Palo Alto Networks, Inc. $PANW Shares Sold by Axecap Investments LLC

Axecap Investments LLC reduced its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 26.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,193 shares of the network technology company’s stock after selling 5,334 shares during the period. Palo Alto Networks comprises about 3.6% of Axecap Investments LLC’s holdings, making the stock its 3rd largest holding. Axecap Investments LLC’s holdings in Palo Alto Networks were worth $6,036,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PANW. Janney Montgomery Scott LLC lifted its position in Palo Alto Networks by 15.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company’s stock valued at $65,796,000 after purchasing an additional 53,485 shares during the period. B&D White Capital Company LLC bought a new position in shares of Palo Alto Networks in the 1st quarter valued at about $353,000. Bridgewater Advisors Inc. bought a new position in shares of Palo Alto Networks in the 2nd quarter valued at about $2,159,000. Granite Islands Private Wealth LLC grew its position in shares of Palo Alto Networks by 43.6% during the 1st quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company’s stock worth $2,453,000 after buying an additional 4,659 shares during the period. Finally, Mn Services Vermogensbeheer B.V. grew its position in shares of Palo Alto Networks by 1.6% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 240,029 shares of the network technology company’s stock worth $95,366,000 after buying an additional 3,700 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PANW shares. HSBC dropped their price target on shares of Palo Alto Networks from $201.00 to $190.00 in a research note on Thursday, September 3rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $415.00 price objective (up from $335.00) on shares of Palo Alto Networks in a research note on Thursday, August 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $390.00 price objective (up from $371.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Roth Capital reaffirmed a “neutral” rating and set a $300.00 target price (up from $210.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Finally, Barclays reiterated an “overweight” rating and set a $375.00 target price (up from $370.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $398.55.

Insider Transactions at Palo Alto Networks

In other news, CAO Josh D. Paul sold 400 shares of Palo Alto Networks stock in a transaction on 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 directly owned 77,987 shares of the company’s stock, valued at $30,859,455.90. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Aparna Bawa sold 250 shares of the business’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $412.28, for a total transaction of $103,070.00. Following the completion of the transaction, the director directly owned 4,427 shares of the company’s stock, valued at $1,825,163.56. This trade represents a 5.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 54,210 shares of company stock valued at $20,823,029. Corporate insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $340.28 on Wednesday. The firm has a market capitalization of $278.35 billion, a P/E ratio of 667.23, a PEG ratio of 9.99 and a beta of 0.93. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $432.33. The business has a 50-day moving average of $371.03 and a 200-day moving average of $304.63. 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 announced its quarterly 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 company had revenue of $3.41 billion during 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 revenue was up 34.5% on a year-over-year basis. During the same period in the prior year, the business posted $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 anticipate that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

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.