Evergreen Capital Management LLC Sells 7,896 Shares of Palo Alto Networks, Inc. $PANW

Evergreen Capital Management LLC reduced its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 13.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 51,383 shares of the network technology company's stock after selling 7,896 shares during the period. Evergreen Capital Management LLC's holdings in Palo Alto Networks were worth $20,415,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Solstein Capital LLC acquired a new position in shares of Palo Alto Networks during the second quarter worth about $26,000. N.E.W. Advisory Services LLC bought a new position in shares of Palo Alto Networks during the second quarter worth about $27,000. Delos Wealth Advisors LLC bought a new position in shares of Palo Alto Networks during the second quarter worth about $28,000. Principia Wealth Advisory LLC raised its position in Palo Alto Networks by 125.0% in the 2nd quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company's stock valued at $28,000 after buying an additional 45 shares during the last quarter. Finally, Private Wealth Management Group LLC raised its position in Palo Alto Networks by 148.1% in the 1st quarter. Private Wealth Management Group LLC now owns 201 shares of the network technology company's stock valued at $32,000 after buying an additional 120 shares during the last quarter. Institutional investors own 79.82% of the company's stock.

Insiders Place Their Bets

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total value of $7,533,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dipak Golechha sold 27,500 shares of Palo Alto Networks stock in a transaction dated 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 transaction, the executive vice president directly owned 117,750 shares of the company's stock, valued at approximately $46,110,900. This trade represents a 18.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 54,210 shares of company stock valued at $20,823,029 in the last ninety days. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on PANW. Mizuho set a $415.00 target price on Palo Alto Networks and gave the company an "outperform" rating in a research note on Wednesday, August 19th. UBS Group reaffirmed a "neutral" rating and set a $390.00 price target (up from $300.00) on shares of Palo Alto Networks in a research note on Wednesday, August 19th. Roth Capital reiterated a "neutral" rating and issued a $300.00 price objective (up from $210.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Citizens Jmp boosted their price objective on shares of Palo Alto Networks from $320.00 to $415.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 12th. Finally, Evercore restated an "outperform" rating on shares of Palo Alto Networks in a report on Monday, August 31st. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Palo Alto Networks has an average rating of "Moderate Buy" and a consensus price target of $398.55.

Palo Alto Networks Stock Up 7.2%

PANW stock opened at $380.55 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average price of $369.33 and a two-hundred day moving average price of $307.79. The company has a market cap of $311.29 billion, a price-to-earnings ratio of 746.19, a P/E/G 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.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the firm earned $0.95 EPS. The business's quarterly 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. Analysts anticipate that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

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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