2,103 Palo Alto Networks, Inc. $PANW Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC decreased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 12.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,368 shares of the network technology company’s stock after selling 2,103 shares during the quarter. Krilogy Financial LLC’s holdings in Palo Alto Networks were worth $5,802,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Palo Alto Networks during the second quarter worth approximately $25,833,462,000. State Street Corp increased its position in Palo Alto Networks by 4.2% during the 2nd quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock worth $12,610,748,000 after purchasing an additional 1,493,179 shares during the period. Bank of America Corp DE lifted its holdings in shares of Palo Alto Networks by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock valued at $7,734,973,000 after buying an additional 205,123 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Palo Alto Networks by 8.7% in the second 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 acquiring an additional 706,003 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Palo Alto Networks by 4.4% in the first quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company’s stock valued at $1,036,648,000 after acquiring an additional 273,103 shares during the period. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Performance

Shares of NASDAQ PANW opened at $397.03 on Wednesday. The stock has a market capitalization of $324.77 billion, a P/E ratio of 778.51, a P/E/G ratio of 11.62 and a beta of 0.93. The firm’s 50-day moving average price is $372.63 and its two-hundred day moving average price is $297.62. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $432.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.04. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The firm’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. 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, sell-side analysts forecast that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Insider Activity at Palo Alto Networks

In related news, CAO Josh Paul sold 400 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $395.70, for a total value of $158,280.00. Following the completion of the sale, the chief accounting officer directly owned 77,987 shares of the company’s stock, valued at approximately $30,859,455.90. This represents a 0.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Aparna Bawa sold 250 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $412.28, for a total transaction of $103,070.00. Following the completion of the transaction, the director owned 4,427 shares in the company, valued at approximately $1,825,163.56. This represents a 5.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 54,210 shares of company stock valued at $20,823,029. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on PANW shares. FBN Securities reiterated an “outperform” rating on shares of Palo Alto Networks in a research report on Wednesday, July 1st. Truist Financial set a $400.00 target price on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. William Blair reiterated an “outperform” rating on shares of Palo Alto Networks in a research report on Tuesday, June 16th. Sanford C. Bernstein downgraded shares of Palo Alto Networks from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $253.00 to $351.00 in a research note on Thursday, September 17th. Finally, JPMorgan Chase & Co. increased their target price on Palo Alto Networks from $326.00 to $384.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 25th. Thirty-eight equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, Palo Alto Networks presently has an average rating of “Moderate Buy” and a consensus price target of $392.38.

About Palo Alto Networks

Palo Alto Networks, Inc is a cybersecurity company that provides solutions designed to help organizations protect networks, endpoints, cloud environments, applications and users from cyber threats. Its offerings include next-generation firewalls, cloud-delivered security services, secure access service edge (SASE) solutions, endpoint protection and security operations tools.

The company also provides platforms and services for cloud security, threat intelligence, incident response, vulnerability management and the automation of security operations.