from $320.00 to $415.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 12th. BTIG Research upped their price target on shares of Palo Alto Networks from $404.00 to $425.00 and gave the company a "buy" rating in a report on Monday, September 28th. Truist Financial set a $400.00 price target on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Royal Bank Of Canada increased their price objective on shares of Palo Alto Networks from $434.00 to $475.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 2nd. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $425.00 price objective on shares of Palo Alto Networks in a report on Tuesday, September 8th. Thirty-nine 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, Palo Alto Networks has an average rating of "Moderate Buy" and a consensus price target of $398.55.

Insiders Place Their Bets

In related news, CAO Josh Paul sold 900 shares of the firm's 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 of the company's stock, valued at approximately $27,085,821.12. This trade represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dipak Golechha sold 27,500 shares of Palo Alto Networks stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the completion of the sale, the executive vice president owned 117,750 shares in the company, valued at $46,110,900. The trade was a 18.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 54,210 shares of company stock valued at $20,823,029 in the last quarter. Company insiders own 1.40% of the company's stock.

Palo Alto Networks Company 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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