3,968 Palo Alto Networks, Inc. $PANW Shares Sold by Lyell Wealth Management LP

Lyell Wealth Management LP reduced its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 2.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 169,753 shares of the network technology company’s stock after selling 3,968 shares during the period. Palo Alto Networks accounts for approximately 4.0% of Lyell Wealth Management LP’s portfolio, making the stock its 3rd largest position. Lyell Wealth Management LP’s holdings in Palo Alto Networks were worth $67,445,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Solstein Capital LLC purchased a new position in Palo Alto Networks during the 2nd quarter valued at about $26,000. Putney Financial Group LLC purchased a new stake in Palo Alto Networks in the 3rd quarter worth approximately $31,000. N.E.W. Advisory Services LLC purchased a new stake in Palo Alto Networks in the 2nd quarter worth approximately $27,000. Delos Wealth Advisors LLC purchased a new stake in Palo Alto Networks in the 2nd quarter worth approximately $28,000. Finally, Principia Wealth Advisory LLC grew its position in shares of Palo Alto Networks by 125.0% in the 2nd quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock worth $28,000 after buying an additional 45 shares during the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Palo Alto Networks Stock Performance

Shares of PANW opened at $350.20 on Wednesday. The company has a 50-day simple moving average of $372.01 and a two-hundred day simple moving average of $271.49. 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 firm has a market capitalization of $286.73 billion, a PE ratio of 686.68, a price-to-earnings-growth ratio of 10.09 and a beta of 0.96. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $432.33.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share 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 firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the business earned $0.95 EPS. The business’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. On average, analysts anticipate that Palo Alto Networks, Inc. will post 2.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays reissued an “overweight” rating and set a $375.00 target price (up from $370.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. New Street Research set a $415.00 target price on Palo Alto Networks in a report on Tuesday, August 18th. Robert W. Baird set a $420.00 price target on Palo Alto Networks and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Guggenheim reiterated a “neutral” rating on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Finally, Weiss Ratings raised shares of Palo Alto Networks from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $398.55.

Insider Activity at Palo Alto Networks

In related news, CAO Josh Paul sold 400 shares of Palo Alto Networks stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $395.70, for a total transaction of $158,280.00. Following the sale, the chief accounting officer directly owned 77,987 shares in the company, 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 document filed with the SEC, which is available through this hyperlink. Also, Director Aparna Bawa sold 250 shares of the company’s stock in a transaction on Friday, October 9th. The stock was sold at an average price of $412.28, for a total value of $103,070.00. Following the completion of the sale, the director directly owned 4,427 shares in the company, valued at approximately $1,825,163.56. The trade was a 5.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 54,210 shares of company stock valued at $20,823,029 over the last ninety days. Insiders own 0.55% of the company’s stock.

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.