Palo Alto Networks, Inc. $PANW Stock Sold by Taylor Frigon Capital Management LLC

Key Points

• Taylor Frigon Capital Management cut its Palo Alto Networks stake by 40.4% in the third quarter, selling 5,191 shares and retaining 7,646 shares valued at approximately $3.04 million.
• Institutional ownership remains high at 79.82%, with major investors including BlackRock, Legal & General, Bank of New York Mellon, Deutsche Bank, and Bank of America holding or increasing positions.
• Palo Alto Networks reported quarterly revenue of $3.41 billion, up 34.5% year over year, and earnings of $1.02 per share, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $398.55.

Taylor Frigon Capital Management LLC decreased its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 40.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,646 shares of the network technology company's stock after selling 5,191 shares during the quarter. Palo Alto Networks comprises approximately 1.5% of Taylor Frigon Capital Management LLC's investment portfolio, making the stock its 14th biggest position. Taylor Frigon Capital Management LLC's holdings in Palo Alto Networks were worth $3,038,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Palo Alto Networks during the second quarter worth about $25,833,462,000. Legal & General Group Plc acquired a new stake in Palo Alto Networks in the 2nd quarter worth about $1,968,304,000. Bank of New York Mellon Corp bought a new stake in Palo Alto Networks in the 2nd quarter valued at about $1,569,755,000. Deutsche Bank AG bought a new stake in Palo Alto Networks in the 2nd quarter valued at about $1,481,236,000. Finally, Bank of America Corp DE grew its position in shares of Palo Alto Networks by 16.0% during 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 in the last quarter. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Trading Up 7.2%

Shares of Palo Alto Networks stock opened at $380.55 on Friday. The company has a quick ratio of 0.87, a current 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 $311.29 billion, a price-to-earnings ratio of 746.19, a PEG ratio of 10.95 and a beta of 0.93. The firm's 50-day moving average price is $369.33 and its two-hundred day moving average price is $307.79.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The company had revenue of $3.41 billion during the quarter, compared to analysts' expectations of $3.35 billion. During the same period in the previous year, the company earned $0.95 EPS. The business's revenue for the quarter 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. On average, analysts forecast that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, 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 transaction of $336,312.00. Following the completion of the transaction, the chief accounting officer directly owned 72,484 shares in the company, valued at $27,085,821.12. The trade was a 1.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Aparna Bawa sold 1,000 shares of the company's stock in a transaction 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 owned 5,437 shares of the company's stock, valued at $2,031,317.57. The trade was a 15.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 54,210 shares of company stock valued at $20,823,029. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PANW. BMO Capital Markets reaffirmed an "outperform" rating and set a $415.00 target price (up from $335.00) on shares of Palo Alto Networks in a report on Thursday, August 20th. Piper Sandler reiterated an "overweight" rating and issued a $410.00 price target (up from $345.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Benchmark boosted their price target on Palo Alto Networks from $340.00 to $400.00 and gave the company a "buy" rating in a research note on Monday, August 24th. DA Davidson increased their price target on Palo Alto Networks from $345.00 to $420.00 and gave the stock a "buy" rating in a research report on Wednesday, September 2nd. Finally, New Street Research set a $415.00 price objective on Palo Alto Networks in a research note on Tuesday, August 18th. Thirty-nine analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $398.55.

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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