2,232 Shares of Palo Alto Networks, Inc. $PANW Bought by Carroll Advisory Group LLC

Carroll Advisory Group LLC acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,232 shares of the network technology company’s stock, valued at approximately $887,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in Palo Alto Networks in the 2nd quarter worth approximately $25,833,462,000. State Street Corp lifted its holdings in shares of Palo Alto Networks by 4.2% during the second quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock worth $12,610,748,000 after buying an additional 1,493,179 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Palo Alto Networks by 0.9% during the second quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock worth $7,734,973,000 after buying an additional 205,123 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 period. Finally, Legal & General Group Plc bought a new stake in shares of Palo Alto Networks in the second quarter valued at approximately $1,968,304,000. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Price Performance

Shares of PANW stock opened at $342.00 on Friday. The stock has a 50 day moving average of $372.66 and a two-hundred day moving average of $301.02. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $432.33. The company has a market capitalization of $279.76 billion, a P/E ratio of 670.60, a P/E/G ratio of 10.66 and a beta of 0.93.

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, topping the consensus estimate of $0.98 by $0.04. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm earned $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. As a group, equities analysts expect that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Insider Transactions at Palo Alto Networks

In related news, CAO Josh Paul sold 900 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was 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 directly owned 72,484 shares of the company’s stock, valued at $27,085,821.12. This trade represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dipak Golechha sold 27,500 shares of Palo Alto Networks stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the sale, the executive vice president owned 117,750 shares in the company, valued at $46,110,900. This represents a 18.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 54,210 shares of company stock valued at $20,823,029 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of Palo Alto Networks from $434.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Evercore reiterated an “outperform” rating on shares of Palo Alto Networks in a research note on Monday, August 31st. Roth Capital reiterated a “neutral” rating and set a $300.00 target price (up from $210.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Citizens Jmp increased their price target on shares of Palo Alto Networks from $320.00 to $415.00 and gave the company a “market outperform” rating in a report on Wednesday, August 12th. Finally, BTIG Research raised their price target on shares of Palo Alto Networks from $404.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $393.02.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc is a cybersecurity company that provides solutions designed to help organizations protect networks, endpoints, cloud environments, applications and users from cyber threats. Its offerings include next-generation firewalls, cloud-delivered security services, secure access service edge (SASE) solutions, endpoint protection and security operations tools.

The company also provides platforms and services for cloud security, threat intelligence, incident response, vulnerability management and the automation of security operations.