Randolph Co Inc Acquires 197,106 Shares of Palo Alto Networks, Inc. $PANW

Randolph Co Inc bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the third quarter, HoldingsChannel reports. The fund bought 197,106 shares of the network technology company’s stock, valued at approximately $78,312,000. Palo Alto Networks accounts for approximately 6.2% of Randolph Co Inc’s portfolio, making the stock its 4th biggest position.

Several other large investors have also recently bought and sold shares of the business. Consilium Wealth Advisory LLC lifted its holdings 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 worth $444,000 after buying an additional 27 shares during the last quarter. Grove Bank & Trust boosted its position in shares of Palo Alto Networks by 7.0% during the 3rd quarter. Grove Bank & Trust now owns 472 shares of the network technology company’s stock worth $188,000 after acquiring an additional 31 shares in the last quarter. Riversedge Advisors LLC boosted its position in shares of Palo Alto Networks by 2.5% during the 3rd 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 increased its holdings in shares of Palo Alto Networks by 5.3% in the 3rd quarter. Tenon Financial LLC now owns 661 shares of the network technology company’s stock valued at $263,000 after acquiring an additional 33 shares during the last quarter. Finally, Trilogy Capital Inc. increased its holdings in shares of Palo Alto Networks by 1.8% in the 2nd quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company’s stock valued at $725,000 after acquiring an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Transactions at Palo Alto Networks

In related news, CAO Josh Paul sold 400 shares of the firm’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 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 trade represents a 0.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James Goetz sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total value of $7,533,600.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 54,210 shares of company stock worth $20,823,029. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $380.55 on Monday. The company has a fifty day moving average of $369.33 and a two-hundred day moving average of $308.82. The company has a market capitalization of $311.29 billion, a PE ratio of 746.19, a P/E/G ratio of 10.95 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 company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The business’s 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, analysts expect that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Analysts Set New Price Targets

PANW has been the topic of several research analyst reports. Oppenheimer reissued an “outperform” rating and set a $450.00 target price (up from $400.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. TD Cowen reaffirmed a “buy” rating and issued a $440.00 price target (up from $400.00) on shares of Palo Alto Networks in a report on Friday, October 2nd. Yorkville Ives began coverage on Palo Alto Networks in a report on Monday, October 5th. They issued an “outperform” rating and a $500.00 price target for the company. Robert W. Baird set a $420.00 price target on shares of Palo Alto Networks and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Finally, Argus reissued a “buy” rating and set a $425.00 price objective on shares of Palo Alto Networks in a report on Thursday, September 3rd. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.55.

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.