Waverly Advisors LLC Trims Stake in Palo Alto Networks, Inc. $PANW

Waverly Advisors LLC lowered its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 24.2% in the second quarter, Holdings Channel.com reports. The fund owned 95,594 shares of the network technology company’s stock after selling 30,536 shares during the quarter. Waverly Advisors LLC’s holdings in Palo Alto Networks were worth $32,599,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Solstein Capital LLC bought a new stake in shares of Palo Alto Networks during the second quarter valued at approximately $26,000. N.E.W. Advisory Services LLC acquired a new stake in Palo Alto Networks in the second quarter valued at approximately $27,000. Delos Wealth Advisors LLC purchased a new position in Palo Alto Networks during the 2nd quarter worth $28,000. Principia Wealth Advisory LLC boosted its holdings in Palo Alto Networks by 125.0% in the second quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock worth $28,000 after acquiring an additional 45 shares in the last quarter. Finally, EMC Capital Management purchased a new stake in shares of Palo Alto Networks during the second quarter worth about $34,000. Institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling

In other Palo Alto Networks news, Director Helle Thorning-Schmidt sold 700 shares of the business’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 transaction of $242,795.00. Following the completion of the sale, the director directly owned 5,898 shares in the company, valued at approximately $2,045,721.30. The trade was a 10.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Josh Paul sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $373.68, for a total value of $336,312.00. Following the completion of the transaction, the chief accounting officer owned 72,484 shares in the company, valued at approximately $27,085,821.12. This trade represents a 1.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,635 shares of company stock worth $11,150,578 in the last quarter. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on PANW. Jefferies Financial Group reissued a “buy” rating and issued a $450.00 target price (up from $335.00) on shares of Palo Alto Networks in a research report on Friday, August 28th. Citizens Jmp increased their price target on shares of Palo Alto Networks from $320.00 to $415.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 12th. Wolfe Research restated an “outperform” rating and set a $320.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $253.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Finally, Royal Bank Of Canada raised their target price on shares of Palo Alto Networks from $434.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Thirty-nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus price target of $385.67.

Palo Alto Networks Price Performance

NASDAQ:PANW traded up $3.72 during trading hours on Tuesday, reaching $336.98. 6,122,994 shares of the company were exchanged, compared to its average volume of 8,561,149. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm has a market cap of $274.64 billion, a PE ratio of 660.76, a price-to-earnings-growth ratio of 9.62 and a beta of 0.91. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $398.88. The stock’s 50-day moving average is $350.13 and its 200-day moving average is $257.94.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results 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. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The company’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.95 earnings per share. 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 anticipate that Palo Alto Networks, Inc. will post 2.3 earnings per share for the current fiscal year.

Palo Alto Networks Company Profile

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.