Fairvoy Private Wealth LLC Acquires 4,264 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Fairvoy Private Wealth LLC initiated a Palo Alto Networks position by purchasing 4,264 shares valued at approximately $1.69 million. Institutional investors collectively own 79.82% of the company.
• Palo Alto Networks reported quarterly revenue of $3.41 billion, up 34.5% year over year, and earnings of $1.02 per share, exceeding analyst expectations.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $395.25, compared with the stock’s reported trading price of $346.95.

Fairvoy Private Wealth LLC bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,264 shares of the network technology company's stock, valued at approximately $1,694,000.

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Palo Alto Networks in the second quarter valued at $25,833,462,000. State Street Corp raised its stake in shares of Palo Alto Networks by 4.2% during the 2nd quarter. State Street Corp now owns 36,979,497 shares of the network technology company's stock worth $12,610,748,000 after buying an additional 1,493,179 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Palo Alto Networks by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company's stock worth $7,734,973,000 after buying an additional 205,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Palo Alto Networks by 8.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company's stock worth $2,993,802,000 after buying an additional 706,003 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Palo Alto Networks by 4.4% in the 1st quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company's stock worth $1,036,648,000 after buying an additional 273,103 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, Director James Goetz sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total transaction of $7,533,600.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Josh 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 transaction 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. This trade represents a 1.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 54,210 shares of company stock valued at $20,823,029 over the last 90 days. 1.40% of the stock is currently owned by insiders.

Palo Alto Networks Trading Up 1.4%

NASDAQ PANW traded up $4.95 during mid-day trading on Monday, reaching $346.95. 4,595,061 shares of the stock were exchanged, compared to its average volume of 8,170,998. The stock has a market capitalization of $283.81 billion, a PE ratio of 680.31, a PEG ratio of 9.84 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $432.33. The business's fifty day simple moving average is $372.66 and its 200 day simple moving average is $302.05.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its 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 the consensus estimate of $3.35 billion. During the same period in the prior year, the business posted $0.95 earnings per share. The firm's revenue for the quarter 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. On average, research analysts anticipate that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Morgan Stanley set a $410.00 target price on shares of Palo Alto Networks and gave the company an "overweight" rating in a report on Monday, September 21st. Cantor Fitzgerald restated an "overweight" rating and set a $425.00 target price on shares of Palo Alto Networks in a research report on Tuesday, September 8th. Oppenheimer reaffirmed an "outperform" rating and issued a $450.00 price target (up from $400.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Citigroup reaffirmed a "buy" rating and issued a $440.00 price target (up from $410.00) on shares of Palo Alto Networks in a report on Thursday. Finally, FBN Securities reiterated an "outperform" rating on shares of Palo Alto Networks in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Palo Alto Networks currently has a consensus rating of "Moderate Buy" and a consensus target price of $395.25.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.