Greg Jennings LLC Purchases 2,635 Shares of Palo Alto Networks, Inc. $PANW

Greg Jennings LLC acquired a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,635 shares of the network technology company’s stock, valued at approximately $1,047,000. Palo Alto Networks makes up 0.7% of Greg Jennings LLC’s holdings, making the stock its 27th largest holding.

Other institutional investors have also modified their holdings of the company. Consilium Wealth Advisory LLC grew its holdings in Palo Alto Networks by 2.5% during the third quarter. Consilium Wealth Advisory LLC now owns 1,117 shares of the network technology company’s stock worth $444,000 after acquiring an additional 27 shares during the period. Grove Bank & Trust lifted its holdings in Palo Alto Networks by 7.0% in the 3rd 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 during the last quarter. Riversedge Advisors LLC lifted its holdings 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 during the last quarter. Tenon Financial LLC lifted its holdings in Palo Alto Networks by 5.3% in the 3rd quarter. Tenon Financial LLC now owns 661 shares of the network technology company’s stock valued at $263,000 after acquiring an additional 33 shares during the last quarter. Finally, Trilogy Capital Inc. boosted its position in shares of Palo Alto Networks by 1.8% during the 2nd quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company’s stock valued at $725,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Activity at Palo Alto Networks

In other news, CAO Josh D. Paul sold 400 shares of Palo Alto Networks stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $395.70, for a total transaction of $158,280.00. Following the completion of the sale, the chief accounting officer owned 77,987 shares in the company, valued at $30,859,455.90. The trade was a 0.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Aparna Bawa sold 250 shares of the stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $412.28, for a total transaction of $103,070.00. Following the completion of the transaction, the director owned 4,427 shares in the company, valued at $1,825,163.56. This represents a 5.35% 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 valued at $20,823,029 over the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PANW has been the topic of several recent research reports. Morgan Stanley set a $410.00 price objective on shares of Palo Alto Networks and gave the stock an “overweight” rating in a research note on Monday, September 21st. Truist Financial set a $400.00 target price on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Stifel Nicolaus set a $415.00 price target on shares of Palo Alto Networks and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Stephens set a $400.00 price target on shares of Palo Alto Networks and gave the stock an “equal weight” rating in a research report on Wednesday, September 2nd. Finally, Loop Capital upped their price target on Palo Alto Networks from $290.00 to $350.00 and gave the company a “hold” rating in a report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Palo Alto Networks presently has an average rating of “Moderate Buy” and a consensus price target of $395.25.

Palo Alto Networks Stock Performance

NASDAQ PANW traded up $4.95 during trading on Monday, hitting $346.95. The company’s stock had a trading volume of 4,595,061 shares, compared to its average volume of 8,170,998. The firm has a 50 day moving average price of $372.66 and a 200 day moving average price of $302.05. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. The firm has a market cap of $283.81 billion, a P/E ratio of 680.31, a price-to-earnings-growth ratio of 9.84 and a beta of 0.93. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $432.33.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the previous year, the company posted $0.95 EPS. The business’s revenue for the quarter was up 34.5% compared to the same quarter last year. 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 forecast that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.

Palo Alto Networks Company 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.