Palo Alto Networks, Inc. $PANW Stock Sold by Avestar Capital LLC

Avestar Capital LLC trimmed its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 26.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,151 shares of the network technology company's stock after selling 6,645 shares during the period. Avestar Capital LLC's holdings in Palo Alto Networks were worth $7,212,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PANW. BlackRock Inc. acquired a new position in shares of Palo Alto Networks during the second quarter worth approximately $25,833,462,000. Legal & General Group Plc acquired a new stake in shares of Palo Alto Networks during the 2nd quarter worth approximately $1,968,304,000. Bank of New York Mellon Corp bought a new position in Palo Alto Networks in the second quarter valued at approximately $1,569,755,000. Deutsche Bank AG bought a new stake in shares of Palo Alto Networks during the 2nd quarter valued at $1,481,236,000. Finally, Bank of America Corp DE boosted its position in shares of Palo Alto Networks by 16.0% in the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company's stock worth $3,603,473,000 after purchasing an additional 3,101,267 shares during the last quarter. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $365.87 on Friday. The company has a fifty day moving average price of $372.15 and a two-hundred day moving average price of $269.89. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $432.33. The stock has a market cap of $299.56 billion, a P/E ratio of 717.41, a P/E/G ratio of 10.92 and a beta of 0.93. 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 (NASDAQ:PANW - Get Free Report) last issued its 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 company had revenue of $3.41 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 34.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. As a group, equities analysts predict that Palo Alto Networks, Inc. will post 2.32 EPS for the current year.

Insider Activity

In other Palo Alto Networks news, Director John P. Key sold 2,500 shares of the firm'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 transaction of $940,075.00. Following the completion of the transaction, the director owned 10,000 shares in the company, valued at approximately $3,760,300. This trade represents a 20.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Aparna Bawa sold 1,000 shares of Palo Alto Networks stock in a transaction on Monday, September 14th. The shares were sold at an average price of $373.61, for a total transaction of $373,610.00. Following the completion of the sale, the director directly owned 5,437 shares of the company's stock, valued at approximately $2,031,317.57. The trade was a 15.54% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 54,210 shares of company stock valued at $20,823,029. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PANW. Evercore restated an "outperform" rating on shares of Palo Alto Networks in a research report on Monday, August 31st. UBS Group reaffirmed a "neutral" rating and set a $390.00 price target (up from $300.00) on shares of Palo Alto Networks in a research report on Wednesday, August 19th. HSBC lowered their target price on Palo Alto Networks from $201.00 to $190.00 in a research note on Thursday, September 3rd. Guggenheim reiterated a "neutral" rating on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Finally, BNP Paribas Exane increased their price objective on shares of Palo Alto Networks from $380.00 to $400.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 2nd. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $398.55.

Palo Alto Networks Company 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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