Palo Alto Networks, Inc. $PANW Shares Purchased by Sigma Planning Corp

Sigma Planning Corp lifted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 11.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,952 shares of the network technology company’s stock after acquiring an additional 1,922 shares during the period. Sigma Planning Corp’s holdings in Palo Alto Networks were worth $7,428,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

PANW has been the topic of a number of research reports. DA Davidson boosted their target price on shares of Palo Alto Networks from $345.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $390.00 price target (up from $371.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. BNP Paribas Exane lifted their price target 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. Wedbush began coverage on shares of Palo Alto Networks in a research note on Friday, September 11th. They set an “outperform” rating and a $400.00 price objective on the stock. Finally, Roth Capital reissued a “neutral” rating and set a $300.00 price objective (up from $210.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average target price of $398.55.

Insider Transactions at Palo Alto Networks

In other news, Director John P. Key sold 2,500 shares of the 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 sale, the director owned 10,000 shares in the company, valued at $3,760,300. This represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Dipak Golechha sold 27,500 shares of the firm’s 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 sale, the executive vice president directly owned 117,750 shares of the company’s stock, valued at $46,110,900. This trade represents a 18.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 54,210 shares of company stock valued at $20,823,029. 1.40% of the stock is currently owned by insiders.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock opened at $380.55 on Monday. The stock 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 firm’s 50-day moving average is $369.33 and its 200 day moving average is $308.82. 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 released its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. Palo Alto Networks’s revenue was up 34.5% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. 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 anticipate that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

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.