Pinkerton Wealth LLC Sells 8,299 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Pinkerton Wealth LLC cut its Palo Alto Networks stake by 38.4% in the third quarter, selling 8,299 shares and retaining 13,334 shares valued at approximately $5.3 million. Institutional investors collectively own 79.82% of the company.
• Palo Alto Networks reported quarterly earnings of $1.02 per share, beating estimates of $0.98, while revenue rose 34.5% year over year to $3.41 billion. Shares opened at $365.87, with a market capitalization of roughly $299.6 billion.
• Analysts maintain a broadly positive outlook, with 39 Buy ratings and 11 Holds, producing a “Moderate Buy” consensus and an average price target of $398.55. However, insiders sold 54,210 shares worth $20.8 million during the past 90 days.

Pinkerton Wealth LLC decreased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 38.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,334 shares of the network technology company's stock after selling 8,299 shares during the quarter. Pinkerton Wealth LLC's holdings in Palo Alto Networks were worth $5,298,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Solstein Capital LLC acquired a new position in shares of Palo Alto Networks during the 2nd quarter worth approximately $26,000. N.E.W. Advisory Services LLC acquired a new stake in Palo Alto Networks in the 2nd quarter valued at $27,000. Delos Wealth Advisors LLC purchased a new stake in Palo Alto Networks in the 2nd quarter worth $28,000. Principia Wealth Advisory LLC increased its holdings in Palo Alto Networks by 125.0% in the 2nd quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company's stock worth $28,000 after acquiring an additional 45 shares in the last quarter. Finally, Frazier Financial Advisors LLC raised its position in Palo Alto Networks by 253.3% during the first quarter. Frazier Financial Advisors LLC now owns 212 shares of the network technology company's stock worth $34,000 after acquiring an additional 152 shares during the period. Hedge funds and other institutional investors own 79.82% of the company's stock.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock opened at $365.87 on Monday. The stock has a 50 day moving average of $372.15 and a 200 day moving average of $269.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $299.56 billion, a price-to-earnings ratio of 717.41, a PEG ratio of 10.49 and a beta of 0.96. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $432.33.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS 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 for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The company'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. As a group, research analysts predict that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current year.

Insider Transactions at Palo Alto Networks

In related news, Director Aparna Bawa sold 250 shares of the business's stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $412.28, for a total value of $103,070.00. Following the sale, the director directly owned 4,427 shares in the company, valued at approximately $1,825,163.56. The trade was a 5.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dipak Golechha sold 27,500 shares of the company's stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the completion of the transaction, the executive vice president directly owned 117,750 shares in the company, valued at $46,110,900. The trade was a 18.93% 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 in the last 90 days. Insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $430.00 price target (up from $350.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Evercore reiterated an "outperform" rating on shares of Palo Alto Networks in a research note on Monday, August 31st. Citigroup reissued a "buy" rating and set a $440.00 target price (up from $410.00) on shares of Palo Alto Networks in a report on Thursday, October 15th. Yorkville Ives started coverage on Palo Alto Networks in a research note on Monday, October 5th. They issued an "outperform" rating and a $500.00 price target on the stock. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $450.00 price target (up from $335.00) on shares of Palo Alto Networks in a research report on Friday, August 28th. Thirty-nine analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Palo Alto Networks presently has an average rating of "Moderate Buy" and a consensus target price 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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