Sawyer & Company Inc Acquires 8,321 Shares of Palo Alto Networks, Inc. $PANW

Sawyer & Company Inc acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,321 shares of the network technology company’s stock, valued at approximately $3,306,000. Palo Alto Networks comprises about 1.1% of Sawyer & Company Inc’s investment portfolio, making the stock its 27th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in PANW. Atticus Wealth Management LLC grew its stake in shares of Palo Alto Networks by 29.8% in the 3rd quarter. Atticus Wealth Management LLC now owns 3,291 shares of the network technology company’s stock valued at $1,308,000 after purchasing an additional 755 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Palo Alto Networks by 10.3% in the third quarter. Quadrant Capital Group LLC now owns 18,286 shares of the network technology company’s stock valued at $7,260,000 after purchasing an additional 1,712 shares during the period. Benchmark Financial Wealth Advisors LLC raised its stake in shares of Palo Alto Networks by 6.0% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 931 shares of the network technology company’s stock worth $370,000 after purchasing an additional 53 shares during the last quarter. Physician Wealth Advisors Inc. raised its stake in shares of Palo Alto Networks by 15.1% during the third quarter. Physician Wealth Advisors Inc. now owns 451 shares of the network technology company’s stock worth $179,000 after purchasing an additional 59 shares during the last quarter. Finally, Carnegie Investment Counsel lifted its holdings in shares of Palo Alto Networks by 56.5% during the third quarter. Carnegie Investment Counsel now owns 2,274 shares of the network technology company’s stock worth $903,000 after purchasing an additional 821 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Dipak Golechha sold 27,500 shares of the company’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $391.60, for a total value of $10,769,000.00. Following the sale, the executive vice president owned 117,750 shares in the company, valued at $46,110,900. This represents a 18.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Josh Paul sold 400 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $395.70, for a total value 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 represents a 0.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 54,210 shares of company stock worth $20,823,029. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PANW. Needham & Company LLC reiterated a “buy” rating and issued a $425.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft restated 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. Citigroup restated a “buy” rating and issued a $440.00 target price (up from $410.00) on shares of Palo Alto Networks in a research note on Thursday, October 15th. HSBC lowered their target price on shares of Palo Alto Networks from $201.00 to $190.00 in a report on Thursday, September 3rd. Finally, Capital One Financial boosted their price target on shares of Palo Alto Networks from $421.00 to $428.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $398.55.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW traded up $12.85 during midday trading on Wednesday, hitting $353.13. The company had a trading volume of 1,850,374 shares, compared to its average volume of 8,119,772. 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 twelve month low of $139.57 and a twelve month high of $432.33. The business has a 50-day simple moving average of $371.03 and a two-hundred day simple moving average of $304.63. The firm has a market capitalization of $288.86 billion, a price-to-earnings ratio of 691.76, a price-to-earnings-growth ratio of 9.99 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW) last issued its 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 net margin of 2.67% and a return on equity of 8.50%. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the prior year, the business posted $0.95 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Palo Alto Networks Company 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.