1,453 Shares in Palo Alto Networks, Inc. $PANW Acquired by B.A. Schrock Wealth Management Inc.

B.A. Schrock Wealth Management Inc. purchased a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,453 shares of the network technology company’s stock, valued at approximately $576,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Solstein Capital LLC purchased a new position in shares of Palo Alto Networks in the 2nd quarter worth about $26,000. N.E.W. Advisory Services LLC bought a new stake in shares of Palo Alto Networks in the 2nd quarter worth approximately $27,000. Delos Wealth Advisors LLC purchased a new position in Palo Alto Networks in the second quarter valued at approximately $28,000. Principia Wealth Advisory LLC lifted its stake in Palo Alto Networks by 125.0% in the second quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock valued at $28,000 after purchasing an additional 45 shares during the last quarter. Finally, EMC Capital Management purchased a new position in Palo Alto Networks in the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PANW shares. Rosenblatt Securities raised their target price on Palo Alto Networks from $355.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Arete Research boosted their target price on Palo Alto Networks from $185.00 to $433.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Sanford C. Bernstein cut Palo Alto Networks from an “outperform” rating to a “market perform” rating and upped their price target for the company from $253.00 to $351.00 in a research report on Thursday, September 17th. Scotiabank downgraded Palo Alto Networks from a “sector outperform” rating to a “hold” rating in a research note on Wednesday, September 2nd. Finally, Roth Capital reiterated a “neutral” rating and set a $300.00 price target (up from $210.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Thirty-eight analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $392.38.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $375.04 on Thursday. 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 stock has a market cap of $306.78 billion, a PE ratio of 735.39, a price-to-earnings-growth ratio of 11.43 and a beta of 0.93. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $432.33. The stock has a fifty day moving average of $372.88 and a 200-day moving average of $299.16.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.98 by $0.04. The company 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%. Palo Alto Networks’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. Equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Insider Buying and Selling

In related news, Director James Goetz sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total value of $7,533,600.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John P. Key sold 2,500 shares of Palo Alto Networks stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $376.03, for a total transaction of $940,075.00. Following the sale, the director owned 10,000 shares of the company’s stock, valued at approximately $3,760,300. The trade was a 20.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 54,210 shares of company stock valued at $20,823,029 in the last 90 days. 1.40% of the stock is owned by company insiders.

Palo Alto Networks 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.