Palo Alto Networks, Inc. $PANW Stock Sold by Crew Capital Management Ltd

Crew Capital Management Ltd reduced its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 27.6% in the third quarter, HoldingsChannel reports. The fund owned 4,182 shares of the network technology company’s stock after selling 1,593 shares during the period. Crew Capital Management Ltd’s holdings in Palo Alto Networks were worth $1,662,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PANW. BlackRock Inc. bought a new position in shares of Palo Alto Networks during the second quarter valued at approximately $25,833,462,000. State Street Corp lifted its holdings 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 valued at $12,610,748,000 after purchasing an additional 1,493,179 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Palo Alto Networks by 0.9% during the second quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock valued at $7,734,973,000 after purchasing an additional 205,123 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Palo Alto Networks by 8.7% in 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 worth $2,993,802,000 after purchasing an additional 706,003 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Palo Alto Networks by 4.4% in the 1st quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company’s stock worth $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.

Palo Alto Networks Trading Down 3.5%

Shares of NASDAQ PANW opened at $380.57 on Friday. The firm’s 50 day moving average price is $371.82 and its 200-day moving average price is $269.01. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $432.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $311.60 billion, a PE ratio of 746.23, a P/E/G ratio of 11.31 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating 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 company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter last year, the firm earned $0.95 earnings per share. The firm’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. On average, equities research analysts expect that Palo Alto Networks, Inc. will post 2.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Capital One Financial upped their price target on Palo Alto Networks from $421.00 to $428.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. BMO Capital Markets reiterated an “outperform” rating and set a $415.00 price objective (up from $335.00) on shares of Palo Alto Networks in a research note on Thursday, August 20th. Citizens Jmp boosted their target price on Palo Alto Networks from $320.00 to $415.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 12th. Stephens set a $400.00 target price on Palo Alto Networks and gave the stock an “equal weight” rating in a research note on Wednesday, September 2nd. Finally, Royal Bank Of Canada increased their target price on Palo Alto Networks from $434.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $398.55.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 27,500 shares of Palo Alto Networks stock in a transaction on 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 completion of the sale, the executive vice president owned 117,750 shares of the company’s stock, valued at approximately $46,110,900. This trade represents a 18.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Josh Paul sold 400 shares of Palo Alto Networks stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $395.70, for a total value 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. The trade was a 0.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 54,210 shares of company stock worth $20,823,029. Insiders own 1.40% of the company’s stock.

About Palo Alto Networks

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.