Palo Alto Networks, Inc. $PANW Shares Sold by BDF Gestion

BDF Gestion reduced its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 11.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,352 shares of the network technology company’s stock after selling 2,455 shares during the quarter. Palo Alto Networks comprises about 1.1% of BDF Gestion’s portfolio, making the stock its 17th biggest position. BDF Gestion’s holdings in Palo Alto Networks were worth $7,689,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Palo Alto Networks during the second quarter valued at approximately $25,833,462,000. State Street Corp raised its position in shares of Palo Alto Networks by 4.2% during 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 period. Bank of America Corp DE lifted its holdings in shares of Palo Alto Networks by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock worth $7,734,973,000 after purchasing an additional 205,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 in the last quarter. Finally, First Trust Advisors LP increased its stake in Palo Alto Networks by 4.4% during the 1st 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 purchasing an additional 273,103 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on PANW shares. Royal Bank Of Canada upped their price objective on shares of Palo Alto Networks from $434.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Truist Financial set a $400.00 price target on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Rosenblatt Securities lifted their price target on Palo Alto Networks from $355.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Mizuho set a $415.00 price objective on Palo Alto Networks and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Finally, Morgan Stanley set a $410.00 price objective on Palo Alto Networks and gave the stock an “overweight” rating in a research note on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $395.25.

Palo Alto Networks Stock Up 1.9%

PANW stock traded up $6.33 during trading on Monday, reaching $348.33. The stock had a trading volume of 1,767,132 shares, compared to its average volume of 8,156,508. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $284.94 billion, a price-to-earnings ratio of 682.38, a P/E/G ratio of 9.84 and a beta of 0.93. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $432.33. The company’s 50 day moving average is $372.66 and its two-hundred day moving average is $302.05.

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 the consensus estimate 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 firm had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter last year, the firm earned $0.95 EPS. The company’s quarterly revenue was up 34.5% compared to the same quarter last year. 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. Equities research analysts forecast that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Insider Activity at Palo Alto Networks

In related news, CAO Josh Paul sold 400 shares of the 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 completion of the sale, the chief accounting officer directly owned 77,987 shares of the company’s stock, valued at approximately $30,859,455.90. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total value of $7,533,600.00. 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 in the last ninety days. Insiders own 1.40% of the company’s stock.

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.