Palo Alto Networks, Inc. $PANW Shares Newly Purchased by Cornerstone Advisors LLC

Cornerstone Advisors LLC bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,883 shares of the network technology company’s stock, valued at approximately $8,694,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Solstein Capital LLC acquired a new stake in shares of Palo Alto Networks in the 2nd quarter worth approximately $26,000. N.E.W. Advisory Services LLC purchased a new position in Palo Alto Networks in the 2nd quarter valued at approximately $27,000. Delos Wealth Advisors LLC acquired a new position in Palo Alto Networks during the second quarter worth $28,000. Principia Wealth Advisory LLC raised its holdings in Palo Alto Networks by 125.0% during the second quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock worth $28,000 after purchasing an additional 45 shares during the last quarter. Finally, Putney Financial Group LLC acquired a new position in Palo Alto Networks during the third quarter worth $31,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Price Performance

PANW stock opened at $322.24 on Friday. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year 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. The stock’s 50 day moving average price is $367.50 and its 200 day moving average price is $277.20. The firm has a market cap of $263.84 billion, a P/E ratio of 631.86, a PEG ratio of 9.25 and a beta of 0.96.

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, beating analysts’ consensus estimates of $0.98 by $0.04. The firm 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%. Palo Alto Networks’s quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. On average, sell-side analysts expect that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on PANW. Truist Financial set a $400.00 target price on Palo Alto Networks in a report on Wednesday, September 2nd. UBS Group reaffirmed a “neutral” rating and set a $390.00 price target (up from $300.00) on shares of Palo Alto Networks in a research note on Wednesday, August 19th. Scotiabank downgraded Palo Alto Networks from a “sector outperform” rating to a “hold” rating in a research note on Wednesday, September 2nd. Loop Capital boosted their price objective on shares of Palo Alto Networks from $290.00 to $350.00 and gave the stock a “hold” rating in a research report on Friday, August 21st. Finally, Rosenblatt Securities increased their price objective on shares of Palo Alto Networks from $355.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Forty equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $397.12.

Latest Palo Alto Networks News

Here’s some of the latest news about PANW:

• Neutral Sentiment: Jefferies lowered its price target from $450 to $400 but maintained a Buy rating, leaving the analyst positive while signaling a more cautious valuation view. Jefferies analyst recommendations
• Neutral Sentiment: PANW was also noted as a holding in Jim Cramer’s Charitable Trust. This is a visibility signal, but the article provides no new company-specific operating or financial catalyst. A Jim Cramer’s Trust Stock Is Using AI to Breaks the Defenses It Helps Protect
• Negative Sentiment: A Zacks comparison favored Cloudflare over Palo Alto, citing Cloudflare’s stronger revenue-growth outlook and rising AI-security demand. This could weigh on PANW relative to peers, though it is one analyst’s comparison rather than a change to PANW’s outlook. PANW vs. NET: Which Cybersecurity Stock Should You Buy Right Now?

Insider Buying and Selling at Palo Alto Networks

In related news, Director James Goetz sold 20,000 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total transaction of $7,533,600.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Josh Paul sold 400 shares of Palo Alto Networks stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $395.70, for a total value of $158,280.00. Following the sale, the chief accounting officer owned 77,987 shares of the company’s stock, valued at approximately $30,859,455.90. This represents a 0.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 54,210 shares of company stock valued at $20,823,029. 0.55% of the stock is owned by company insiders.

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.