Palo Alto Networks, Inc. $PANW Stock Sold by Sitrin Capital Management LLC

Sitrin Capital Management LLC lowered its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 34.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,702 shares of the network technology company’s stock after selling 9,109 shares during the quarter. Palo Alto Networks accounts for about 3.2% of Sitrin Capital Management LLC’s holdings, making the stock its 15th largest position. Sitrin Capital Management LLC’s holdings in Palo Alto Networks were worth $7,033,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Consilium Wealth Advisory LLC increased its position in shares of Palo Alto Networks by 2.5% during the third quarter. Consilium Wealth Advisory LLC now owns 1,117 shares of the network technology company’s stock valued at $444,000 after purchasing an additional 27 shares during the period. Grove Bank & Trust raised its stake in shares of Palo Alto Networks by 7.0% in the third quarter. Grove Bank & Trust now owns 472 shares of the network technology company’s stock valued at $188,000 after purchasing an additional 31 shares in the last quarter. Riversedge Advisors LLC lifted its position in Palo Alto Networks by 2.5% in the third quarter. Riversedge Advisors LLC now owns 1,285 shares of the network technology company’s stock worth $511,000 after purchasing an additional 31 shares during the period. Tenon Financial LLC lifted its position in Palo Alto Networks by 5.3% in the third quarter. Tenon Financial LLC now owns 661 shares of the network technology company’s stock worth $263,000 after purchasing an additional 33 shares during the period. Finally, Trilogy Capital Inc. lifted its position in Palo Alto Networks by 1.8% in the second quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company’s stock worth $725,000 after purchasing an additional 37 shares during the period. Institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling at Palo Alto Networks

In related news, CAO Josh Paul sold 400 shares of Palo Alto Networks stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $395.70, for a total transaction of $158,280.00. Following the completion of the transaction, the chief accounting officer directly owned 77,987 shares of the company’s stock, valued at $30,859,455.90. This trade represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James Goetz sold 20,000 shares of the business’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $376.68, for a total transaction of $7,533,600.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 54,210 shares of company stock worth $20,823,029 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Performance

Shares of NASDAQ:PANW opened at $346.95 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87. The business’s fifty day moving average price is $371.90 and its two-hundred day moving average price is $303.36. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $432.33. The stock has a market capitalization of $283.81 billion, a price-to-earnings ratio of 166.02, a price-to-earnings-growth ratio of 9.84 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same period last year, the business earned $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. As a group, analysts predict that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

Analyst Ratings Changes

PANW has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Palo Alto Networks from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. BMO Capital Markets restated an “outperform” rating and issued a $415.00 price objective (up from $335.00) on shares of Palo Alto Networks in a research note on Thursday, August 20th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $525.00 price objective (up from $475.00) on shares of Palo Alto Networks in a report on Monday, October 12th. Piper Sandler reaffirmed an “overweight” rating and set a $410.00 price objective (up from $345.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Finally, Morgan Stanley set a $410.00 target price on shares of Palo Alto Networks and gave the company an “overweight” rating in a research report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $398.55.

Palo Alto Networks Company 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.