2,209 Palo Alto Networks, Inc. $PANW Shares Sold by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC lowered its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 9.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,519 shares of the network technology company’s stock after selling 2,209 shares during the period. Palo Alto Networks accounts for about 1.5% of Plimoth Trust Co. LLC’s investment portfolio, making the stock its 14th biggest holding. Plimoth Trust Co. LLC’s holdings in Palo Alto Networks were worth $8,152,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of PANW. Janney Montgomery Scott LLC raised its position in Palo Alto Networks by 15.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company’s stock worth $65,796,000 after buying an additional 53,485 shares during the last quarter. B&D White Capital Company LLC acquired a new stake in Palo Alto Networks during the 1st quarter valued at approximately $353,000. Bridgewater Advisors Inc. purchased a new stake in shares of Palo Alto Networks in the 2nd quarter valued at $2,159,000. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Palo Alto Networks by 1.6% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 240,029 shares of the network technology company’s stock valued at $95,366,000 after acquiring an additional 3,700 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its holdings in shares of Palo Alto Networks by 126.6% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 18,600 shares of the network technology company’s stock valued at $7,390,000 after acquiring an additional 10,392 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Up 2.6%

PANW opened at $390.46 on Tuesday. The company has a fifty day moving average of $370.35 and a two-hundred day moving average of $264.97. The stock has a market capitalization of $319.40 billion, a price-to-earnings ratio of 765.62, a PEG ratio of 10.95 and a beta of 0.93. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $432.33. 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 (NASDAQ:PANW) last posted its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the prior year, the company posted $0.95 EPS. The company’s revenue for the quarter was up 34.5% on a year-over-year basis. 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 expect that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Scotiabank lowered shares of Palo Alto Networks from a “sector outperform” rating to a “hold” rating in a research note on Wednesday, September 2nd. Barclays restated an “overweight” rating and set a $375.00 target price (up from $370.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Benchmark increased their price target on Palo Alto Networks from $340.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $430.00 price objective (up from $350.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Finally, DA Davidson boosted their price objective on Palo Alto Networks from $345.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $398.55.

Insider Transactions at Palo Alto Networks

In related news, Director James Goetz sold 20,000 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $376.68, for a total value of $7,533,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Aparna Bawa sold 1,000 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $373.61, for a total value of $373,610.00. Following the completion of the transaction, the director directly owned 5,437 shares of the company’s stock, valued at $2,031,317.57. The trade was a 15.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 54,210 shares of company stock worth $20,823,029 over the last quarter. Company insiders own 1.40% of the company’s stock.

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.