Palo Alto Networks, Inc. $PANW Shares Sold by AMI Asset Management Corp

Key Points

• AMI Asset Management reduced its Palo Alto Networks stake by 3.8% in the third quarter, selling 7,561 shares and retaining 190,892 shares valued at approximately $75.8 million. Institutional investors collectively own 79.82% of PANW.
• Palo Alto Networks reported quarterly EPS of $1.02, beating estimates by $0.04, while revenue rose 34.5% year over year to $3.41 billion. The company issued FY 2027 EPS guidance of $4.16–$4.19.
• Wall Street remains broadly positive, with 39 Buy ratings and 11 Holds, producing a consensus rating of “Moderate Buy” and an average price target of $398.55 versus the reported share price of $340.28.

AMI Asset Management Corp lessened its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,892 shares of the network technology company's stock after selling 7,561 shares during the quarter. Palo Alto Networks comprises about 4.3% of AMI Asset Management Corp's holdings, making the stock its 7th largest holding. AMI Asset Management Corp's holdings in Palo Alto Networks were worth $75,843,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PANW. Solstein Capital LLC acquired a new stake in Palo Alto Networks during the 2nd quarter valued at approximately $26,000. N.E.W. Advisory Services LLC purchased a new stake in Palo Alto Networks during the 2nd quarter worth approximately $27,000. Delos Wealth Advisors LLC purchased a new stake in Palo Alto Networks during the 2nd quarter worth approximately $28,000. Principia Wealth Advisory LLC raised its position in shares of 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 purchasing an additional 45 shares in the last quarter. Finally, Private Wealth Management Group LLC raised its position in shares of Palo Alto Networks by 148.1% in the 1st quarter. Private Wealth Management Group LLC now owns 201 shares of the network technology company's stock valued at $32,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $340.28 on Wednesday. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $432.33. 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 has a market capitalization of $278.35 billion, a price-to-earnings ratio of 168.42, a price-to-earnings-growth ratio of 9.99 and a beta of 0.93. The business has a 50 day simple moving average of $371.03 and a 200-day simple moving average of $304.63.

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 (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the prior year, the company posted $0.95 EPS. The business's revenue 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. As a group, equities research analysts expect that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PANW has been the subject of several research analyst reports. UBS Group reiterated a "neutral" rating and set a $390.00 target price (up from $300.00) on shares of Palo Alto Networks in a research note on Wednesday, August 19th. Capital One Financial lifted their price target on shares of Palo Alto Networks from $421.00 to $428.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 2nd. Robert W. Baird set a $420.00 price target on shares of Palo Alto Networks and gave the company an "outperform" rating in a report on Wednesday, September 2nd. JPMorgan Chase & Co. upped their price target on shares of Palo Alto Networks from $326.00 to $384.00 and gave the company an "overweight" rating in a report on Tuesday, August 25th. Finally, Northland Securities set a $360.00 price objective on shares of Palo Alto Networks and gave the company a "market perform" rating in a research note on Wednesday, September 2nd. Thirty-nine analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $398.55.

Insider Buying and Selling at Palo Alto Networks

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

About Palo Alto Networks

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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