Palo Alto Networks, Inc. $PANW Shares Acquired by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. boosted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 16.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 9,569 shares of the network technology company’s stock after buying an additional 1,342 shares during the quarter. Palo Alto Networks makes up 0.9% of Roman Butler Fullerton & Co.’s holdings, making the stock its 22nd largest holding. Roman Butler Fullerton & Co.’s holdings in Palo Alto Networks were worth $3,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of PANW. Ashton Thomas Securities LLC increased its stake in Palo Alto Networks by 11.8% during the third quarter. Ashton Thomas Securities LLC now owns 12,789 shares of the network technology company’s stock valued at $5,081,000 after acquiring an additional 1,347 shares during the period. Black Diamond Financial LLC lifted its position in shares of Palo Alto Networks by 13.7% in the 3rd quarter. Black Diamond Financial LLC now owns 1,535 shares of the network technology company’s stock worth $610,000 after acquiring an additional 185 shares during the period. Enhancing Capital LLC bought a new stake in shares of Palo Alto Networks in the 3rd quarter worth approximately $210,000. Penobscot Investment Management Company Inc. lifted its position in shares of Palo Alto Networks by 4.0% in the 3rd quarter. Penobscot Investment Management Company Inc. now owns 25,960 shares of the network technology company’s stock worth $10,314,000 after acquiring an additional 995 shares during the period. Finally, Cahaba Wealth Management Inc. grew its holdings in shares of Palo Alto Networks by 1.5% during the 3rd quarter. Cahaba Wealth Management Inc. now owns 4,476 shares of the network technology company’s stock worth $1,778,000 after purchasing an additional 68 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on PANW shares. 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. Rosenblatt Securities upped their target price on Palo Alto Networks from $355.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Citigroup reaffirmed a “buy” rating and issued a $440.00 target price (up from $410.00) on shares of Palo Alto Networks in a research report on Thursday, October 15th. Capital One Financial lifted 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. Finally, DA Davidson lifted their price target on shares of Palo Alto Networks from $345.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $398.55.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total value of $7,533,600.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Aparna Bawa sold 1,000 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $373.61, for a total value of $373,610.00. Following the completion of the sale, the director owned 5,437 shares in the company, valued at $2,031,317.57. This trade represents a 15.54% 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 over the last three months. 1.40% of the stock is currently owned by insiders.

Palo Alto Networks Stock Performance

Shares of PANW opened at $401.70 on Wednesday. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $432.33. The company has a 50-day moving average price of $371.00 and a two-hundred day moving average price of $267.03.

Palo Alto Networks (NASDAQ:PANW) last released 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. 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 previous year, the firm 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. Analysts expect that Palo Alto Networks, Inc. will post 2.32 EPS for the current fiscal 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.