Palo Alto Networks, Inc. $PANW Stock: Cyndeo Wealth Partners LLC Raises Stake

Cyndeo Wealth Partners LLC increased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 14.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,538 shares of the network technology company’s stock after acquiring an additional 4,238 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Palo Alto Networks were worth $13,325,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PANW. BlackRock Inc. acquired a new stake in shares of Palo Alto Networks during the 2nd quarter worth about $25,833,462,000. State Street Corp boosted its holdings in shares of Palo Alto Networks by 4.2% during the 2nd quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock worth $12,610,748,000 after buying an additional 1,493,179 shares during the period. Bank of America Corp DE grew its stake in Palo Alto Networks by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock valued at $7,734,973,000 after buying an additional 205,123 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Palo Alto Networks by 8.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company’s stock valued at $2,993,802,000 after buying an additional 706,003 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in Palo Alto Networks in the 2nd quarter valued at about $1,968,304,000. Institutional investors own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PANW. Royal Bank Of Canada raised their price objective on shares of Palo Alto Networks from $434.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. BTIG Research upped their target price on Palo Alto Networks from $404.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, September 28th. Northland Securities set a $360.00 target price on Palo Alto Networks and gave the stock a “market perform” rating in a research note on Wednesday, September 2nd. Stifel Nicolaus set a $415.00 target price on Palo Alto Networks and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Finally, Capital One Financial lifted their price target on Palo Alto Networks from $421.00 to $428.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, Palo Alto Networks presently has an average rating of “Moderate Buy” and an average target price of $393.02.

Insider Activity

In related news, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total transaction of $7,533,600.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Josh D. Paul sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $373.68, for a total transaction of $336,312.00. Following the transaction, the chief accounting officer owned 72,484 shares of the company’s stock, valued at approximately $27,085,821.12. This represents a 1.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 54,210 shares of company stock valued at $20,823,029. Corporate insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $342.00 on Friday. 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 52 week low of $139.57 and a 52 week high of $432.33. The stock has a market capitalization of $279.76 billion, a P/E ratio of 670.60, a price-to-earnings-growth ratio of 10.66 and a beta of 0.93. The stock has a fifty day moving average of $372.66 and a 200-day moving average of $301.02.

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 for the quarter, topping the consensus estimate of $0.98 by $0.04. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. Palo Alto Networks’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.95 EPS. 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, sell-side analysts expect that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.

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.