Palo Alto Networks, Inc. $PANW Shares Sold by WD Rutherford LLC

WD Rutherford LLC decreased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 13.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 21,839 shares of the network technology company’s stock after selling 3,489 shares during the period. Palo Alto Networks makes up approximately 3.3% of WD Rutherford LLC’s investment portfolio, making the stock its 6th largest position. WD Rutherford LLC’s holdings in Palo Alto Networks were worth $8,677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Enhancing Capital LLC bought a new stake in Palo Alto Networks during the 3rd quarter valued at $210,000. Penobscot Investment Management Company Inc. boosted its position in Palo Alto Networks by 4.0% during the 3rd quarter. Penobscot Investment Management Company Inc. now owns 25,960 shares of the network technology company’s stock worth $10,314,000 after acquiring an additional 995 shares during the period. Cahaba Wealth Management Inc. boosted its position in Palo Alto Networks by 1.5% during the 3rd quarter. Cahaba Wealth Management Inc. now owns 4,476 shares of the network technology company’s stock worth $1,778,000 after acquiring an additional 68 shares during the period. Segment Wealth Management LLC grew its stake in shares of Palo Alto Networks by 4.0% in the third quarter. Segment Wealth Management LLC now owns 16,711 shares of the network technology company’s stock worth $6,639,000 after purchasing an additional 642 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in shares of Palo Alto Networks by 13.4% in the third quarter. Verdence Capital Advisors LLC now owns 3,655 shares of the network technology company’s stock worth $1,452,000 after purchasing an additional 433 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

PANW has been the topic of a number of research analyst reports. Truist Financial set a $400.00 price target on Palo Alto Networks in a report on Wednesday, September 2nd. Benchmark upped their price objective on shares of Palo Alto Networks from $340.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Roth Capital reiterated a “neutral” rating and issued a $300.00 target price (up from $210.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. BTIG Research raised their target price on shares of Palo Alto Networks from $404.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, September 28th. Finally, Phillip Securities cut shares of Palo Alto Networks from a “moderate buy” rating to a “hold” rating and raised their target price for the company from $320.00 to $346.00 in a research note on Monday, September 7th. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Palo Alto Networks has a consensus rating of “Moderate Buy” and an average target price of $398.55.

Palo Alto Networks Stock Up 2.9%

Shares of NASDAQ PANW opened at $401.70 on Wednesday. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $432.33. The stock has a fifty day moving average price of $371.00 and a two-hundred day moving average price of $267.03.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data 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 firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the firm posted $0.95 EPS. The firm’s quarterly 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, research analysts expect that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current year.

Insider Buying and Selling at Palo Alto Networks

In related news, Director John P. Key sold 2,500 shares of Palo Alto Networks stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $376.03, for a total transaction of $940,075.00. Following the transaction, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dipak Golechha sold 27,500 shares of Palo Alto Networks stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $391.60, for a total value of $10,769,000.00. Following the transaction, the executive vice president directly owned 117,750 shares in the company, valued at approximately $46,110,900. The trade was a 18.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 54,210 shares of company stock valued at $20,823,029. Corporate 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.