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

Key Points

• GFG Capital reduced its Palo Alto Networks stake by 40.9% in the third quarter, selling 6,720 shares and retaining 9,714 shares valued at approximately $3.86 million. Institutional investors collectively own 79.82% of PANW.
• Palo Alto Networks reported quarterly EPS of $1.02, beating the $0.98 consensus estimate, while revenue of $3.41 billion exceeded expectations and increased 34.5% year over year.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $393.02; however, insiders have sold 54,210 shares worth about $20.8 million over the past 90 days.

GFG Capital LLC cut its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 40.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,714 shares of the network technology company's stock after selling 6,720 shares during the period. Palo Alto Networks comprises about 0.9% of GFG Capital LLC's investment portfolio, making the stock its 26th biggest position. GFG Capital LLC's holdings in Palo Alto Networks were worth $3,859,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of PANW. Consilium Wealth Advisory LLC increased 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 worth $444,000 after acquiring an additional 27 shares in the last quarter. Grove Bank & Trust boosted its position in shares of Palo Alto Networks by 7.0% in the third 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 period. Riversedge Advisors LLC boosted its position in shares of Palo Alto Networks by 2.5% in the third 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 period. Tenon Financial LLC increased its stake in shares of Palo Alto Networks by 5.3% in the third quarter. Tenon Financial LLC now owns 661 shares of the network technology company's stock worth $263,000 after purchasing an additional 33 shares in the last quarter. Finally, Trilogy Capital Inc. increased its stake in shares of Palo Alto Networks by 1.8% in the second 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 in the last quarter. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Stock Performance

Shares of NASDAQ:PANW opened at $342.00 on Friday. 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. The company has a market capitalization of $279.76 billion, a price-to-earnings ratio of 670.60, a PEG ratio of 10.66 and a beta of 0.93. The firm's 50-day moving average is $372.66 and its 200 day moving average is $301.02.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.04. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The firm's quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter last year, the firm 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. Research analysts predict that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Insider Activity

In other news, Director Aparna Bawa sold 1,000 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $373.61, for a total value of $373,610.00. Following the sale, the director directly owned 5,437 shares in the company, valued at approximately $2,031,317.57. This represents a 15.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 in the company, valued at approximately $3,760,300. The trade was a 20.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 54,210 shares of company stock valued at $20,823,029. 1.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on PANW. BNP Paribas Exane increased their price objective on shares of Palo Alto Networks from $380.00 to $400.00 and gave the company an "outperform" rating in a report on Wednesday, September 2nd. Citizens Jmp raised their target price on shares of Palo Alto Networks from $320.00 to $415.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 12th. Phillip Securities cut shares of Palo Alto Networks from a "moderate buy" rating to a "hold" rating and boosted their price target for the stock from $320.00 to $346.00 in a research note on Monday, September 7th. Stifel Nicolaus set a $415.00 price objective on Palo Alto Networks and gave the company a "buy" rating in a research report on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $430.00 target price (up from $350.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Palo Alto Networks presently has an average rating of "Moderate Buy" and an average price target of $393.02.

About Palo Alto Networks

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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