14,171 Palo Alto Networks, Inc. $PANW Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 2.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 500,395 shares of the network technology company’s stock after acquiring an additional 14,171 shares during the period. TD Waterhouse Canada Inc.’s holdings in Palo Alto Networks were worth $197,721,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Consilium Wealth Advisory LLC increased its position in Palo Alto Networks by 2.5% during the 3rd quarter. Consilium Wealth Advisory LLC now owns 1,117 shares of the network technology company’s stock valued at $444,000 after buying an additional 27 shares in the last quarter. Grove Bank & Trust raised its stake in Palo Alto Networks by 7.0% during the third 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 last quarter. Riversedge Advisors LLC boosted its holdings in 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 acquiring an additional 31 shares in the last quarter. Tenon Financial LLC boosted its holdings in 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 acquiring an additional 33 shares in the last quarter. Finally, Trilogy Capital Inc. boosted its holdings in 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 acquiring an additional 37 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $376.68, for a total value of $7,533,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 400 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $395.70, for a total transaction of $158,280.00. Following the transaction, the chief accounting officer owned 77,987 shares in the company, valued at $30,859,455.90. This represents a 0.51% decrease in their position. 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 three months. 1.40% of the stock is owned by insiders.

Palo Alto Networks Stock Down 7.6%

PANW traded down $28.27 during trading on Friday, hitting $342.00. 8,760,281 shares of the company’s stock traded hands, compared to its average volume of 5,649,209. The stock 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 company’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 12-month low of $139.57 and a 12-month high of $432.33. 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 (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The company’s 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. Analysts predict that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PANW. Truist Financial set a $400.00 target price on Palo Alto Networks in a research note on Wednesday, September 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $390.00 price target (up from $371.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Morgan Stanley set a $410.00 price target on Palo Alto Networks and gave the stock an “overweight” rating in a research report on Monday, September 21st. Loop Capital upped their price target on shares of Palo Alto Networks from $290.00 to $350.00 and gave the stock a “hold” rating in a research note on Friday, August 21st. Finally, Jefferies Financial Group reissued a “buy” rating and set a $450.00 price objective (up from $335.00) on shares of Palo Alto Networks in a research report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.