2,296 Palo Alto Networks, Inc. $PANW Shares Sold by Formuepleje A S

Formuepleje A S decreased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 40.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,317 shares of the network technology company’s stock after selling 2,296 shares during the quarter. Formuepleje A S’s holdings in Palo Alto Networks were worth $1,318,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PANW. BlackRock Inc. acquired a new stake in shares of Palo Alto Networks during the second quarter worth $25,833,462,000. State Street Corp raised its stake in Palo Alto Networks by 4.2% during the second quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock worth $12,610,748,000 after acquiring an additional 1,493,179 shares during the period. Bank of America Corp DE lifted its holdings in Palo Alto Networks by 0.9% in 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake 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 valued at $2,993,802,000 after acquiring an additional 706,003 shares during the period. Finally, Legal & General Group Plc acquired a new position in Palo Alto Networks in the second quarter valued at approximately $1,968,304,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Price Performance

NASDAQ:PANW traded down $7.12 during midday trading on Thursday, hitting $367.92. 2,704,048 shares of the stock were exchanged, compared to its average volume of 8,170,186. The company has a market capitalization of $300.96 billion, a price-to-earnings ratio of 722.07, a P/E/G ratio of 11.43 and a beta of 0.93. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $432.33. The business has a 50-day moving average price of $372.88 and a two-hundred day moving average price of $299.16.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results 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 return on equity of 8.50% and a net margin of 2.67%. The company had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same period last year, the firm earned $0.95 EPS. The firm’s revenue for the quarter 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. Sell-side analysts predict that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Insider Activity

In related news, Director John Key sold 2,500 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $376.03, for a total transaction of $940,075.00. Following the completion of the sale, the director directly owned 10,000 shares of the company’s stock, valued at $3,760,300. This represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Josh D. Paul sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $373.68, for a total transaction of $336,312.00. Following the sale, the chief accounting officer owned 72,484 shares of the company’s stock, valued at $27,085,821.12. The trade was a 1.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 54,210 shares of company stock valued at $20,823,029 over the last quarter. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PANW shares. BMO Capital Markets restated an “outperform” rating and set a $415.00 price target (up from $335.00) on shares of Palo Alto Networks in a research report on Thursday, August 20th. Citizens Jmp boosted their price objective on Palo Alto Networks from $320.00 to $415.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 12th. Guggenheim reissued a “neutral” rating on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Weiss Ratings upgraded Palo Alto Networks from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, UBS Group reaffirmed a “neutral” rating and set a $390.00 target price (up from $300.00) on shares of Palo Alto Networks in a research note on Wednesday, August 19th. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Palo Alto Networks currently has an average rating of “Moderate Buy” and an average target price 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.