TSG Advice Partners LLC Buys New Shares in Palo Alto Networks, Inc. $PANW

TSG Advice Partners LLC bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the third quarter, Holdings Channel reports. The fund bought 4,845 shares of the network technology company’s stock, valued at approximately $1,925,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Trek Financial LLC increased its stake in Palo Alto Networks by 1,908.8% in the 3rd quarter. Trek Financial LLC now owns 13,238 shares of the network technology company’s stock worth $5,260,000 after purchasing an additional 12,579 shares in the last quarter. Nippon Life Global Investors Americas Inc. boosted its holdings in shares of Palo Alto Networks by 265.3% in the third quarter. Nippon Life Global Investors Americas Inc. now owns 17,060 shares of the network technology company’s stock worth $6,778,000 after buying an additional 12,390 shares during the period. Verus Financial Partners Inc. boosted its holdings in shares of Palo Alto Networks by 4.3% in the third 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. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Palo Alto Networks in the third quarter worth approximately $248,425,000. Finally, Stevens Capital Partners acquired a new position in Palo Alto Networks in the 3rd quarter worth approximately $270,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Stock Down 3.9%

Palo Alto Networks stock opened at $351.72 on Tuesday. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month 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 firm has a market cap of $287.98 billion, a PE ratio of 689.66, a P/E/G ratio of 11.31 and a beta of 0.93. The firm’s 50 day moving average price is $372.02 and its two-hundred day moving average price is $270.70.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.35 billion. During the same quarter last year, the business posted $0.95 EPS. The company’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. On average, research analysts predict that Palo Alto Networks, Inc. will post 2.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on PANW. Benchmark lifted their price objective on shares of Palo Alto Networks from $340.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Yorkville Ives initiated coverage on Palo Alto Networks in a research report on Monday, October 5th. They issued an “outperform” rating and a $500.00 target price for the company. Guggenheim reaffirmed a “neutral” rating on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. The Goldman Sachs Group reiterated a “buy” rating and set a $390.00 price target (up from $371.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Finally, BNP Paribas Exane upped their price target on Palo Alto Networks from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.55.

Insider Buying and Selling at Palo Alto Networks

In related news, Director James J. Goetz sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total value of $7,533,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Josh D. Paul sold 400 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer owned 77,987 shares in the company, valued at $30,859,455.90. This represents a 0.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 54,210 shares of company stock valued at $20,823,029 in the last quarter. Corporate insiders own 0.55% of the company’s stock.

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.