Palo Alto Networks, Inc. $PANW Stock Acquired by XXI Wealth LLC

XXI Wealth LLC lifted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 72.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,274 shares of the network technology company’s stock after buying an additional 2,212 shares during the quarter. Palo Alto Networks comprises approximately 0.8% of XXI Wealth LLC’s holdings, making the stock its 26th biggest position. XXI Wealth LLC’s holdings in Palo Alto Networks were worth $2,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in PANW. Solstein Capital LLC acquired a new stake in Palo Alto Networks in the second quarter valued at $26,000. N.E.W. Advisory Services LLC bought a new position in shares of Palo Alto Networks in the 2nd quarter valued at about $27,000. Delos Wealth Advisors LLC bought a new position in shares of Palo Alto Networks in the 2nd quarter valued at about $28,000. Principia Wealth Advisory LLC increased its stake in shares of Palo Alto Networks by 125.0% during 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 during the last quarter. Finally, Curry Webb Wealth Management LLC acquired a new position in shares of Palo Alto Networks during the 3rd quarter worth about $36,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. BNP Paribas Exane upped their target price on shares of Palo Alto Networks from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, September 2nd. Piper Sandler reiterated an “overweight” rating and set a $410.00 price target (up from $345.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Phillip Securities downgraded Palo Alto Networks from a “moderate buy” rating to a “hold” rating and boosted their price target for the stock from $320.00 to $346.00 in a research report on Monday, September 7th. Cantor Fitzgerald restated an “overweight” rating and issued a $425.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, September 8th. Finally, Truist Financial set a $400.00 price objective on Palo Alto Networks in a research note on Wednesday, September 2nd. Thirty-nine analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $398.55.

Palo Alto Networks Stock Performance

Shares of PANW traded up $25.63 during trading hours on Friday, hitting $380.55. The company had a trading volume of 6,579,266 shares, compared to its average volume of 5,277,336. The firm has a market cap of $311.29 billion, a price-to-earnings ratio of 746.19, a PEG ratio of 10.21 and a beta of 0.93. The business has a fifty day moving average of $369.33 and a 200-day moving average of $307.79. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $432.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. The company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter last year, the company posted $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. Equities analysts anticipate that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

Insider Transactions at Palo Alto Networks

In other news, CAO Josh D. Paul sold 900 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer owned 72,484 shares in the company, valued at $27,085,821.12. The trade was a 1.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Aparna Bawa sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $373.61, for a total value of $373,610.00. Following the sale, the director owned 5,437 shares of the company’s stock, valued at approximately $2,031,317.57. This represents a 15.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 54,210 shares of company stock worth $20,823,029. 1.40% of the stock is currently owned by insiders.

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.