Palo Alto Networks, Inc. $PANW Shares Sold by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC cut its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 9.7% in the third quarter, HoldingsChannel.com reports. The fund owned 20,519 shares of the network technology company’s stock after selling 2,209 shares during the period. Palo Alto Networks makes up about 1.5% of Plimoth Trust Co. LLC’s investment portfolio, making the stock its 14th biggest position. Plimoth Trust Co. LLC’s holdings in Palo Alto Networks were worth $8,152,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Consilium Wealth Advisory LLC increased its stake in shares of Palo Alto Networks by 2.5% during the third quarter. Consilium Wealth Advisory LLC now owns 1,117 shares of the network technology company’s stock worth $444,000 after purchasing an additional 27 shares in the last quarter. Grove Bank & Trust raised 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 purchasing an additional 31 shares during the last quarter. Riversedge Advisors LLC raised 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 purchasing an additional 31 shares during the last quarter. Tenon Financial LLC lifted its stake in 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 buying an additional 33 shares in the last quarter. Finally, Trilogy Capital Inc. lifted its stake in 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 buying an additional 37 shares in the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director James J. Goetz sold 20,000 shares of the business’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 transaction of $7,533,600.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Key sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $376.03, for a total value of $940,075.00. Following the completion of the sale, the director owned 10,000 shares of the company’s stock, valued at $3,760,300. This trade represents a 20.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 54,210 shares of company stock worth $20,823,029 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PANW shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $425.00 price objective on shares of Palo Alto Networks in a report on Tuesday, September 8th. Royal Bank Of Canada boosted their price objective on Palo Alto Networks from $434.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. HSBC reduced their target price on Palo Alto Networks from $201.00 to $190.00 in a report on Thursday, September 3rd. TD Cowen restated a “buy” rating and issued a $440.00 target price (up from $400.00) on shares of Palo Alto Networks in a research report on Friday, October 2nd. Finally, Northland Securities set a $360.00 target price on Palo Alto Networks and gave the company a “market perform” rating in a research report on Wednesday, September 2nd. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average target price of $398.55.

Palo Alto Networks Stock Performance

NASDAQ:PANW opened at $390.46 on Tuesday. The company’s 50-day moving average price is $370.35 and its 200-day moving average price is $264.97. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. The company has a market cap of $319.40 billion, a P/E ratio of 765.62, a P/E/G ratio of 10.95 and a beta of 0.93. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $432.33.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $3.35 billion. During the same period in the previous year, the business posted $0.95 earnings per share. Palo Alto Networks’s quarterly revenue was up 34.5% on a year-over-year basis. 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, sell-side analysts forecast that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal 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.