Palo Alto Networks, Inc. $PANW Shares Sold by Legacy Wealth Management LLC MS

Legacy Wealth Management LLC MS lessened its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 12.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,473 shares of the network technology company’s stock after selling 3,748 shares during the period. Palo Alto Networks makes up about 3.1% of Legacy Wealth Management LLC MS’s investment portfolio, making the stock its 7th largest position. Legacy Wealth Management LLC MS’s holdings in Palo Alto Networks were worth $10,518,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Torren Management LLC increased its stake in Palo Alto Networks by 483.3% during the third quarter. Torren Management LLC now owns 245 shares of the network technology company’s stock worth $97,000 after acquiring an additional 203 shares during the last quarter. Cooper Capital Advisors LLC purchased a new position in shares of Palo Alto Networks in the 3rd quarter worth approximately $208,000. Summit Wealth Group LLC Co. boosted its holdings in shares of Palo Alto Networks by 7.7% in the 3rd quarter. Summit Wealth Group LLC Co. now owns 1,820 shares of the network technology company’s stock worth $723,000 after purchasing an additional 130 shares during the period. MBA Advisors LLC increased its position in shares of Palo Alto Networks by 1.7% during the 3rd quarter. MBA Advisors LLC now owns 1,840 shares of the network technology company’s stock valued at $731,000 after purchasing an additional 30 shares during the last quarter. Finally, Harold Davidson & Associates Inc. bought a new position in shares of Palo Alto Networks during the 3rd quarter valued at approximately $429,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insiders Place Their Bets

In related news, Director John P. Key sold 2,500 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $376.03, for a total transaction of $940,075.00. Following the transaction, the director directly owned 10,000 shares in the company, valued at $3,760,300. The trade was a 20.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Josh Paul sold 900 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $373.68, for a total value of $336,312.00. Following the transaction, the chief accounting officer directly owned 72,484 shares in the company, valued at $27,085,821.12. This represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 54,210 shares of company stock valued at $20,823,029. 0.55% of the stock is currently owned by company insiders.

Palo Alto Networks Price Performance

Shares of PANW stock opened at $351.72 on Tuesday. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $432.33. The stock’s 50-day moving average is $372.02 and its 200 day moving average is $270.70. The company has a market cap of $287.98 billion, a P/E ratio of 689.66, a PEG ratio of 11.31 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87.

Palo Alto Networks (NASDAQ:PANW) last announced 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. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The firm’s revenue was up 34.5% on a year-over-year basis. During the same period in the previous year, the company 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. Research analysts predict that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on PANW. Stephens set a $400.00 target price on shares of Palo Alto Networks and gave the company an “equal weight” rating in a research note on Wednesday, September 2nd. Evercore reaffirmed an “outperform” rating on shares of Palo Alto Networks in a research note on Monday, August 31st. Weiss Ratings upgraded shares of Palo Alto Networks from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Stifel Nicolaus set a $415.00 price objective on shares of Palo Alto Networks and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Finally, New Street Research set a $415.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 18th. Thirty-nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock 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.