Palo Alto Networks, Inc. $PANW Stock Holdings Reduced by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 375,072 shares of the network technology company’s stock after selling 18,448 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Palo Alto Networks were worth $149,020,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Solstein Capital LLC purchased a new position in shares of Palo Alto Networks during the 2nd quarter worth $26,000. Putney Financial Group LLC acquired a new stake in shares of Palo Alto Networks during the 3rd quarter worth about $31,000. N.E.W. Advisory Services LLC purchased a new stake in Palo Alto Networks in the 2nd quarter valued at about $27,000. Delos Wealth Advisors LLC purchased a new stake in Palo Alto Networks in the 2nd quarter valued at about $28,000. Finally, Principia Wealth Advisory LLC lifted its position in Palo Alto Networks by 125.0% in the second quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock valued at $28,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Analyst Ratings Changes

PANW has been the subject of several research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $390.00 target price (up from $371.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Susquehanna lifted their target price on shares of Palo Alto Networks from $350.00 to $415.00 and gave the company a “positive” rating in a report on Wednesday, September 2nd. Roth Capital reissued 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $430.00 price target (up from $350.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Finally, Piper Sandler restated an “overweight” rating and set a $410.00 price target (up from $345.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $398.55.

Insiders Place Their Bets

In related news, EVP Dipak Golechha sold 27,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the transaction, the executive vice president owned 117,750 shares in the company, valued at $46,110,900. This trade represents a 18.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Key sold 2,500 shares of Palo Alto Networks stock in a transaction 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 completion of the transaction, the director directly owned 10,000 shares in the company, valued at $3,760,300. The trade was a 20.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 54,210 shares of company stock worth $20,823,029. 1.40% of the stock is currently owned by company insiders.

Palo Alto Networks Stock Down 9.6%

Shares of NASDAQ:PANW opened at $314.67 on Friday. The stock has a market cap of $257.64 billion, a price-to-earnings ratio of 617.01, a price-to-earnings-growth ratio of 9.98 and a beta of 0.96. The firm’s 50 day moving average price is $371.68 and its 200 day moving average price is $272.93. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week 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 EPS for the quarter, beating the consensus estimate of $0.98 by $0.04. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. Palo Alto Networks’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 earnings per share. 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. As a group, equities research analysts predict that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current fiscal year.

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.