2,183 Shares of Palo Alto Networks, Inc. $PANW Bought by OceanIQ Capital LLC

OceanIQ Capital LLC bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,183 shares of the network technology company’s stock, valued at approximately $867,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Solstein Capital LLC purchased a new position in Palo Alto Networks in the second quarter worth $26,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Palo Alto Networks in the second quarter valued at about $27,000. Delos Wealth Advisors LLC purchased a new stake in Palo Alto Networks during the second quarter worth about $28,000. Principia Wealth Advisory LLC boosted its holdings in Palo Alto Networks by 125.0% during the second quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock worth $28,000 after buying an additional 45 shares in the last quarter. Finally, EMC Capital Management acquired a new position in Palo Alto Networks during the second quarter worth about $34,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Josh D. Paul sold 400 shares of Palo Alto Networks stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $395.70, for a total transaction of $158,280.00. Following the completion of the sale, the chief accounting officer owned 77,987 shares in the company, valued at approximately $30,859,455.90. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Key sold 2,500 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $376.03, for a total transaction of $940,075.00. Following the completion of the transaction, the director directly owned 10,000 shares of the company’s stock, valued at $3,760,300. The trade was a 20.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 54,210 shares of company stock valued at $20,823,029. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

PANW has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $415.00 target price (up from $335.00) on shares of Palo Alto Networks in a report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $430.00 price target (up from $350.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Jefferies Financial Group reissued a “buy” rating and set a $450.00 price target (up from $335.00) on shares of Palo Alto Networks in a research note on Friday, August 28th. DA Davidson upped their price target on Palo Alto Networks from $345.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Finally, UBS Group restated a “neutral” rating and issued a $390.00 price target (up from $300.00) on shares of Palo Alto Networks in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have given 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 a consensus price target of $395.25.

Palo Alto Networks Price Performance

Shares of Palo Alto Networks stock traded up $7.16 during trading on Monday, hitting $349.15. 1,937,083 shares of the company were exchanged, compared to its average volume of 8,157,208. 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 fifty-two week low of $139.57 and a fifty-two week high of $432.33. The stock has a market capitalization of $285.61 billion, a price-to-earnings ratio of 683.96, a P/E/G ratio of 9.84 and a beta of 0.93. The firm has a 50 day moving average price of $372.66 and a 200 day moving average price of $302.05.

Palo Alto Networks (NASDAQ:PANW) last announced 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. The firm had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. Palo Alto Networks’s quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 EPS. 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, equities analysts expect that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.

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.