Palo Alto Networks, Inc. $PANW Shares Sold by IFP Advisors Inc

IFP Advisors Inc trimmed its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,523 shares of the network technology company’s stock after selling 5,846 shares during the period. Palo Alto Networks comprises approximately 0.7% of IFP Advisors Inc’s investment portfolio, making the stock its 15th largest holding. IFP Advisors Inc’s holdings in Palo Alto Networks were worth $43,912,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Founders Grove Wealth Partners LLC grew its position in Palo Alto Networks by 4.0% during the third quarter. Founders Grove Wealth Partners LLC now owns 1,466 shares of the network technology company’s stock valued at $582,000 after buying an additional 57 shares during the period. CRA Financial Services LLC increased its holdings in Palo Alto Networks by 0.6% during the third quarter. CRA Financial Services LLC now owns 8,541 shares of the network technology company’s stock worth $3,393,000 after buying an additional 50 shares during the last quarter. Frank Rimerman Advisors LLC increased its holdings in Palo Alto Networks by 0.4% during the third quarter. Frank Rimerman Advisors LLC now owns 11,163 shares of the network technology company’s stock worth $4,435,000 after buying an additional 39 shares during the last quarter. Birch Hill Investment Advisors LLC purchased a new stake in Palo Alto Networks during the third quarter worth about $211,000. Finally, Absolute Capital Management LLC bought a new stake in Palo Alto Networks in the third quarter worth about $1,081,000. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Stock Down 7.6%

PANW stock opened at $342.00 on Friday. The stock has a 50-day simple moving average of $372.66 and a two-hundred day simple moving average of $301.02. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $432.33. The firm has a market capitalization of $279.76 billion, a PE ratio of 670.60, a PEG ratio of 9.84 and a beta of 0.93. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results 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. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the firm posted $0.95 earnings per share. 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, equities analysts predict that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PANW has been the topic of a number of research analyst reports. BMO Capital Markets reiterated an “outperform” rating and issued a $415.00 target price (up from $335.00) on shares of Palo Alto Networks in a research note on Thursday, August 20th. UBS Group reissued a “neutral” rating and set a $390.00 target price (up from $300.00) on shares of Palo Alto Networks in a research report on Wednesday, August 19th. Truist Financial set a $400.00 price target on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Rosenblatt Securities raised their price target on shares of Palo Alto Networks from $355.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Finally, Barclays reaffirmed an “overweight” rating and issued a $375.00 price target (up from $370.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $393.02.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 27,500 shares of the firm’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $391.60, for a total value of $10,769,000.00. Following the completion of the transaction, the executive vice president directly owned 117,750 shares of the company’s stock, valued at $46,110,900. This trade represents a 18.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Key sold 2,500 shares of the business’s stock in a transaction 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 transaction, the director owned 10,000 shares of the company’s stock, valued at $3,760,300. This trade represents a 20.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 54,210 shares of company stock worth $20,823,029 in the last ninety days. Insiders own 1.40% 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.