Palo Alto Networks, Inc. $PANW Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC reduced its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 12.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 62,539 shares of the network technology company’s stock after selling 8,552 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Palo Alto Networks were worth $24,847,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PANW. Solstein Capital LLC purchased a new stake in shares of Palo Alto Networks in the second quarter valued at approximately $26,000. N.E.W. Advisory Services LLC purchased a new position in Palo Alto Networks during the second quarter worth approximately $27,000. Delos Wealth Advisors LLC purchased a new position in Palo Alto Networks during the second quarter worth about $28,000. Principia Wealth Advisory LLC raised its holdings in Palo Alto Networks by 125.0% in the 2nd quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock valued at $28,000 after buying an additional 45 shares during the period. Finally, Private Wealth Management Group LLC raised its holdings in shares of Palo Alto Networks by 148.1% in the 1st quarter. Private Wealth Management Group LLC now owns 201 shares of the network technology company’s stock valued at $32,000 after buying an additional 120 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Trading Down 1.8%

Shares of PANW stock traded down $6.24 on Tuesday, reaching $340.71. 1,963,730 shares of the stock were exchanged, compared to its average volume of 8,139,888. The firm has a 50 day moving average of $371.90 and a two-hundred day moving average of $303.36. The stock has a market cap of $278.70 billion, a P/E ratio of 669.08, a price-to-earnings-growth ratio of 9.84 and a beta of 0.93. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $432.33.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating the consensus estimate 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 quarter last year, the firm posted $0.95 earnings per share. Palo Alto Networks’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. On average, research analysts anticipate that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Wall Street Analyst Weigh In

PANW has been the topic of a number of analyst reports. Oppenheimer restated an “outperform” rating and issued a $450.00 price target (up from $400.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. DA Davidson lifted their price objective on shares of Palo Alto Networks from $345.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Roth Capital reiterated a “neutral” rating and issued a $300.00 price objective (up from $210.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Robert W. Baird set a $420.00 price target on Palo Alto Networks and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Finally, Sanford C. Bernstein downgraded Palo Alto Networks from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $253.00 to $351.00 in a report on Thursday, September 17th. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $398.55.

Insider Activity at Palo Alto Networks

In related news, EVP Dipak Golechha sold 27,500 shares of the firm’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the completion of the sale, the executive vice president directly owned 117,750 shares of the company’s stock, valued at approximately $46,110,900. This trade represents a 18.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total transaction of $7,533,600.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 54,210 shares of company stock valued at $20,823,029. 1.40% of the stock is currently owned by corporate insiders.

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.