TD Waterhouse Canada Inc. Cuts Position in Palo Alto Networks, Inc. $PANW

TD Waterhouse Canada Inc. trimmed its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 10.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 486,224 shares of the network technology company’s stock after selling 57,440 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Palo Alto Networks were worth $171,212,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PANW. Premier Path Wealth Partners LLC lifted its position in shares of Palo Alto Networks by 7.9% during the second quarter. Premier Path Wealth Partners LLC now owns 6,411 shares of the network technology company’s stock valued at $2,186,000 after buying an additional 472 shares during the last quarter. NEOS Investment Management LLC grew its position in shares of Palo Alto Networks by 10.5% in the 2nd quarter. NEOS Investment Management LLC now owns 618,939 shares of the network technology company’s stock worth $211,071,000 after buying an additional 58,834 shares during the last quarter. Montz Harcus Wealth Management LLC raised its stake in shares of Palo Alto Networks by 27.5% during the 2nd quarter. Montz Harcus Wealth Management LLC now owns 1,793 shares of the network technology company’s stock worth $611,000 after acquiring an additional 387 shares in the last quarter. High Net Worth Advisory Group LLC bought a new position in shares of Palo Alto Networks during the 2nd quarter worth approximately $286,000. Finally, Retireful LLC purchased a new stake in Palo Alto Networks during the second quarter valued at approximately $460,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PANW has been the topic of several analyst reports. Guggenheim reaffirmed a “neutral” rating on shares of Palo Alto Networks in a report on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and set a $425.00 price objective on shares of Palo Alto Networks in a report on Wednesday. UBS Group reissued a “neutral” rating and issued a $390.00 price objective (up from $300.00) on shares of Palo Alto Networks in a research report on Wednesday, August 19th. New Street Research set a $415.00 target price on Palo Alto Networks in a research note on Tuesday, August 18th. Finally, Mizuho set a $415.00 target price on Palo Alto Networks and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Forty equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Palo Alto Networks currently has an average rating of “Moderate Buy” and an average price target of $385.67.

Insiders Place Their Bets

In related news, Director Helle Thorning-Schmidt sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total value of $242,795.00. Following the sale, the director owned 5,898 shares in the company, valued at $2,045,721.30. This represents a 10.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Josh D. Paul sold 900 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total transaction of $310,500.00. Following the completion of the transaction, the chief accounting officer owned 79,644 shares in the company, valued at approximately $27,477,180. This trade represents a 1.12% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 38,635 shares of company stock valued at $11,150,578. Insiders own 1.40% of the company’s stock.

Trending Headlines about Palo Alto Networks

Here are the key news stories impacting Palo Alto Networks this week:

• Positive Sentiment: Strong fiscal fourth-quarter results: Revenue rose 34% year over year to $3.41 billion, exceeding the $3.35 billion consensus estimate, while adjusted earnings of $1.02 per share topped expectations by $0.04. Next-generation security annual recurring revenue increased 63% to $9.1 billion, including nearly $1 billion of net new ARR. Palo Alto crushes earnings expectations: stock is down 8%- here’s why
• Positive Sentiment: Optimistic outlook and AI demand: Management issued fiscal 2027 guidance above Wall Street expectations and highlighted rising demand for platform-based cybersecurity solutions as AI-related threats expand. Analysts also cited strong cash flow, platform adoption and the company’s AI-led growth strategy. PANW Q4 Earnings Call Focuses on AI-Led Platformization
• Positive Sentiment: Analyst support remains strong: Citigroup raised its price target to $410, while RBC lifted its target to $475. DA Davidson, Susquehanna, Rosenblatt, BTIG, Needham and Cantor Fitzgerald also maintained or reiterated bullish ratings with targets generally above the current trading level.
• Positive Sentiment: External bullish commentary: Jim Cramer described Palo Alto Networks favorably following the earnings report, potentially supporting investor sentiment toward the cybersecurity leader. Jim Cramer is Bullish on Palo Alto After Earnings Report
• Neutral Sentiment: Console acquisition: Palo Alto Networks reportedly paid approximately $500 million in cash and stock for AI help-desk startup Console. The deal could expand its AI capabilities, but the price and integration risks may temper the immediate benefit. Palo Alto Networks paid $500M for Thrive-backed Console
• Negative Sentiment: Valuation and profit-taking pressured the stock: Despite the earnings beat, shares fell sharply after investors viewed the results as insufficient relative to PANW’s premium valuation and lofty growth expectations. Barclays reportedly warned that the stock may have limited upside after a substantial prior rally. Palo Alto Networks Topped Estimates. The Stock Is Sinking Anyway
• Negative Sentiment: Insider selling: Chief Accounting Officer Josh Paul sold 900 shares for approximately $336,000. The sale represented only 1.23% of his holdings, limiting its significance, but it may add modestly to investor caution.

Palo Alto Networks Stock Up 1.1%

NASDAQ:PANW opened at $331.94 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $398.88. The company has a market cap of $270.53 billion, a PE ratio of 650.88, a P/E/G ratio of 10.04 and a beta of 0.91. The company’s 50 day moving average is $349.60 and its two-hundred day moving average is $254.27.

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, beating 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 analyst estimates of $3.35 billion. During the same period in the previous year, the company earned $0.95 earnings per share. The business’s quarterly revenue 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. Analysts anticipate that Palo Alto Networks, Inc. will post 2.25 EPS for the current year.

About Palo Alto Networks

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.