Palo Alto Networks, Inc. $PANW Stake Decreased by Lyell Wealth Management LP

Key Points

• Lyell Wealth Management reduced its Palo Alto Networks stake by 2.3%, selling 3,968 shares in the third quarter; it still held 169,753 shares valued at about $67.4 million.
• Palo Alto Networks reported quarterly revenue of $3.41 billion, up 34.5% year over year, and EPS of $1.02, topping analysts’ estimates for both metrics.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $398.55; 39 analysts rate the stock Buy and 11 rate it Hold.

Lyell Wealth Management LP lowered its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 169,753 shares of the network technology company's stock after selling 3,968 shares during the quarter. Palo Alto Networks accounts for 4.0% of Lyell Wealth Management LP's investment portfolio, making the stock its 3rd biggest position. Lyell Wealth Management LP's holdings in Palo Alto Networks were worth $67,445,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Solstein Capital LLC bought a new position in Palo Alto Networks in the second quarter valued at $26,000. N.E.W. Advisory Services LLC purchased a new stake in Palo Alto Networks during the second quarter valued at about $27,000. Delos Wealth Advisors LLC bought a new stake in Palo Alto Networks during the second quarter worth about $28,000. Principia Wealth Advisory LLC lifted its stake 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 worth $28,000 after purchasing an additional 45 shares during the last quarter. Finally, Putney Financial Group LLC bought a new stake in Palo Alto Networks during the third quarter worth about $31,000. 79.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director John P. Key sold 2,500 shares of Palo Alto Networks 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 transaction, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Josh Paul sold 900 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $373.68, for a total value of $336,312.00. Following the completion of the sale, the chief accounting officer owned 72,484 shares of the company's stock, valued at $27,085,821.12. The trade was a 1.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 54,210 shares of company stock worth $20,823,029 over the last quarter. Company insiders own 0.55% of the company's stock.

Palo Alto Networks Stock Down 0.4%

Shares of NASDAQ:PANW opened at $350.20 on Wednesday. The stock has a market capitalization of $286.73 billion, a P/E ratio of 686.68, a price-to-earnings-growth ratio of 10.09 and a beta of 0.96. The stock's 50-day moving average price is $372.01 and its 200-day moving average price is $271.49. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $432.33.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its 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 return on equity of 8.50% and a net margin of 2.67%. The company had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the company posted $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. On average, equities analysts anticipate that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PANW. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $430.00 price objective (up from $350.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Truist Financial set a $400.00 target price on Palo Alto Networks in a research report on Wednesday, September 2nd. Loop Capital boosted their target price on Palo Alto Networks from $290.00 to $350.00 and gave the stock a "hold" rating in a research report on Friday, August 21st. HSBC cut their target price on Palo Alto Networks from $201.00 to $190.00 in a research note on Thursday, September 3rd. Finally, New Street Research set a $415.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 18th. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $398.55.

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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