Palo Alto Networks, Inc. $PANW Stock Sold by Vision Capital Management Inc.

Vision Capital Management Inc. decreased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 9.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 19,210 shares of the network technology company’s stock after selling 2,029 shares during the quarter. Palo Alto Networks accounts for 0.8% of Vision Capital Management Inc.’s investment portfolio, making the stock its 24th biggest holding. Vision Capital Management Inc.’s holdings in Palo Alto Networks were worth $7,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Kenora Financial LLC raised its position in Palo Alto Networks by 5.9% in the third quarter. Kenora Financial LLC now owns 12,762 shares of the network technology company’s stock worth $5,070,000 after acquiring an additional 714 shares in the last quarter. Eagle Wealth Advisors LLC lifted its holdings in Palo Alto Networks by 3.0% in the 3rd quarter. Eagle Wealth Advisors LLC now owns 2,739 shares of the network technology company’s stock valued at $1,088,000 after acquiring an additional 79 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Palo Alto Networks by 1.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 118,150 shares of the network technology company’s stock valued at $46,942,000 after purchasing an additional 1,587 shares in the last quarter. CWA Asset Management Group LLC boosted its position in shares of Palo Alto Networks by 9.3% during the 3rd quarter. CWA Asset Management Group LLC now owns 10,325 shares of the network technology company’s stock valued at $4,102,000 after purchasing an additional 880 shares in the last quarter. Finally, CFS Investment Advisory Services LLC acquired a new position in shares of Palo Alto Networks in the 3rd quarter worth approximately $248,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PANW has been the topic of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $425.00 target price on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Yorkville Ives initiated coverage on shares of Palo Alto Networks in a report on Monday, October 5th. They set an “outperform” rating and a $500.00 target price for the company. Citizens Jmp lifted their price target on shares of Palo Alto Networks from $320.00 to $415.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $430.00 price objective (up from $350.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Finally, Northland Securities set a $360.00 price objective on Palo Alto Networks and gave the stock a “market perform” rating in a research note 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $398.55.

Palo Alto Networks Stock Up 1.4%

Shares of NASDAQ:PANW opened at $346.95 on Tuesday. The firm has a 50 day simple moving average of $371.90 and a 200 day simple moving average of $303.36. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $432.33. 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 company has a market cap of $283.81 billion, a PE ratio of 680.31, a price-to-earnings-growth ratio of 9.84 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data 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 net margin of 2.67% and a return on equity of 8.50%. The firm had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the previous year, the company posted $0.95 EPS. The company’s quarterly revenue 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. As a group, research analysts expect that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Insider Activity

In other Palo Alto Networks news, EVP Dipak Golechha sold 27,500 shares of Palo Alto Networks stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the transaction, the executive vice president owned 117,750 shares of the company’s stock, valued at $46,110,900. The trade was a 18.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Aparna Bawa sold 1,000 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $373.61, for a total value of $373,610.00. Following the completion of the transaction, the director owned 5,437 shares in the company, valued at $2,031,317.57. This represents a 15.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 54,210 shares of company stock valued at $20,823,029 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

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.