Palo Alto Networks, Inc. $PANW Stock Sold by SVB Wealth LLC

SVB Wealth LLC decreased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 25.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,498 shares of the network technology company’s stock after selling 2,522 shares during the quarter. SVB Wealth LLC’s holdings in Palo Alto Networks were worth $2,979,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Solstein Capital LLC bought a new stake in shares of Palo Alto Networks during the second quarter worth $26,000. Putney Financial Group LLC bought a new position in shares of Palo Alto Networks in the third quarter valued at about $31,000. N.E.W. Advisory Services LLC bought a new position in shares of Palo Alto Networks in the second quarter valued at about $27,000. Delos Wealth Advisors LLC bought a new position in shares of Palo Alto Networks in the second quarter valued at about $28,000. Finally, Principia Wealth Advisory LLC raised its holdings in shares of Palo Alto Networks by 125.0% in the second quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock valued at $28,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Activity at Palo Alto Networks

In other news, Director James Goetz sold 20,000 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $376.68, for a total value of $7,533,600.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dipak Golechha sold 27,500 shares of the firm’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $391.60, for a total transaction 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 trade represents a 18.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 54,210 shares of company stock worth $20,823,029. Insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

PANW has been the topic of a number of research analyst reports. Truist Financial set a $400.00 price objective on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Deutsche Bank restated a “buy” rating and issued a $430.00 price objective (up from $350.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $525.00 target price (up from $475.00) on shares of Palo Alto Networks in a research note on Monday, October 12th. Roth Capital reiterated a “neutral” rating and set a $300.00 target price (up from $210.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Finally, Jefferies Financial Group decreased their price target on shares of Palo Alto Networks from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday. Forty research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and a consensus target price of $397.49.

Palo Alto Networks Trading Down 3.5%

Shares of PANW opened at $322.66 on Friday. The company has a quick ratio of 0.87, a current 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 has a market capitalization of $264.18 billion, a PE ratio of 632.68, a price-to-earnings-growth ratio of 9.59 and a beta of 0.96. The stock’s fifty day simple moving average is $367.70 and its 200-day simple moving average is $276.51.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly 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 for the quarter, compared to analysts’ expectations of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The firm’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter last 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. As a group, research analysts predict that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current year.

Palo Alto Networks News Roundup

Here’s some of the latest news about PANW:

• Positive Sentiment: Palo Alto’s software-firewall annual recurring revenue rose 29%, with cloud and AI workloads supporting demand for its network-security products. Can Software Firewall Demand Boost PANW’s Network Security Growth?
• Positive Sentiment: An article described Palo Alto’s AI security tool as its fastest product ramp and noted CIBC placed PANW seventh on a list of stocks to buy after the U.S. midterm elections. Palo Alto Networks: Its AI Security Tool Became the Company’s Fastest Product Ramp
• Negative Sentiment: A Zacks comparison favored Cloudflare over Palo Alto, citing Cloudflare’s stronger revenue-growth outlook and rising AI-security demand—potentially adding competitive pressure on PANW. PANW vs. NET: Which Cybersecurity Stock Should You Buy Right Now?

Palo Alto Networks Company Profile

Palo Alto Networks, Inc. is a cybersecurity company that provides products and services to help organizations protect their networks, cloud environments, devices and applications. Its offerings include next-generation firewalls, cloud security tools, secure access services and platforms for detecting and responding to cyber threats. The company’s product portfolio includes Prisma for cloud and network security and Cortex for security operations, including threat detection and response. It also provides cybersecurity consulting and incident-response services through Unit 42.