4,264 Shares of Palo Alto Networks, Inc. $PANW Bought by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the third quarter, Holdings Channel reports. The firm bought 4,264 shares of the network technology company’s stock, valued at approximately $1,694,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clark Financial Services Group Inc. BD raised its stake in shares of Palo Alto Networks by 5.9% in the 3rd quarter. Clark Financial Services Group Inc. BD now owns 3,537 shares of the network technology company’s stock valued at $1,405,000 after acquiring an additional 198 shares during the period. AA Financial Advisors LLC lifted its holdings in shares of Palo Alto Networks by 14.5% during the 3rd quarter. AA Financial Advisors LLC now owns 945 shares of the network technology company’s stock valued at $375,000 after acquiring an additional 120 shares in the last quarter. Greg Jennings LLC acquired a new position in shares of Palo Alto Networks during the 3rd quarter valued at $1,047,000. Richards Merrill & Peterson Inc. boosted its position in Palo Alto Networks by 2.4% during the 3rd quarter. Richards Merrill & Peterson Inc. now owns 7,806 shares of the network technology company’s stock worth $3,101,000 after purchasing an additional 180 shares during the period. Finally, Washburn Capital Management Inc. boosted its position in Palo Alto Networks by 2.5% during the 3rd quarter. Washburn Capital Management Inc. now owns 5,267 shares of the network technology company’s stock worth $2,093,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Stock Up 1.4%

Shares of PANW stock traded up $4.95 on Monday, hitting $346.95. The stock had a trading volume of 4,595,061 shares, compared to its average volume of 8,170,998. The firm has a market capitalization of $283.81 billion, a price-to-earnings ratio of 680.31, a P/E/G ratio of 9.84 and a beta of 0.93. The stock’s 50 day moving average is $372.66 and its 200-day moving average is $302.05. 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, Inc. has a 52-week low of $139.57 and a 52-week high of $432.33.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating 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 analyst estimates of $3.35 billion. During the same period last year, the business earned $0.95 EPS. 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. As a group, research analysts expect that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Josh D. Paul sold 900 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $373.68, for a total transaction of $336,312.00. Following the completion of the sale, the chief accounting officer directly owned 72,484 shares in the company, valued at $27,085,821.12. This trade represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $376.68, for a total value of $7,533,600.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 54,210 shares of company stock worth $20,823,029 over the last quarter. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Mizuho set a $415.00 price target on Palo Alto Networks and gave the company an “outperform” rating in a report on Wednesday, August 19th. UBS Group restated a “neutral” rating and set a $390.00 price objective (up from $300.00) on shares of Palo Alto Networks in a research note on Wednesday, August 19th. JPMorgan Chase & Co. boosted their price objective on Palo Alto Networks from $326.00 to $384.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 25th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $450.00 target price (up from $335.00) on shares of Palo Alto Networks in a research report on Friday, August 28th. Finally, Guggenheim reiterated a “neutral” rating on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $395.25.

Palo Alto Networks 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.