Lineweaver Wealth Advisors LLC Sells 1,884 Shares of Palo Alto Networks, Inc. $PANW

Lineweaver Wealth Advisors LLC lessened its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 36.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,349 shares of the network technology company’s stock after selling 1,884 shares during the period. Lineweaver Wealth Advisors LLC’s holdings in Palo Alto Networks were worth $1,330,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Grove Bank & Trust increased its position in shares of 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 in the last quarter. Riversedge Advisors LLC lifted its position in Palo Alto Networks by 2.5% in the 3rd 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 in the last quarter. Trilogy Capital Inc. lifted its position in Palo Alto Networks by 1.8% in the 2nd quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company’s stock valued at $725,000 after acquiring an additional 37 shares in the last quarter. Wisconsin Wealth Advisors LLC boosted its stake in Palo Alto Networks by 1.2% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 3,206 shares of the network technology company’s stock valued at $1,093,000 after purchasing an additional 38 shares during the last quarter. Finally, Orrstown Financial Services Inc. boosted its stake in Palo Alto Networks by 1.2% during the 2nd quarter. Orrstown Financial Services Inc. now owns 3,197 shares of the network technology company’s stock valued at $1,090,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Performance

Shares of NASDAQ PANW traded down $6.80 during trading on Tuesday, hitting $397.03. The company had a trading volume of 3,477,156 shares, compared to its average volume of 8,204,321. The stock has a 50 day simple moving average of $372.63 and a 200 day simple moving average of $297.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $432.33. The firm has a market capitalization of $324.77 billion, a P/E ratio of 778.51, a price-to-earnings-growth ratio of 12.05 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. The firm had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The company’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period 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, analysts anticipate that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

PANW has been the subject of a number of research analyst reports. Stifel Nicolaus set a $415.00 target price on Palo Alto Networks and gave the stock a “buy” rating in a report on Wednesday, August 19th. Loop Capital boosted their price target on Palo Alto Networks from $290.00 to $350.00 and gave the stock a “hold” rating in a research note on Friday, August 21st. Roth Capital reaffirmed a “neutral” rating and set a $300.00 price target (up from $210.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Citigroup cut Palo Alto Networks from a “buy” rating to a “neutral” rating in a research report on Monday, September 7th. Finally, William Blair reiterated an “outperform” rating on shares of Palo Alto Networks in a report on Tuesday, June 16th. Thirty-eight equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $392.38.

Insider Buying and Selling

In related news, CAO Josh 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 transaction of $158,280.00. Following the completion of the transaction, the chief accounting officer directly owned 77,987 shares of the company’s stock, valued at approximately $30,859,455.90. This represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Goetz sold 20,000 shares of Palo Alto Networks 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. 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 ninety days. Company insiders own 1.40% of the company’s stock.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc is a cybersecurity company that provides solutions designed to help organizations protect networks, endpoints, cloud environments, applications and users from cyber threats. Its offerings include next-generation firewalls, cloud-delivered security services, secure access service edge (SASE) solutions, endpoint protection and security operations tools.

The company also provides platforms and services for cloud security, threat intelligence, incident response, vulnerability management and the automation of security operations.