Analysts Set Palo Alto Networks, Inc. (NASDAQ:PANW) PT at $387.60

Palo Alto Networks, Inc. (NASDAQ:PANW) has received an average rating of “Moderate Buy” from the fifty analysts that are covering the company, MarketBeat reports. Twelve investment analysts have rated the stock with a hold rating and thirty-eight have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $389.6809.

Several equities research analysts have recently issued reports on PANW shares. Guggenheim restated a “neutral” rating on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Evercore reissued an “outperform” rating on shares of Palo Alto Networks in a research report on Monday, August 31st. Benchmark raised their price objective on shares of Palo Alto Networks from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. Tigress Financial boosted their target price on Palo Alto Networks from $245.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Finally, Rosenblatt Securities increased their price target on Palo Alto Networks from $355.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd.

Palo Alto Networks Trading Down 3.1%

Shares of NASDAQ PANW opened at $363.58 on Friday. Palo Alto Networks has a 1-year low of $139.57 and a 1-year high of $398.88. 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 business’s 50 day moving average is $352.93 and its two-hundred day moving average is $268.99. The stock has a market capitalization of $297.41 billion, a P/E ratio of 712.92, a PEG ratio of 10.82 and a beta of 0.91.

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 the consensus estimate of $0.98 by $0.04. The firm had revenue of $3.41 billion for 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 for the quarter was up 34.5% compared to the same quarter last year. During the same quarter in the previous 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 will post 2.3 EPS for the current year.

Insider Buying and Selling

In other news, Director Aparna Bawa sold 1,000 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $373.61, for a total value of $373,610.00. Following the transaction, the director directly owned 5,437 shares in the company, valued at approximately $2,031,317.57. This represents a 15.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 900 shares of Palo Alto Networks stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total transaction of $310,500.00. Following the sale, the chief accounting officer owned 79,644 shares of the company’s stock, valued at $27,477,180. The trade was a 1.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,667 shares of company stock worth $4,560,718 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Palo Alto Networks

Several institutional investors and hedge funds have recently modified their holdings of PANW. Solstein Capital LLC purchased a new stake in shares of Palo Alto Networks in the 2nd quarter worth $26,000. Sittner & Nelson LLC increased its stake in shares of Palo Alto Networks by 73.8% during the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after buying an additional 62 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of Palo Alto Networks in the second quarter valued at about $27,000. WHI TRUST Co LLC purchased a new stake in Palo Alto Networks in the fourth quarter worth about $28,000. Finally, Delos Wealth Advisors LLC purchased a new stake in Palo Alto Networks in the second quarter worth about $28,000. Institutional investors own 79.82% of the company’s stock.

About Palo Alto Networks

Palo Alto Networks, Inc is a cybersecurity company that provides security products and services to businesses, governments and other organizations worldwide. The company helps customers protect networks, cloud environments, endpoints, applications and connected devices from cyber threats.

Its portfolio includes next-generation firewalls and network security technologies, as well as cloud-delivered security solutions such as Prisma Access and Prisma Cloud. Palo Alto Networks also offers Cortex products for endpoint protection, security operations, threat detection and response, and automation.