Palo Alto Networks, Inc. $PANW Stock Holdings Cut by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC decreased its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 40.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,646 shares of the network technology company’s stock after selling 5,191 shares during the period. Palo Alto Networks comprises about 1.5% of Taylor Frigon Capital Management LLC’s holdings, making the stock its 14th largest holding. Taylor Frigon Capital Management LLC’s holdings in Palo Alto Networks were worth $3,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity

In other Palo Alto Networks news, Director John Key sold 2,500 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $376.03, for a total transaction of $940,075.00. Following the sale, the director owned 10,000 shares of the company’s stock, valued at approximately $3,760,300. This represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dipak Golechha sold 27,500 shares of the business’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $391.60, for a total value of $10,769,000.00. Following the completion of the transaction, the executive vice president directly owned 117,750 shares in the company, valued at $46,110,900. This represents a 18.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 54,210 shares of company stock worth $20,823,029. 1.40% of the stock is owned by corporate insiders.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $380.55 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $432.33. The firm has a market cap of $311.29 billion, a PE ratio of 746.19, a price-to-earnings-growth ratio of 10.95 and a beta of 0.93. The firm’s fifty day moving average is $369.33 and its 200-day moving average is $307.79.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating 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. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. Palo Alto Networks’s quarterly revenue was up 34.5% on a year-over-year basis. During the same period in the prior year, the business posted $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. Sell-side analysts predict that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

PANW has been the topic of a number of research reports. Truist Financial set a $400.00 price objective on Palo Alto Networks in a research report on Wednesday, September 2nd. Argus reiterated a “buy” rating and issued a $425.00 target price on shares of Palo Alto Networks in a research report on Thursday, September 3rd. Susquehanna lifted their price target on Palo Alto Networks from $350.00 to $415.00 and gave the company a “positive” rating in a research note on Wednesday, September 2nd. DA Davidson boosted their price target on Palo Alto Networks from $345.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Finally, Weiss Ratings upgraded Palo Alto Networks from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average target price of $398.55.

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.