Integrated Advisors Network LLC Sells 3,510 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Integrated Advisors Network LLC reduced its Palo Alto Networks position by 5%, selling 3,510 shares in the third quarter and retaining 66,412 shares worth approximately $26.4 million. Institutional investors collectively own 79.82% of PANW.
• Palo Alto Networks exceeded quarterly expectations with $1.02 in EPS versus $0.98 expected and $3.41 billion in revenue, up 34.5% year over year.
• Analysts maintain a favorable outlook, with 39 Buy ratings and 11 Holds, an average “Moderate Buy” rating, and a consensus price target of $398.55.

Integrated Advisors Network LLC decreased its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,412 shares of the network technology company's stock after selling 3,510 shares during the quarter. Palo Alto Networks accounts for approximately 1.2% of Integrated Advisors Network LLC's holdings, making the stock its 13th largest position. Integrated Advisors Network LLC's holdings in Palo Alto Networks were worth $26,386,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PANW. Petredis Investment Advisors LLC lifted its position in shares of Palo Alto Networks by 0.5% in the 3rd quarter. Petredis Investment Advisors LLC now owns 13,999 shares of the network technology company's stock worth $5,562,000 after buying an additional 76 shares during the last quarter. West Branch Capital LLC acquired a new position in shares of Palo Alto Networks in the 3rd quarter valued at about $109,000. South Shore Capital Advisors bought a new stake in shares of Palo Alto Networks during the 3rd quarter valued at about $226,000. 55 North Private Wealth LLC grew its position in shares of Palo Alto Networks by 31.7% during the 3rd quarter. 55 North Private Wealth LLC now owns 1,455 shares of the network technology company's stock valued at $578,000 after buying an additional 350 shares during the last quarter. Finally, Ballast Inc. acquired a new stake in Palo Alto Networks during the third quarter worth about $200,000. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Stock Down 1.9%

Palo Alto Networks stock opened at $340.28 on Wednesday. The stock has a market cap of $278.35 billion, a price-to-earnings ratio of 667.23, a PEG ratio of 9.99 and a beta of 0.93. 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 company's 50-day moving average price is $371.03 and its two-hundred day moving average price is $304.63. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $432.33.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.04. The company had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The business's revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 EPS. 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, analysts expect that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PANW. Rosenblatt Securities increased their price objective on shares of Palo Alto Networks from $355.00 to $415.00 and gave the stock a "buy" rating in a research note on Wednesday, September 2nd. Jefferies Financial Group restated a "buy" rating and issued a $450.00 target price (up from $335.00) on shares of Palo Alto Networks in a research note on Friday, August 28th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $390.00 target price (up from $371.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Mizuho set a $415.00 target price on Palo Alto Networks and gave the company an "outperform" rating in a report on Wednesday, August 19th. Finally, BTIG Research increased their price target on Palo Alto Networks from $404.00 to $425.00 and gave the stock a "buy" rating in a research report on Monday, September 28th. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $398.55.

Insider Activity

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 stock was sold at an average price of $376.68, for a total transaction of $7,533,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Aparna Bawa sold 250 shares of Palo Alto Networks stock in a transaction on Friday, October 9th. The shares were sold at an average price of $412.28, for a total value of $103,070.00. Following the transaction, the director owned 4,427 shares in the company, valued at approximately $1,825,163.56. This trade represents a 5.35% 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 over the last 90 days. Corporate insiders own 1.40% of the company's stock.

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.

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