1,722 Palo Alto Networks, Inc. $PANW Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC decreased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 10.7% in the third quarter, Holdings Channel.com reports. The firm owned 14,358 shares of the network technology company’s stock after selling 1,722 shares during the quarter. Sowell Financial Services LLC’s holdings in Palo Alto Networks were worth $5,704,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Palo Alto Networks during the second quarter valued at $25,833,462,000. Legal & General Group Plc bought a new position in shares of Palo Alto Networks during the second quarter valued at $1,968,304,000. Bank of New York Mellon Corp bought a new position in shares of Palo Alto Networks during the second quarter valued at $1,569,755,000. Deutsche Bank AG purchased a new stake in Palo Alto Networks during the 2nd quarter valued at about $1,481,236,000. Finally, Bank of America Corp DE grew its position in Palo Alto Networks by 16.0% during the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock valued at $3,603,473,000 after purchasing an additional 3,101,267 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Down 1.9%

Shares of NASDAQ PANW opened at $340.28 on Wednesday. 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 firm’s 50-day moving average price is $371.03 and its 200-day moving average price is $304.63. The stock has a market capitalization of $278.35 billion, a price-to-earnings ratio of 667.23, a P/E/G ratio of 9.99 and a beta of 0.93.

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 during 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%. The company’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same quarter in the previous 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, equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PANW has been the subject of a number of recent analyst reports. Susquehanna boosted their target price on Palo Alto Networks from $350.00 to $415.00 and gave the stock a “positive” rating in a research report on Wednesday, September 2nd. Loop Capital upped their target price on shares of Palo Alto Networks from $290.00 to $350.00 and gave the company a “hold” rating in a research note on Friday, August 21st. Morgan Stanley set a $410.00 price target on shares of Palo Alto Networks and gave the company an “overweight” rating in a report on Monday, September 21st. BTIG Research raised their price target on shares of Palo Alto Networks from $404.00 to $425.00 and gave the company a “buy” rating in a report on Monday, September 28th. Finally, Evercore reiterated an “outperform” rating on shares of Palo Alto Networks in a research note on Monday, August 31st. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $398.55.

Insiders Place Their Bets

In other Palo Alto Networks news, Director Aparna Bawa sold 1,000 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $373.61, for a total transaction of $373,610.00. Following the sale, the director owned 5,437 shares in the company, valued at approximately $2,031,317.57. The trade was a 15.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James J. Goetz sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total value of $7,533,600.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 54,210 shares of company stock valued at $20,823,029 in the last three months. 1.40% of the stock is currently owned by insiders.

About Palo Alto Networks

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.