Palo Alto Networks, Inc. $PANW Stock Sold by Philadelphia Trust Co.

Philadelphia Trust Co. cut its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 9.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,149 shares of the network technology company’s stock after selling 11,895 shares during the period. Palo Alto Networks comprises 3.1% of Philadelphia Trust Co.’s portfolio, making the stock its 7th largest holding. Philadelphia Trust Co.’s holdings in Palo Alto Networks were worth $46,942,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Verus Financial Partners Inc. boosted its holdings in Palo Alto Networks by 4.3% in the 3rd quarter. Verus Financial Partners Inc. now owns 632 shares of the network technology company’s stock worth $251,000 after buying an additional 26 shares during the period. Consilium Wealth Advisory LLC increased its stake in Palo Alto Networks by 2.5% in the 3rd quarter. Consilium Wealth Advisory LLC now owns 1,117 shares of the network technology company’s stock worth $444,000 after buying an additional 27 shares in the last quarter. MBA Advisors LLC raised its holdings in Palo Alto Networks by 1.7% during the third quarter. MBA Advisors LLC now owns 1,840 shares of the network technology company’s stock valued at $731,000 after acquiring an additional 30 shares during the period. Grove Bank & Trust raised its holdings in Palo Alto Networks by 7.0% during the third quarter. Grove Bank & Trust now owns 472 shares of the network technology company’s stock valued at $188,000 after acquiring an additional 31 shares during the period. Finally, Riversedge Advisors LLC raised its holdings in Palo Alto Networks by 2.5% during the third quarter. Riversedge Advisors LLC now owns 1,285 shares of the network technology company’s stock valued at $511,000 after acquiring an additional 31 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Josh Paul sold 900 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $373.68, for a total value of $336,312.00. Following the completion of the transaction, the chief accounting officer directly owned 72,484 shares of the company’s stock, valued at approximately $27,085,821.12. This trade represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Goetz sold 20,000 shares of the business’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total transaction of $7,533,600.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 54,210 shares of company stock worth $20,823,029. 0.55% of the stock is owned by corporate insiders.

Palo Alto Networks Price Performance

NASDAQ:PANW opened at $326.36 on Wednesday. The business’s 50-day moving average is $368.37 and its 200 day moving average is $275.05. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $432.33. The company has a market capitalization of $267.21 billion, a P/E ratio of 639.93, a P/E/G ratio of 9.49 and a beta of 0.96. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06.

Palo Alto Networks (NASDAQ:PANW) last released 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 return on equity of 8.50% and a net margin of 2.67%. The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter last year, the business posted $0.95 EPS. The firm’s revenue for the quarter 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 forecast that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

PANW has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $450.00 price objective (up from $335.00) on shares of Palo Alto Networks in a research report on Friday, August 28th. Mizuho set a $415.00 target price on Palo Alto Networks and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. New Street Research set a $415.00 target price on Palo Alto Networks in a research note on Tuesday, August 18th. Guggenheim reissued a “neutral” rating on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Finally, Oppenheimer restated an “outperform” rating and issued a $450.00 price target (up from $400.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $398.55.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc. is a cybersecurity company that provides products and services to help organizations protect their networks, cloud environments, devices and applications. Its offerings include next-generation firewalls, cloud security tools, secure access services and platforms for detecting and responding to cyber threats. The company’s product portfolio includes Prisma for cloud and network security and Cortex for security operations, including threat detection and response. It also provides cybersecurity consulting and incident-response services through Unit 42.