1,857 Palo Alto Networks, Inc. $PANW Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 2.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 71,131 shares of the network technology company’s stock after selling 1,857 shares during the period. D.A. Davidson & CO.’s holdings in Palo Alto Networks were worth $28,261,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Solstein Capital LLC bought a new position in shares of Palo Alto Networks during the second quarter worth approximately $26,000. N.E.W. Advisory Services LLC acquired a new stake in Palo Alto Networks during the 2nd quarter worth approximately $27,000. Delos Wealth Advisors LLC bought a new stake in Palo Alto Networks in the 2nd quarter valued at $28,000. Principia Wealth Advisory LLC boosted its stake in Palo Alto Networks by 125.0% in the 2nd quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock valued at $28,000 after purchasing an additional 45 shares during the period. Finally, Curry Webb Wealth Management LLC bought a new stake in Palo Alto Networks in the 3rd quarter valued at $36,000. 79.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Tigress Financial increased their price objective on Palo Alto Networks from $245.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Citizens Jmp boosted their target price on shares of Palo Alto Networks from $320.00 to $415.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 12th. Stephens set a $400.00 target price on shares of Palo Alto Networks and gave the company an “equal weight” rating in a research report on Wednesday, September 2nd. Oppenheimer restated an “outperform” rating and issued a $450.00 price target (up from $400.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Finally, BNP Paribas Exane raised their price target on shares of Palo Alto Networks from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Thirty-nine 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 has a consensus rating of “Moderate Buy” and a consensus target price of $398.55.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh Paul sold 900 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $373.68, for a total transaction of $336,312.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aparna Bawa sold 1,000 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $373.61, for a total value of $373,610.00. Following the sale, the director owned 5,437 shares of the company’s stock, valued at approximately $2,031,317.57. This represents a 15.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 54,210 shares of company stock valued at $20,823,029. 1.40% of the stock is currently owned by insiders.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $394.49 on Thursday. The firm has a market cap of $322.69 billion, a PE ratio of 773.52, a price-to-earnings-growth ratio of 10.95 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. The stock’s fifty day moving average price is $371.40 and its two-hundred day moving average price is $268.05. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $432.33.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results 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 firm 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%. The company’s revenue was up 34.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 EPS. 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 expect that Palo Alto Networks, Inc. will post 2.32 EPS for the current fiscal year.

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.