Palo Alto Networks, Inc. $PANW Stock: TD Waterhouse Canada Inc. Increases Stake

Key Points

• TD Waterhouse Canada increased its Palo Alto Networks stake by 2.9% in the third quarter to 500,395 shares valued at approximately $197.7 million. Institutional investors collectively own 79.82% of PANW.
• Company insiders sold 54,210 shares worth approximately $20.8 million over the past 90 days, including sales by directors John P. Key and James Goetz.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $393.02. PANW shares recently fell 7.6% to $342, despite the company beating quarterly earnings and revenue expectations.

TD Waterhouse Canada Inc. grew its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 500,395 shares of the network technology company's stock after purchasing an additional 14,171 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 0.06% of Palo Alto Networks worth $197,721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PANW. Consilium Wealth Advisory LLC increased its stake in shares of Palo Alto Networks by 2.5% in the third quarter. Consilium Wealth Advisory LLC now owns 1,117 shares of the network technology company's stock worth $444,000 after buying an additional 27 shares during the period. Grove Bank & Trust boosted its position in Palo Alto Networks by 7.0% during the 3rd quarter. Grove Bank & Trust now owns 472 shares of the network technology company's stock valued at $188,000 after buying an additional 31 shares during the period. Riversedge Advisors LLC boosted its position in Palo Alto Networks by 2.5% during the 3rd quarter. Riversedge Advisors LLC now owns 1,285 shares of the network technology company's stock valued at $511,000 after buying an additional 31 shares during the period. Tenon Financial LLC grew its holdings in Palo Alto Networks by 5.3% in the 3rd quarter. Tenon Financial LLC now owns 661 shares of the network technology company's stock worth $263,000 after acquiring an additional 33 shares during the last quarter. Finally, Trilogy Capital Inc. grew its holdings in Palo Alto Networks by 1.8% in the 2nd quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company's stock worth $725,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 79.82% of the company's stock.

Insiders Place Their Bets

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 transaction of $940,075.00. Following the sale, the director directly owned 10,000 shares of the company's stock, valued at approximately $3,760,300. The trade was a 20.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Goetz sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total value of $7,533,600.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 54,210 shares of company stock valued at $20,823,029 over the last ninety days. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on PANW. Piper Sandler restated an "overweight" rating and issued a $410.00 price objective (up from $345.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Citizens Jmp raised their target price on Palo Alto Networks from $320.00 to $415.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 12th. Stifel Nicolaus set a $415.00 price target on Palo Alto Networks and gave the company a "buy" rating in a report on Wednesday, August 19th. Scotiabank lowered Palo Alto Networks from a "sector outperform" rating to a "hold" rating in a research report on Wednesday, September 2nd. Finally, BNP Paribas Exane increased their price objective on Palo Alto Networks from $380.00 to $400.00 and gave the stock an "outperform" rating in a report on Wednesday, September 2nd. One 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $393.02.

Palo Alto Networks Trading Down 7.6%

Shares of NASDAQ:PANW traded down $28.27 on Friday, hitting $342.00. The company had a trading volume of 8,760,281 shares, compared to its average volume of 5,649,209. The firm's 50-day simple moving average is $372.66 and its two-hundred day simple moving average is $301.02. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year 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 market capitalization of $279.76 billion, a price-to-earnings ratio of 670.60, a P/E/G ratio of 10.66 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (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 for the quarter, compared to analysts' expectations of $3.35 billion. During the same quarter in the previous year, the company earned $0.95 earnings per share. Palo Alto Networks's quarterly revenue 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. Equities analysts anticipate that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.

Palo Alto Networks Profile

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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