Palo Alto Networks, Inc. $PANW Stock Sold by Searle & CO.

Searle & CO. lessened its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 5.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,914 shares of the network technology company’s stock after selling 3,200 shares during the quarter. Palo Alto Networks accounts for 5.0% of Searle & CO.’s investment portfolio, making the stock its 2nd largest position. Searle & CO.’s holdings in Palo Alto Networks were worth $21,421,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PANW. Triton Wealth Management PLLC grew its holdings in Palo Alto Networks by 16.7% during the third quarter. Triton Wealth Management PLLC now owns 1,019 shares of the network technology company’s stock valued at $405,000 after purchasing an additional 146 shares during the period. D.B. Root & Company LLC raised its stake in Palo Alto Networks by 8.0% in the 3rd quarter. D.B. Root & Company LLC now owns 650 shares of the network technology company’s stock valued at $258,000 after acquiring an additional 48 shares during the period. 71 West Capital Partners lifted its holdings in Palo Alto Networks by 1.8% during the third quarter. 71 West Capital Partners now owns 65,002 shares of the network technology company’s stock valued at $25,826,000 after purchasing an additional 1,143 shares during the last quarter. Welch & Forbes LLC boosted its position in Palo Alto Networks by 0.3% during the third quarter. Welch & Forbes LLC now owns 323,284 shares of the network technology company’s stock worth $128,444,000 after purchasing an additional 892 shares during the period. Finally, Montis Financial LLC boosted its position in Palo Alto Networks by 7.3% during the third quarter. Montis Financial LLC now owns 673 shares of the network technology company’s stock worth $267,000 after purchasing an additional 46 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Stock Down 1.4%

PANW stock opened at $326.36 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $267.21 billion, a PE ratio of 639.93, a PEG ratio of 9.49 and a beta of 0.96. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $432.33. The stock has a 50-day simple moving average of $368.37 and a two-hundred day simple moving average of $275.05.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) 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 the consensus estimate of $3.35 billion. During the same period in the prior year, the firm posted $0.95 earnings per share. The company’s revenue for the quarter 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, equities analysts predict that Palo Alto Networks, Inc. will post 2.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Phillip Securities downgraded shares of Palo Alto Networks from a “moderate buy” rating to a “hold” rating and lifted their target price for the stock from $320.00 to $346.00 in a research note on Monday, September 7th. Barclays restated an “overweight” rating and set a $375.00 price target (up from $370.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Robert W. Baird set a $420.00 price objective on shares of Palo Alto Networks and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Sanford C. Bernstein lowered shares of Palo Alto Networks from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $253.00 to $351.00 in a research note on Thursday, September 17th. Finally, UBS Group reissued a “neutral” rating and set a $390.00 target price (up from $300.00) on shares of Palo Alto Networks in a report on Wednesday, August 19th. Thirty-nine analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $398.55.

Insider Activity at Palo Alto Networks

In related news, Director James Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Aparna Bawa sold 250 shares of the business’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $412.28, for a total value of $103,070.00. Following the transaction, the director owned 4,427 shares of the company’s stock, valued at approximately $1,825,163.56. The trade was a 5.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 54,210 shares of company stock valued at $20,823,029 in the last ninety days. 0.55% of the stock is currently owned by corporate insiders.

Palo Alto Networks 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.