Brookstone Capital Management Sells 35,563 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Brookstone Capital Management reduced its Palo Alto Networks stake by 37.1% in the third quarter, selling 35,563 shares and retaining 60,237 shares worth approximately $23.9 million. Institutional investors collectively own 79.82% of PANW.
• Analysts remain broadly positive, with 39 Buy ratings and 11 Hold ratings; MarketBeat reports a consensus “Moderate Buy” rating and a $398.55 price target.
• Palo Alto Networks recently exceeded quarterly earnings and revenue estimates, reporting $1.02 in EPS and $3.41 billion in revenue, up 34.5% year over year. However, insiders sold 54,210 shares worth about $20.8 million over the past 90 days.

Brookstone Capital Management cut its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 37.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,237 shares of the network technology company's stock after selling 35,563 shares during the period. Brookstone Capital Management's holdings in Palo Alto Networks were worth $23,933,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in PANW. Janney Montgomery Scott LLC grew its stake in Palo Alto Networks by 15.0% in the first quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company's stock valued at $65,796,000 after acquiring an additional 53,485 shares during the period. B&D White Capital Company LLC acquired a new stake in Palo Alto Networks in the 1st quarter valued at $353,000. Bridgewater Advisors Inc. bought a new stake in Palo Alto Networks during the 2nd quarter valued at $2,159,000. Granite Islands Private Wealth LLC increased its stake in Palo Alto Networks by 43.6% during the 1st quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company's stock valued at $2,453,000 after purchasing an additional 4,659 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its holdings in Palo Alto Networks by 1.6% during 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 last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PANW. Yorkville Ives initiated coverage on shares of Palo Alto Networks in a research note on Monday, October 5th. They issued an "outperform" rating and a $500.00 price objective on the stock. Wells Fargo & Company restated an "overweight" rating and issued a $525.00 target price (up from $475.00) on shares of Palo Alto Networks in a report on Monday, October 12th. HSBC lowered their target price on shares of Palo Alto Networks from $201.00 to $190.00 in a report on Thursday, September 3rd. DA Davidson raised their price target on shares of Palo Alto Networks from $345.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, September 2nd. Finally, Stephens set a $400.00 price target on Palo Alto Networks and gave the company an "equal weight" rating in a research note on Wednesday, September 2nd. Thirty-nine 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 stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $398.55.

Palo Alto Networks Stock Up 2.2%

Shares of NASDAQ:PANW opened at $354.92 on Friday. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $432.33. The company has a market capitalization of $290.32 billion, a PE ratio of 168.57, a price-to-earnings-growth ratio of 9.99 and a beta of 0.93. The business has a fifty day moving average price of $369.41 and a two-hundred day moving average price of $307.28. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87.

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, topping analysts' consensus estimates of $0.98 by $0.04. The business had revenue of $3.41 billion during 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 firm's quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 earnings per share. 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 forecast that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

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 dated Thursday, September 17th. The stock was sold at an average price of $376.68, for a total value of $7,533,600.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Dipak Golechha sold 27,500 shares of the firm's stock in a transaction that occurred 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 directly owned 117,750 shares in the company, valued at $46,110,900. This represents a 18.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 54,210 shares of company stock valued at $20,823,029 in the last 90 days. Corporate insiders own 1.40% of the company's stock.

About Palo Alto Networks

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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