KMG Fiduciary Partners LLC Sells 4,339 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• KMG Fiduciary Partners reduced its Palo Alto Networks stake by 24.5%, selling 4,339 shares and retaining 13,348 shares valued at approximately $5.3 million. Institutional investors collectively own 79.82% of PANW.
• Analyst sentiment remains favorable, with 38 Buy ratings and 12 Hold ratings, producing a “Moderate Buy” consensus and an average price target of $392.38, although some firms recently downgraded the stock to Neutral or Hold.
• 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 of $0.98.

KMG Fiduciary Partners LLC trimmed its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 24.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,348 shares of the network technology company's stock after selling 4,339 shares during the period. KMG Fiduciary Partners LLC's holdings in Palo Alto Networks were worth $5,303,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Palo Alto Networks in the second quarter valued at approximately $25,833,462,000. Legal & General Group Plc acquired a new stake in Palo Alto Networks during the second quarter worth approximately $1,968,304,000. Bank of New York Mellon Corp acquired a new stake in Palo Alto Networks during the second quarter worth approximately $1,569,755,000. Deutsche Bank AG acquired a new stake in Palo Alto Networks during the second quarter worth approximately $1,481,236,000. Finally, Bank of America Corp DE grew its stake in Palo Alto Networks by 16.0% in the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company's stock worth $3,603,473,000 after acquiring an additional 3,101,267 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PANW. Susquehanna boosted their price target on Palo Alto Networks from $350.00 to $415.00 and gave the company a "positive" rating in a report on Wednesday, September 2nd. TD Cowen restated a "buy" rating and set a $440.00 price objective (up from $400.00) on shares of Palo Alto Networks in a report on Friday, October 2nd. Citigroup downgraded Palo Alto Networks from a "buy" rating to a "neutral" rating in a research report on Monday, September 7th. Tigress Financial lifted their price objective on Palo Alto Networks from $245.00 to $430.00 and gave the company a "buy" rating in a research report on Wednesday, July 15th. Finally, Scotiabank lowered Palo Alto Networks from a "sector outperform" rating to a "hold" rating in a research note on Wednesday, September 2nd. Thirty-eight investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $392.38.

Insiders Place Their Bets

In other Palo Alto Networks news, Director Aparna Bawa sold 1,000 shares of the business's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $373.61, for a total transaction of $373,610.00. Following the completion of the sale, the director owned 5,437 shares of the company's stock, valued at approximately $2,031,317.57. The trade was a 15.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James J. Goetz sold 20,000 shares of the business'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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 54,210 shares of company stock worth $20,823,029. Corporate insiders own 1.40% of the company's stock.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $397.03 on Wednesday. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $432.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. The company has a 50 day moving average price of $372.63 and a 200 day moving average price of $297.62. The firm has a market capitalization of $324.77 billion, a price-to-earnings ratio of 778.51, a price-to-earnings-growth ratio of 11.62 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced 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 net margin of 2.67% and a return on equity of 8.50%. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter last year, the business earned $0.95 EPS. Palo Alto Networks's revenue for the quarter 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. Sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

About Palo Alto Networks

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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