Palo Alto Networks, Inc. $PANW Stock: Money Concepts Capital Corp Cuts Position

Money Concepts Capital Corp decreased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 11.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,131 shares of the network technology company’s stock after selling 1,699 shares during the period. Money Concepts Capital Corp’s holdings in Palo Alto Networks were worth $5,217,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP lifted its holdings in shares of Palo Alto Networks by 119.5% in the 3rd quarter. Allworth Financial LP now owns 52,323 shares of the network technology company’s stock valued at $20,788,000 after buying an additional 28,486 shares during the period. Fisher Asset Management LLC grew its holdings in Palo Alto Networks by 41.5% during the third quarter. Fisher Asset Management LLC now owns 8,142,895 shares of the network technology company’s stock worth $3,235,254,000 after acquiring an additional 2,386,906 shares during the period. Private Advisory Group LLC grew its holdings in Palo Alto Networks by 152.3% during the third quarter. Private Advisory Group LLC now owns 5,401 shares of the network technology company’s stock worth $2,146,000 after acquiring an additional 3,260 shares during the period. Legacy Trust grew its holdings in Palo Alto Networks by 0.4% during the third quarter. Legacy Trust now owns 67,690 shares of the network technology company’s stock worth $24,766,000 after acquiring an additional 249 shares during the period. Finally, Everest Financial Group LLC raised its position in Palo Alto Networks by 2.9% in the third quarter. Everest Financial Group LLC now owns 70,774 shares of the network technology company’s stock worth $28,119,000 after acquiring an additional 1,968 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Josh Paul sold 900 shares of Palo Alto Networks stock in a transaction 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Aparna Bawa sold 1,000 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $373.61, for a total transaction of $373,610.00. Following the completion of the sale, the director owned 5,437 shares in the company, valued at $2,031,317.57. This represents a 15.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 54,210 shares of company stock valued at $20,823,029. Company insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $425.00 target price on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Jefferies Financial Group lowered their price target on shares of Palo Alto Networks from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday. Sanford C. Bernstein downgraded shares of Palo Alto Networks from an “outperform” rating to a “market perform” rating and increased their price target for the company from $253.00 to $351.00 in a report on Thursday, September 17th. JPMorgan Chase & Co. increased their price target on shares of Palo Alto Networks from $326.00 to $384.00 and gave the company an “overweight” rating in a report on Tuesday, August 25th. Finally, Evercore reiterated an “outperform” rating on shares of Palo Alto Networks in a research note on Wednesday. Forty analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $397.49.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $322.66 on Friday. The business has a 50 day moving average price of $367.70 and a 200 day moving average price of $276.51. The company has a market capitalization of $264.18 billion, a P/E ratio of 632.68, a PEG ratio of 9.59 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. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. Palo Alto Networks’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 earnings per share. 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 expect that Palo Alto Networks, Inc. will post 2.32 EPS for the current fiscal year.

More Palo Alto Networks News

Here’s some of the latest news about PANW:

• Positive Sentiment: Palo Alto’s software-firewall annual recurring revenue rose 29%, with cloud and AI workloads supporting demand for its network-security products. Can Software Firewall Demand Boost PANW’s Network Security Growth?
• Negative Sentiment: Bank of America says Palo Alto must beat quarterly estimates by at least 3% and raise its outlook to justify its premium valuation, setting a high bar for results. Bank of America’s outlook
• Negative Sentiment: A Zacks comparison favored Cloudflare over Palo Alto, citing Cloudflare’s stronger revenue-growth outlook and rising AI-security demand—potentially adding competitive pressure on PANW. PANW vs. NET: Which Cybersecurity Stock Should You Buy Right Now?

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.