Fairfield Financial Advisors LTD Sells 1,723 Shares of Palo Alto Networks, Inc. $PANW

Fairfield Financial Advisors LTD trimmed its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 11.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,228 shares of the network technology company’s stock after selling 1,723 shares during the period. Palo Alto Networks accounts for 1.9% of Fairfield Financial Advisors LTD’s portfolio, making the stock its 14th biggest position. Fairfield Financial Advisors LTD’s holdings in Palo Alto Networks were worth $5,256,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Palo Alto Networks in the 2nd quarter valued at about $25,833,462,000. Legal & General Group Plc bought a new position in shares of Palo Alto Networks during the second quarter valued at approximately $1,968,304,000. Bank of New York Mellon Corp acquired a new stake in shares of Palo Alto Networks during the 2nd quarter worth approximately $1,569,755,000. Deutsche Bank AG acquired a new stake in shares of Palo Alto Networks during the 2nd quarter worth approximately $1,481,236,000. Finally, Bank of America Corp DE raised its position in shares of Palo Alto Networks by 16.0% during the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock worth $3,603,473,000 after purchasing an additional 3,101,267 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on PANW. Truist Financial set a $400.00 price objective on Palo Alto Networks in a research note on Wednesday, September 2nd. Rosenblatt Securities increased their price objective on Palo Alto Networks from $355.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $430.00 target price (up from $350.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $390.00 target price (up from $371.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $425.00 price target on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Thirty-eight research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, Palo Alto Networks has an average rating of “Moderate Buy” and a consensus price target of $392.38.

Palo Alto Networks Price Performance

Shares of PANW stock traded down $19.18 during midday trading on Wednesday, reaching $377.85. 3,482,316 shares of the company were exchanged, compared to its average volume of 8,179,486. The company’s 50 day moving average price is $372.63 and its two-hundred day moving average price is $297.62. The company has a market cap of $309.08 billion, a P/E ratio of 740.56, a PEG ratio of 11.62 and a beta of 0.93. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month 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.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $3.35 billion. During the same period last year, the firm posted $0.95 earnings per share. The business’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. On average, sell-side analysts expect that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Insider Transactions at Palo Alto Networks

In related news, CAO Josh D. Paul sold 400 shares of Palo Alto Networks stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $395.70, for a total transaction of $158,280.00. Following the transaction, the chief accounting officer directly owned 77,987 shares of the company’s stock, valued at $30,859,455.90. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction that occurred 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 SEC filing for this sale provides additional information. Insiders sold a total of 54,210 shares of company stock valued at $20,823,029 over the last three months. 1.40% of the stock is owned by company insiders.

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.