Focus Financial Network Inc. Acquires 3,458 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Focus Financial Network increased its Palo Alto Networks stake by 41.8% in the third quarter, purchasing 3,458 shares for a total holding of 11,724 shares valued at approximately $4.66 million.
• Institutional investors and hedge funds own 79.82% of PANW, while insiders sold 54,210 shares worth $20.8 million during the latest quarter.
• Palo Alto Networks exceeded quarterly earnings and revenue expectations, reporting $1.02 in EPS and $3.41 billion in revenue; analysts maintain a “Moderate Buy” consensus with a $392.38 price target.

Focus Financial Network Inc. grew its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 41.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 11,724 shares of the network technology company's stock after buying an additional 3,458 shares during the period. Focus Financial Network Inc.'s holdings in Palo Alto Networks were worth $4,658,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PANW. Grove Bank & Trust grew its holdings in shares of Palo Alto Networks by 7.0% during the third quarter. Grove Bank & Trust now owns 472 shares of the network technology company's stock worth $188,000 after buying an additional 31 shares during the last quarter. Riversedge Advisors LLC raised its stake in Palo Alto Networks by 2.5% during the 3rd quarter. Riversedge Advisors LLC now owns 1,285 shares of the network technology company's stock valued at $511,000 after acquiring an additional 31 shares during the last quarter. Trilogy Capital Inc. lifted its position in Palo Alto Networks by 1.8% during the 2nd quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company's stock worth $725,000 after acquiring an additional 37 shares during the period. Wisconsin Wealth Advisors LLC lifted its position in Palo Alto Networks by 1.2% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 3,206 shares of the network technology company's stock worth $1,093,000 after acquiring an additional 38 shares during the period. Finally, Orrstown Financial Services Inc. lifted its position in Palo Alto Networks by 1.2% during the 2nd quarter. Orrstown Financial Services Inc. now owns 3,197 shares of the network technology company's stock worth $1,090,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 79.82% of the company's stock.

Insider Buying and Selling

In related news, Director Aparna Bawa sold 250 shares of the business's stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $412.28, for a total transaction of $103,070.00. Following the sale, the director owned 4,427 shares of the company's stock, valued at approximately $1,825,163.56. The trade was a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Key sold 2,500 shares of the company's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $376.03, for a total transaction of $940,075.00. Following the transaction, the director owned 10,000 shares in the company, valued at $3,760,300. The trade was a 20.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 54,210 shares of company stock valued at $20,823,029 in the last quarter. Corporate insiders own 1.40% of the company's stock.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $397.03 on Wednesday. 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 business's 50 day moving average is $372.63 and its two-hundred day moving average is $297.62. The stock has a market capitalization of $324.77 billion, a price-to-earnings ratio of 778.51, a PEG ratio of 11.62 and a beta of 0.93. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-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, beating analysts' consensus estimates 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 previous year, the business earned $0.95 earnings per share. The company'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. Research analysts expect that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PANW. TD Cowen reissued a "buy" rating and issued a $440.00 target price (up from $400.00) on shares of Palo Alto Networks in a report on Friday, October 2nd. Scotiabank downgraded Palo Alto Networks from a "sector outperform" rating to a "hold" rating in a report on Wednesday, September 2nd. Argus reiterated a "buy" rating and issued a $425.00 price objective on shares of Palo Alto Networks in a research report on Thursday, September 3rd. Susquehanna boosted their price objective on shares of Palo Alto Networks from $350.00 to $415.00 and gave the company a "positive" rating in a research note on Wednesday, September 2nd. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $390.00 price objective (up from $371.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Thirty-eight equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $392.38.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc is a cybersecurity company that provides solutions designed to help organizations protect networks, endpoints, cloud environments, applications and users from cyber threats. Its offerings include next-generation firewalls, cloud-delivered security services, secure access service edge (SASE) solutions, endpoint protection and security operations tools.

The company also provides platforms and services for cloud security, threat intelligence, incident response, vulnerability management and the automation of security operations.

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