Palo Alto Networks, Inc. $PANW Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. cut its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 6.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 79,559 shares of the network technology company’s stock after selling 5,367 shares during the quarter. Palo Alto Networks comprises 2.8% of Telos Capital Management Inc.’s investment portfolio, making the stock its 3rd largest position. Telos Capital Management Inc.’s holdings in Palo Alto Networks were worth $31,610,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. QTR Family Wealth LLC lifted its stake in Palo Alto Networks by 17.0% during the 3rd quarter. QTR Family Wealth LLC now owns 834 shares of the network technology company’s stock valued at $331,000 after acquiring an additional 121 shares in the last quarter. Platform Technology Partners boosted its holdings in Palo Alto Networks by 9.7% during the 3rd quarter. Platform Technology Partners now owns 812 shares of the network technology company’s stock worth $323,000 after acquiring an additional 72 shares during the last quarter. Wealth Dimensions Group Ltd. boosted its holdings in Palo Alto Networks by 2.5% during the 3rd quarter. Wealth Dimensions Group Ltd. now owns 1,334 shares of the network technology company’s stock worth $530,000 after acquiring an additional 33 shares during the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Palo Alto Networks in the 3rd quarter worth $86,000. Finally, Northeast Investment Management grew its stake in shares of Palo Alto Networks by 0.4% in the 3rd quarter. Northeast Investment Management now owns 155,568 shares of the network technology company’s stock worth $61,809,000 after acquiring an additional 639 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Analysts Set New Price Targets

PANW has been the subject of several analyst reports. Rosenblatt Securities increased their target price on shares of Palo Alto Networks from $355.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Susquehanna boosted their price target on shares of Palo Alto Networks from $350.00 to $415.00 and gave the stock a “positive” rating in a report on Wednesday, September 2nd. Northland Securities set a $360.00 price objective on shares of Palo Alto Networks and gave the stock a “market perform” rating in a research report on Wednesday, September 2nd. Stephens set a $400.00 price objective on shares of Palo Alto Networks and gave the stock an “equal weight” rating in a research report on Wednesday, September 2nd. Finally, Benchmark increased their price objective on shares of Palo Alto Networks from $340.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $398.55.

Palo Alto Networks Trading Down 9.6%

NASDAQ PANW opened at $314.67 on Friday. The stock has a market capitalization of $257.64 billion, a price-to-earnings ratio of 617.01, a PEG ratio of 9.98 and a beta of 0.96. The business’s fifty day moving average is $371.68 and its 200-day moving average is $272.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87. 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 posted its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter last year, the company posted $0.95 earnings per share. The firm’s quarterly revenue was up 34.5% compared to the same quarter last year. 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 predict that Palo Alto Networks, Inc. will post 2.32 EPS for the current year.

Insider Activity

In other news, EVP Dipak Golechha sold 27,500 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $46,110,900. This represents a 18.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John P. Key sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $376.03, for a total transaction of $940,075.00. Following the sale, the director owned 10,000 shares of the company’s stock, valued at approximately $3,760,300. The trade was a 20.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 54,210 shares of company stock worth $20,823,029. 1.40% of the stock is owned by insiders.

Palo Alto Networks Company Profile

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.