Palo Alto Networks, Inc. $PANW Shares Sold by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management reduced its Palo Alto Networks stake by 6.5% in the third quarter, selling 12,292 shares and retaining 176,684 shares valued at approximately $70.2 million.
• Palo Alto Networks reported quarterly EPS of $1.02, exceeding estimates of $0.98, while revenue rose 34.5% year over year to $3.41 billion. Institutional investors own approximately 79.82% of the company.
• Wall Street remains broadly positive, with a consensus “Moderate Buy” rating from 50 analysts and an average price target of $398.55, compared with the stock’s reported price of $380.55.

Apollon Wealth Management LLC trimmed its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,684 shares of the network technology company's stock after selling 12,292 shares during the period. Palo Alto Networks comprises about 0.8% of Apollon Wealth Management LLC's portfolio, making the stock its 27th largest position. Apollon Wealth Management LLC's holdings in Palo Alto Networks were worth $70,198,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Solstein Capital LLC purchased a new stake in Palo Alto Networks during the second quarter worth $26,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Palo Alto Networks during the 2nd quarter worth $27,000. Delos Wealth Advisors LLC bought a new stake in Palo Alto Networks during the second quarter valued at about $28,000. Principia Wealth Advisory LLC boosted its position in Palo Alto Networks by 125.0% during the second 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, Curry Webb Wealth Management LLC purchased a new position in Palo Alto Networks in the third quarter valued at about $36,000. Hedge funds and other institutional investors own 79.82% of the company's stock.

Palo Alto Networks Price Performance

PANW stock opened at $380.55 on Monday. The stock has a market capitalization of $311.29 billion, a PE ratio of 746.19, a price-to-earnings-growth ratio of 10.95 and a beta of 0.93. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $432.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $369.33 and a 200 day moving average of $308.82.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.04. The business had revenue of $3.41 billion for 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%. Palo Alto Networks's revenue for the quarter was up 34.5% compared to the same quarter last year. During the same quarter 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. Sell-side analysts forecast that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Rosenblatt Securities boosted their target price on shares of Palo Alto Networks from $355.00 to $415.00 and gave the stock a "buy" rating in a report on Wednesday, September 2nd. Stifel Nicolaus set a $415.00 price target on shares of Palo Alto Networks and gave the company a "buy" rating in a research report on Wednesday, August 19th. Truist Financial set a $400.00 price target on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Wedbush assumed coverage on shares of Palo Alto Networks in a research report on Friday, September 11th. They issued an "outperform" rating and a $400.00 price objective on the stock. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $398.55.

Insider Activity

In related news, Director John P. Key sold 2,500 shares of the company's stock in a transaction 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 transaction, the director directly owned 10,000 shares of the company's stock, valued at $3,760,300. This represents a 20.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Josh Paul sold 400 shares of the firm's stock in a transaction 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 completion of the transaction, the chief accounting officer owned 77,987 shares of the company's stock, valued at $30,859,455.90. This trade represents a 0.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 54,210 shares of company stock valued at $20,823,029. 1.40% of the stock is owned by corporate insiders.

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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