Palo Alto Networks, Inc. $PANW Stock Holdings Lowered by Park Avenue Securities LLC

Park Avenue Securities LLC cut its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,784 shares of the network technology company’s stock after selling 1,568 shares during the quarter. Park Avenue Securities LLC’s holdings in Palo Alto Networks were worth $15,409,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Solstein Capital LLC bought a new stake in Palo Alto Networks during the second quarter worth about $26,000. N.E.W. Advisory Services LLC purchased a new stake in Palo Alto Networks in the second quarter worth about $27,000. Delos Wealth Advisors LLC purchased a new stake in Palo Alto Networks in the second quarter worth about $28,000. Principia Wealth Advisory LLC increased its stake in shares of Palo Alto Networks by 125.0% during the second quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock valued at $28,000 after purchasing an additional 45 shares in the last quarter. Finally, Private Wealth Management Group LLC increased its stake in shares of Palo Alto Networks by 148.1% during the first quarter. Private Wealth Management Group LLC now owns 201 shares of the network technology company’s stock valued at $32,000 after purchasing an additional 120 shares in the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Stock Up 2.9%

PANW stock opened at $401.70 on Wednesday. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $432.33. The stock’s 50 day simple moving average is $371.00 and its 200 day simple moving average is $267.03.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. The firm’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same period in the previous 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. As a group, equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PANW shares. BNP Paribas Exane boosted their price target on Palo Alto Networks from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Tigress Financial boosted their target price on Palo Alto Networks from $245.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Argus reissued a “buy” rating and issued a $425.00 target price on shares of Palo Alto Networks in a research note on Thursday, September 3rd. HSBC cut their target price on Palo Alto Networks from $201.00 to $190.00 in a research note on Thursday, September 3rd. Finally, UBS Group restated a “neutral” rating and set a $390.00 price target (up from $300.00) on shares of Palo Alto Networks in a report on Wednesday, August 19th. 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.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average target price of $398.55.

Insider Activity at Palo Alto Networks

In other news, CAO Josh Paul sold 400 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $395.70, for a total transaction of $158,280.00. Following the sale, the chief accounting officer owned 77,987 shares of the company’s stock, valued at $30,859,455.90. This trade represents a 0.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James Goetz sold 20,000 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total transaction of $7,533,600.00. The SEC filing for this sale provides additional information. Insiders sold a total of 54,210 shares of company stock valued at $20,823,029 over the last three months. 1.40% of the stock is owned by insiders.

Palo Alto Networks 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.