Palo Alto Networks, Inc. $PANW Shares Acquired by Cyndeo Wealth Partners LLC

Key Points

• Cyndeo Wealth Partners increased its Palo Alto Networks stake by 14.5% in the third quarter, bringing its holdings to 33,538 shares valued at approximately $13.3 million. Institutional investors collectively own 79.82% of PANW.
• Company insiders sold 54,210 shares worth about $20.8 million during the last quarter, including sales by Director John P. Key and Chief Accounting Officer Josh Paul.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $393.02. Palo Alto Networks recently exceeded earnings and revenue estimates, reporting $1.02 in quarterly EPS and $3.41 billion in revenue.

Cyndeo Wealth Partners LLC raised its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 14.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,538 shares of the network technology company's stock after purchasing an additional 4,238 shares during the period. Cyndeo Wealth Partners LLC's holdings in Palo Alto Networks were worth $13,325,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Consilium Wealth Advisory LLC boosted its holdings in Palo Alto Networks by 2.5% in the 3rd quarter. Consilium Wealth Advisory LLC now owns 1,117 shares of the network technology company's stock valued at $444,000 after purchasing an additional 27 shares during the period. Grove Bank & Trust grew its position in Palo Alto Networks by 7.0% in the 3rd quarter. Grove Bank & Trust now owns 472 shares of the network technology company's stock worth $188,000 after purchasing an additional 31 shares during the last quarter. Riversedge Advisors LLC grew its position in Palo Alto Networks by 2.5% in the 3rd quarter. Riversedge Advisors LLC now owns 1,285 shares of the network technology company's stock worth $511,000 after purchasing an additional 31 shares during the last quarter. Tenon Financial LLC increased its holdings in shares of Palo Alto Networks by 5.3% during the 3rd quarter. Tenon Financial LLC now owns 661 shares of the network technology company's stock worth $263,000 after purchasing an additional 33 shares during the period. Finally, Trilogy Capital Inc. increased its holdings in shares of 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 purchasing an additional 37 shares during the period. Institutional investors own 79.82% of the company's stock.

Insider Buying and Selling

In other news, Director John P. Key sold 2,500 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $376.03, for a total value of $940,075.00. Following the completion of the sale, the director owned 10,000 shares of the company's stock, valued at approximately $3,760,300. This represents a 20.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Josh Paul sold 400 shares of the firm's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $395.70, for a total transaction of $158,280.00. Following the completion of the transaction, the chief accounting officer directly owned 77,987 shares of the company's stock, valued at $30,859,455.90. This represents a 0.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 54,210 shares of company stock worth $20,823,029 in the last quarter. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on PANW. Royal Bank Of Canada upped their price objective on shares of Palo Alto Networks from $434.00 to $475.00 and gave the company an "outperform" rating in a research report on Wednesday, September 2nd. BTIG Research lifted their target price 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. Barclays restated an "overweight" rating and set a $375.00 price target (up from $370.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Jefferies Financial Group restated a "buy" rating and set a $450.00 price target (up from $335.00) on shares of Palo Alto Networks in a research note on Friday, August 28th. Finally, DA Davidson upped their price target on Palo Alto Networks from $345.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Palo Alto Networks has a consensus rating of "Moderate Buy" and an average price target of $393.02.

Palo Alto Networks Stock Performance

PANW opened at $342.00 on Friday. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $432.33. The firm has a market capitalization of $279.76 billion, a PE ratio of 670.60, a PEG ratio of 10.66 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. The business's 50-day simple moving average is $372.66 and its 200 day simple moving average is $301.02.

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. The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The business's revenue was up 34.5% compared to the same quarter last year. During the same period 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. As a group, sell-side analysts expect that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.

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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