Palo Alto Networks, Inc. $PANW Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC lowered its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 42.0% in the third quarter, HoldingsChannel reports. The firm owned 27,604 shares of the network technology company’s stock after selling 19,997 shares during the period. Calamos Wealth Management LLC’s holdings in Palo Alto Networks were worth $10,967,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Palo Alto Networks in the 2nd quarter valued at about $25,833,462,000. State Street Corp raised its position 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 valued at $12,610,748,000 after buying an additional 1,493,179 shares during the period. Bank of America Corp DE raised its position in shares of Palo Alto Networks by 0.9% during 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Palo Alto Networks by 8.7% in the second 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 acquiring an additional 706,003 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Palo Alto Networks by 4.4% in the first quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company’s stock valued at $1,036,648,000 after acquiring an additional 273,103 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PANW has been the subject of several recent analyst reports. Wedbush assumed coverage on Palo Alto Networks in a research note on Friday, September 11th. They set an “outperform” rating and a $400.00 target price for the company. Stephens set a $400.00 price objective on Palo Alto Networks and gave the stock an “equal weight” rating in a research report on Wednesday, September 2nd. Cantor Fitzgerald restated an “overweight” rating and issued a $425.00 price objective on shares of Palo Alto Networks in a report on Tuesday, September 8th. Tigress Financial upped their target price on shares of Palo Alto Networks from $245.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of Palo Alto Networks from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $398.55.

Palo Alto Networks Trading Down 0.3%

Shares of PANW stock traded down $0.83 on Friday, hitting $313.84. The stock had a trading volume of 6,284,640 shares, compared to its average volume of 5,572,887. The company’s 50 day moving average price is $370.30 and its 200-day moving average price is $273.58. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $432.33. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $256.96 billion, a P/E ratio of 615.38, a P/E/G ratio of 10.09 and a beta of 0.96.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates 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 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 last year, the business posted $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. Analysts anticipate that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current year.

Insider Buying and Selling at Palo Alto Networks

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 value of $7,533,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aparna Bawa sold 250 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $412.28, for a total transaction of $103,070.00. Following the sale, the director directly owned 4,427 shares in the company, valued at approximately $1,825,163.56. The trade was a 5.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 54,210 shares of company stock valued at $20,823,029. Corporate insiders own 1.40% of the company’s stock.

About Palo Alto Networks

Palo Alto Networks, Inc is a cybersecurity company that provides products and services to help organizations protect their networks, cloud environments, devices and applications. Its offerings include next-generation firewalls, cloud security tools, secure access services and platforms for detecting and responding to cyber threats.

The company’s product portfolio includes Prisma for cloud and network security and Cortex for security operations, including threat detection and response. It also provides cybersecurity consulting and incident-response services through Unit 42.

Founded in 2005 and headquartered in Santa Clara, California, Palo Alto Networks serves businesses, government agencies and other organizations around the world.