Palo Alto Networks, Inc. $PANW Stock Sold by RHL Group LLC

RHL Group LLC decreased its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 12.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,392 shares of the network technology company’s stock after selling 1,688 shares during the period. Palo Alto Networks comprises about 3.0% of RHL Group LLC’s investment portfolio, making the stock its 8th biggest position. RHL Group LLC’s holdings in Palo Alto Networks were worth $4,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Palo Alto Networks during the second quarter worth about $25,833,462,000. State Street Corp grew its holdings in shares of Palo Alto Networks by 4.2% in 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 purchasing an additional 1,493,179 shares during the last quarter. Bank of America Corp DE increased its position in shares of 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 valued at $7,734,973,000 after acquiring an additional 205,123 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Palo Alto Networks by 8.7% during the 2nd 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 purchasing an additional 706,003 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of Palo Alto Networks by 4.4% during the first quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company’s stock valued at $1,036,648,000 after acquiring an additional 273,103 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Stifel Nicolaus set a $415.00 price target on Palo Alto Networks and gave the stock a “buy” rating in a research note on Wednesday, August 19th. BNP Paribas Exane boosted their price objective on shares of Palo Alto Networks from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. Barclays restated an “overweight” rating and issued a $375.00 price objective (up from $370.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Susquehanna raised their target price on shares of Palo Alto Networks from $350.00 to $415.00 and gave the stock a “positive” rating in a research report on Wednesday, September 2nd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $450.00 target price (up from $400.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $398.55.

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Dipak Golechha sold 27,500 shares of Palo Alto Networks stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the completion of the transaction, the executive vice president directly owned 117,750 shares in the company, valued at approximately $46,110,900. This trade represents a 18.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John P. Key sold 2,500 shares of Palo Alto Networks 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 transaction, the director owned 10,000 shares of the company’s stock, valued at $3,760,300. The trade was a 20.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 54,210 shares of company stock valued at $20,823,029. 0.55% of the stock is currently owned by company insiders.

Palo Alto Networks Price Performance

Shares of Palo Alto Networks stock opened at $313.84 on Monday. 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 company has a 50-day moving average of $370.30 and a 200 day moving average of $273.58. The firm has a market cap of $256.96 billion, a price-to-earnings ratio of 615.38, a PEG ratio of 9.00 and a beta of 0.96. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $432.33.

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 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 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 company posted $0.95 EPS. Palo Alto Networks’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, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current fiscal year.

Palo Alto Networks Profile

Palo Alto Networks, Inc is a cybersecurity company that provides products and services to help organizations protect their networks, cloud environments, devices and applications. Its offerings include next-generation firewalls, cloud security tools, secure access services and platforms for detecting and responding to cyber threats.

The company’s product portfolio includes Prisma for cloud and network security and Cortex for security operations, including threat detection and response. It also provides cybersecurity consulting and incident-response services through Unit 42.

Founded in 2005 and headquartered in Santa Clara, California, Palo Alto Networks serves businesses, government agencies and other organizations around the world.