StoneX Group Inc. Purchases 2,892 Shares of Palo Alto Networks, Inc. $PANW

StoneX Group Inc. raised its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 80.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,506 shares of the network technology company’s stock after purchasing an additional 2,892 shares during the period. StoneX Group Inc.’s holdings in Palo Alto Networks were worth $2,577,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PANW. Verus Financial Partners Inc. raised its holdings in shares of Palo Alto Networks by 4.3% in the 3rd quarter. Verus Financial Partners Inc. now owns 632 shares of the network technology company’s stock worth $251,000 after acquiring an additional 26 shares during the last quarter. Consilium Wealth Advisory LLC lifted its holdings in shares of Palo Alto Networks by 2.5% in the third quarter. Consilium Wealth Advisory LLC now owns 1,117 shares of the network technology company’s stock valued at $444,000 after purchasing an additional 27 shares in the last quarter. MBA Advisors LLC lifted its holdings in shares of Palo Alto Networks by 1.7% in the third quarter. MBA Advisors LLC now owns 1,840 shares of the network technology company’s stock valued at $731,000 after purchasing an additional 30 shares in the last quarter. Grove Bank & Trust boosted its holdings in Palo Alto Networks by 7.0% during the third 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. Finally, Riversedge Advisors LLC grew its holdings in shares of Palo Alto Networks by 2.5% in the third quarter. Riversedge Advisors LLC now owns 1,285 shares of the network technology company’s stock valued at $511,000 after acquiring an additional 31 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Buying and Selling at Palo Alto Networks

In other news, Director Aparna Bawa sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $373.61, for a total transaction of $373,610.00. Following the transaction, the director directly owned 5,437 shares of the company’s stock, valued at approximately $2,031,317.57. The trade was a 15.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Key sold 2,500 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $376.03, for a total value of $940,075.00. Following the completion of the sale, the director directly owned 10,000 shares of the company’s stock, valued at $3,760,300. The trade was a 20.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 54,210 shares of company stock worth $20,823,029 over the last three months. 0.55% of the stock is owned by corporate insiders.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $313.84 on Monday. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $432.33. The company has a fifty day moving average of $370.30 and a 200-day moving average of $273.58. The company has a market capitalization of $256.96 billion, a P/E ratio of 615.38, a P/E/G ratio of 9.00 and a beta of 0.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating 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 company had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same period last year, the firm posted $0.95 EPS. Palo Alto Networks’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. As a group, equities research analysts predict that Palo Alto Networks, Inc. will post 2.32 EPS for the current fiscal year.

Analyst Ratings Changes

PANW has been the subject of a number of research analyst reports. Mizuho set a $415.00 price objective on shares of Palo Alto Networks and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Scotiabank downgraded shares of Palo Alto Networks from a “sector outperform” rating to a “hold” rating in a report on Wednesday, September 2nd. JPMorgan Chase & Co. raised their price objective on shares of Palo Alto Networks from $326.00 to $384.00 and gave the company an “overweight” rating in a research report on Tuesday, August 25th. DA Davidson boosted their price objective on shares of Palo Alto Networks from $345.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Finally, Susquehanna upped their target price on shares of Palo Alto Networks from $350.00 to $415.00 and gave the stock a “positive” rating in a 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $398.55.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc is a cybersecurity company that provides products and services to help organizations protect their networks, cloud environments, devices and applications. Its offerings include next-generation firewalls, cloud security tools, secure access services and platforms for detecting and responding to cyber threats.

The company’s product portfolio includes Prisma for cloud and network security and Cortex for security operations, including threat detection and response. It also provides cybersecurity consulting and incident-response services through Unit 42.

Founded in 2005 and headquartered in Santa Clara, California, Palo Alto Networks serves businesses, government agencies and other organizations around the world.