Palo Alto Networks, Inc. $PANW Shares Sold by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC lowered its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 24.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,348 shares of the network technology company’s stock after selling 4,339 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Palo Alto Networks were worth $5,303,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Palo Alto Networks in the 2nd quarter worth approximately $25,833,462,000. State Street Corp raised its position in shares of Palo Alto Networks by 4.2% during the 2nd quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock valued at $12,610,748,000 after acquiring an additional 1,493,179 shares in the last quarter. Bank of America Corp DE raised its position in shares of Palo Alto Networks by 0.9% during the 2nd quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock valued at $7,734,973,000 after acquiring an additional 205,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Palo Alto Networks by 8.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company’s stock worth $2,993,802,000 after purchasing an additional 706,003 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Palo Alto Networks by 4.4% during the first quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company’s stock worth $1,036,648,000 after purchasing an additional 273,103 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PANW shares. Argus reaffirmed a “buy” rating and issued a $425.00 price objective on shares of Palo Alto Networks in a report on Thursday, September 3rd. Mizuho set a $415.00 target price on shares of Palo Alto Networks and gave the stock an “outperform” rating in a report on Wednesday, August 19th. William Blair reissued an “outperform” rating on shares of Palo Alto Networks in a report on Tuesday, June 16th. Roth Capital restated a “neutral” rating and issued a $300.00 price target (up from $210.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Finally, Royal Bank Of Canada raised their price target on shares of Palo Alto Networks from $434.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Thirty-eight analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, Palo Alto Networks has a consensus rating of “Moderate Buy” and a consensus target price of $392.38.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, Director John Key sold 2,500 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $376.03, for a total value of $940,075.00. Following the sale, the director directly owned 10,000 shares in the company, valued at approximately $3,760,300. This trade represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Aparna Bawa sold 250 shares of the business’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $412.28, for a total transaction of $103,070.00. Following the transaction, the director directly owned 4,427 shares of the company’s stock, valued at approximately $1,825,163.56. This trade represents a 5.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 54,210 shares of company stock valued at $20,823,029 over the last three months. 1.40% of the stock is currently owned by company insiders.

Palo Alto Networks Stock Down 1.7%

Shares of Palo Alto Networks stock opened at $397.03 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. The business’s 50 day simple moving average is $372.63 and its 200-day simple moving average is $297.62. The stock has a market capitalization of $324.77 billion, a price-to-earnings ratio of 778.51, a PEG ratio of 11.62 and a beta of 0.93. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $432.33.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The business had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter last year, the business posted $0.95 EPS. The business’s revenue was up 34.5% on a year-over-year basis. 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. Equities research analysts forecast that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Palo Alto Networks Profile

Palo Alto Networks, Inc is a cybersecurity company that provides solutions designed to help organizations protect networks, endpoints, cloud environments, applications and users from cyber threats. Its offerings include next-generation firewalls, cloud-delivered security services, secure access service edge (SASE) solutions, endpoint protection and security operations tools.

The company also provides platforms and services for cloud security, threat intelligence, incident response, vulnerability management and the automation of security operations.