One Wealth Capital Management LLC grew its stake in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 201.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,145 shares of the network technology company’s stock after buying an additional 1,434 shares during the quarter. One Wealth Capital Management LLC’s holdings in Palo Alto Networks were worth $852,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of PANW. Solstein Capital LLC acquired a new stake in Palo Alto Networks during the second quarter worth about $26,000. N.E.W. Advisory Services LLC acquired a new position in Palo Alto Networks in the second quarter valued at approximately $27,000. Delos Wealth Advisors LLC purchased a new stake in Palo Alto Networks in the 2nd quarter worth approximately $28,000. Principia Wealth Advisory LLC boosted its position in 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 purchasing an additional 45 shares in the last quarter. Finally, Curry Webb Wealth Management LLC acquired a new stake in shares of Palo Alto Networks during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 79.82% of the company’s stock.
Insider Activity at Palo Alto Networks
In related news, Director Aparna Bawa sold 1,000 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $373.61, for a total transaction of $373,610.00. Following the completion of the transaction, the director owned 5,437 shares in the company, valued at $2,031,317.57. This represents a 15.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Goetz sold 20,000 shares of the firm’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. The SEC filing for this sale provides additional information. Insiders sold a total of 54,210 shares of company stock valued at $20,823,029 in the last three months. Company insiders own 1.40% of the company’s stock.
Palo Alto Networks Trading Up 7.2%
Shares of PANW stock opened at $380.55 on Friday. 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 market cap of $311.29 billion, a price-to-earnings ratio of 746.19, a PEG ratio of 10.95 and a beta of 0.93. The stock has a 50 day simple moving average of $369.33 and a 200-day simple moving average of $307.79. 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 – Get Free Report) last announced its 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 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 analyst estimates of $3.35 billion. During the same quarter last year, the firm posted $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. On average, equities research analysts expect that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have recently weighed in on PANW shares. New Street Research set a $415.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 18th. Stifel Nicolaus set a $415.00 price target on shares of Palo Alto Networks and gave the company a “buy” rating in a research report on Wednesday, August 19th. Mizuho set a $415.00 price target on shares of Palo Alto Networks and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Arete Research lifted their price objective on shares of Palo Alto Networks from $185.00 to $433.00 and gave the company a “buy” rating in a report on Monday, June 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $425.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Thirty-nine analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Palo Alto Networks presently has an average rating of “Moderate Buy” and an average target price of $398.55.
Get Our Latest Analysis on PANW
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.
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