Silverleafe Capital Partners LLC bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,440 shares of the network technology company’s stock, valued at approximately $572,000.
Other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in Palo Alto Networks by 15.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company’s stock valued at $65,796,000 after buying an additional 53,485 shares in the last quarter. Aviva PLC boosted its holdings in Palo Alto Networks by 5.4% in the fourth quarter. Aviva PLC now owns 568,804 shares of the network technology company’s stock worth $104,774,000 after acquiring an additional 29,230 shares in the last quarter. B&D White Capital Company LLC acquired a new stake in Palo Alto Networks in the first quarter valued at approximately $353,000. Bridgewater Advisors Inc. acquired a new stake in Palo Alto Networks in the second quarter valued at approximately $2,159,000. Finally, Granite Islands Private Wealth LLC increased its holdings in shares of Palo Alto Networks by 43.6% during the first quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company’s stock valued at $2,453,000 after acquiring an additional 4,659 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.
Insider Activity at Palo Alto Networks
In related news, CAO Josh Paul sold 900 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $373.68, for a total value of $336,312.00. Following the transaction, the chief accounting officer directly owned 72,484 shares of the company’s stock, valued at approximately $27,085,821.12. The trade was a 1.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Aparna Bawa sold 260 shares of the firm’s stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $392.69, for a total transaction of $102,099.40. Following the sale, the director owned 4,677 shares of the company’s stock, valued at $1,836,611.13. This trade represents a 5.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 54,260 shares of company stock worth $20,804,474. 1.40% of the stock is owned by company insiders.
Palo Alto Networks Stock Performance
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last issued its quarterly 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 return on equity of 8.50% and a net margin of 2.67%.The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the company posted $0.95 earnings per share. Palo Alto Networks’s quarterly revenue 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 analysts predict that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on PANW shares. Wells Fargo & Company reiterated an “overweight” rating and issued a $475.00 target price (up from $420.00) on shares of Palo Alto Networks in a report on Monday, August 17th. Tigress Financial boosted their target price on shares of Palo Alto Networks from $245.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Oppenheimer reaffirmed an “outperform” rating and issued a $450.00 price target (up from $400.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Piper Sandler reissued an “overweight” rating and issued a $410.00 price objective (up from $345.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Finally, Wedbush started coverage on Palo Alto Networks in a report on Friday, September 11th. They issued an “outperform” rating and a $400.00 target price on the stock. Thirty-eight equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $391.32.
Check Out Our Latest Research Report on PANW
Palo Alto Networks Profile
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.
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