Palo Alto Networks, Inc. $PANW Shares Acquired by CX Institutional

Key Points

• CX Institutional increased its Palo Alto Networks stake by 414.3% in the third quarter, acquiring 27,826 additional shares and holding 34,543 shares valued at approximately $13.7 million. Institutional investors collectively own 79.82% of PANW.
• Palo Alto Networks shares rose 1.8% to $403.24, near the company’s 52-week high of $409.50. The company recently exceeded quarterly earnings and revenue estimates, reporting $1.02 in EPS and $3.41 billion in revenue, with revenue up 34.5% year over year.
• Analyst sentiment remains positive, with 38 Buy ratings and 12 Hold ratings producing a “Moderate Buy” consensus and an average price target of $391.32. Meanwhile, insiders sold 54,260 shares worth approximately $20.8 million over the past 90 days.

CX Institutional increased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 414.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,543 shares of the network technology company's stock after acquiring an additional 27,826 shares during the quarter. CX Institutional's holdings in Palo Alto Networks were worth $13,724,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PANW. Trilogy Capital Inc. grew its position in shares of Palo Alto Networks by 1.8% in the second quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company's stock valued at $725,000 after purchasing an additional 37 shares during the period. Wisconsin Wealth Advisors LLC lifted its position in Palo Alto Networks by 1.2% during the second quarter. Wisconsin Wealth Advisors LLC now owns 3,206 shares of the network technology company's stock worth $1,093,000 after buying an additional 38 shares during the period. Orrstown Financial Services Inc. boosted its stake in Palo Alto Networks by 1.2% in the 2nd quarter. Orrstown Financial Services Inc. now owns 3,197 shares of the network technology company's stock worth $1,090,000 after buying an additional 38 shares during the last quarter. Principia Wealth Advisory LLC grew its holdings 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 period. Finally, WNY Asset Management LLC boosted its holdings in shares of Palo Alto Networks by 2.8% in the 2nd quarter. WNY Asset Management LLC now owns 1,751 shares of the network technology company's stock valued at $597,000 after purchasing an additional 47 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palo Alto Networks

In related news, Director John P. Key sold 2,500 shares of Palo Alto Networks stock in a transaction on Monday, September 14th. The shares were sold at an average price of $376.03, for a total transaction of $940,075.00. Following the sale, the director owned 10,000 shares of the company's stock, valued at $3,760,300. The trade was a 20.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Josh Paul sold 900 shares of the business's stock in a transaction on Tuesday, September 1st. The stock was 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 $27,085,821.12. This represents a 1.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 54,260 shares of company stock worth $20,804,474. 1.40% of the stock is currently owned by insiders.

Palo Alto Networks Stock Up 1.8%

NASDAQ PANW traded up $6.99 during trading hours on Friday, hitting $403.24. The company had a trading volume of 4,840,545 shares, compared to its average volume of 8,347,358. The firm's 50 day moving average is $360.46 and its 200 day moving average is $283.95. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $409.50. The company has a market capitalization of $329.85 billion, a price-to-earnings ratio of 790.68, a P/E/G ratio of 11.44 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.04. The company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. Palo Alto Networks's revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter last year, the company earned $0.95 earnings per share. 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PANW. Wedbush initiated coverage on Palo Alto Networks in a report on Friday, September 11th. They set an "outperform" rating and a $400.00 price objective for the company. Northland Securities set a $360.00 price target on Palo Alto Networks and gave the company a "market perform" rating in a research report on Wednesday, September 2nd. Arete Research upped their price target on Palo Alto Networks from $185.00 to $433.00 and gave the stock a "buy" rating in a research note on Monday, June 29th. Morgan Stanley set a $410.00 price objective on Palo Alto Networks and gave the stock an "overweight" rating in a report on Monday, September 21st. Finally, Loop Capital lifted their price objective on Palo Alto Networks from $290.00 to $350.00 and gave the company a "hold" rating in a research note on Friday, August 21st. Thirty-eight investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $391.32.

Palo Alto Networks 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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