Palo Alto Networks, Inc. $PANW Stock Sold by NTV Asset Management LLC

NTV Asset Management LLC cut its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 20.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,841 shares of the network technology company’s stock after selling 1,988 shares during the period. NTV Asset Management LLC’s holdings in Palo Alto Networks were worth $3,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. One Wealth Capital Management LLC lifted its position in shares of Palo Alto Networks by 201.7% in the third quarter. One Wealth Capital Management LLC now owns 2,145 shares of the network technology company’s stock valued at $852,000 after acquiring an additional 1,434 shares in the last quarter. Gibbs Wealth Management boosted its stake in shares of Palo Alto Networks by 39.2% in the third quarter. Gibbs Wealth Management now owns 1,523 shares of the network technology company’s stock worth $605,000 after acquiring an additional 429 shares during the period. Lantern Wealth Advisors LLC boosted its stake in shares of Palo Alto Networks by 19.8% in the third quarter. Lantern Wealth Advisors LLC now owns 1,586 shares of the network technology company’s stock worth $630,000 after acquiring an additional 262 shares during the period. Garrett Wealth Advisory Group LLC grew its position in shares of Palo Alto Networks by 18.0% during the third quarter. Garrett Wealth Advisory Group LLC now owns 846 shares of the network technology company’s stock worth $336,000 after purchasing an additional 129 shares in the last quarter. Finally, Winthrop Advisory Group LLC grew its position in shares of Palo Alto Networks by 7.7% during the third quarter. Winthrop Advisory Group LLC now owns 2,154 shares of the network technology company’s stock worth $856,000 after purchasing an additional 154 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PANW. Cantor Fitzgerald reissued an “overweight” rating and set a $425.00 target price on shares of Palo Alto Networks in a research note on Tuesday, September 8th. Benchmark upped their price target on Palo Alto Networks from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. DA Davidson increased their price objective on shares of Palo Alto Networks from $345.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. New Street Research set a $415.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 18th. Finally, Loop Capital lifted their price objective on shares of Palo Alto Networks from $290.00 to $350.00 and gave the company a “hold” rating in a research report on Friday, August 21st. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Palo Alto Networks has an average rating of “Moderate Buy” and a consensus target price of $398.55.

Palo Alto Networks Trading Up 7.2%

Shares of Palo Alto Networks stock opened at $380.55 on Friday. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve 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. The business has a 50-day moving average price of $369.33 and a 200-day moving average price of $307.79. The firm has a market cap of $311.29 billion, a price-to-earnings ratio of 746.19, a PEG ratio of 10.95 and a beta of 0.93.

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 analysts’ consensus estimates of $0.98 by $0.04. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the previous year, the business earned $0.95 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director Aparna Bawa sold 1,000 shares of Palo Alto Networks 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 $2,031,317.57. The trade was a 15.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John P. Key sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $376.03, for a total value of $940,075.00. Following the sale, the director directly owned 10,000 shares in the company, valued at $3,760,300. This trade represents a 20.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 54,210 shares of company stock worth $20,823,029 over the last three months. 1.40% of the stock is owned by company insiders.

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.