Palo Alto Networks, Inc. $PANW Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,131 shares of the network technology company’s stock after selling 1,857 shares during the period. D.A. Davidson & CO.’s holdings in Palo Alto Networks were worth $28,261,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Palo Alto Networks during the second quarter valued at approximately $25,833,462,000. State Street Corp increased its stake in Palo Alto Networks by 4.2% in the 2nd quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock valued at $12,610,748,000 after buying an additional 1,493,179 shares during the last quarter. Bank of America Corp DE lifted its holdings in Palo Alto Networks by 0.9% during the second quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock worth $7,734,973,000 after acquiring an additional 205,123 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Palo Alto Networks by 8.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company’s stock worth $2,993,802,000 after buying an additional 706,003 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Palo Alto Networks by 4.4% during the 1st quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company’s stock worth $1,036,648,000 after purchasing an additional 273,103 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director James Goetz sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The shares were 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director Aparna Bawa sold 250 shares of Palo Alto Networks stock in a transaction on Friday, October 9th. The shares were 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 in the company, valued at $1,825,163.56. This trade represents a 5.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 54,210 shares of company stock valued at $20,823,029 in the last quarter. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

PANW opened at $394.49 on Thursday. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $432.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. The company’s 50-day simple moving average is $371.40 and its two-hundred day simple moving average is $268.05. The stock has a market capitalization of $322.69 billion, a P/E ratio of 773.52, a P/E/G ratio of 10.95 and a beta of 0.93.

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 net margin of 2.67% and a return on equity of 8.50%. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the previous year, the firm posted $0.95 EPS. The firm’s 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. As a group, analysts predict that Palo Alto Networks, Inc. will post 2.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $450.00 target price (up from $335.00) on shares of Palo Alto Networks in a research report on Friday, August 28th. Guggenheim restated a “neutral” rating on shares of Palo Alto Networks in a research report 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 note on Thursday, October 15th. Evercore restated an “outperform” rating on shares of Palo Alto Networks in a research report on Monday, August 31st. Finally, HSBC reduced their target price on Palo Alto Networks from $201.00 to $190.00 in a research note on Thursday, September 3rd. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.55.

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.