Palo Alto Networks, Inc. $PANW Stock Sold by Westover Capital Advisors LLC

Westover Capital Advisors LLC reduced its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,513 shares of the network technology company’s stock after selling 1,344 shares during the period. Palo Alto Networks comprises approximately 2.5% of Westover Capital Advisors LLC’s investment portfolio, making the stock its 9th largest position. Westover Capital Advisors LLC’s holdings in Palo Alto Networks were worth $15,699,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Leo Wealth LLC acquired a new position in shares of Palo Alto Networks in the third quarter valued at approximately $874,000. Purewater Capital LLC acquired a new stake in Palo Alto Networks during the 3rd quarter worth approximately $214,000. Kingswood Wealth Advisors LLC boosted its position in Palo Alto Networks by 9.3% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 10,086 shares of the network technology company’s stock worth $4,007,000 after buying an additional 862 shares during the period. Sigma Planning Corp grew its holdings in Palo Alto Networks by 11.3% during the 3rd quarter. Sigma Planning Corp now owns 18,952 shares of the network technology company’s stock worth $7,428,000 after acquiring an additional 1,922 shares during the last quarter. Finally, Centerpoint Advisory Group bought a new stake in Palo Alto Networks during the 3rd quarter worth approximately $219,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Stock Up 2.6%

Shares of NASDAQ:PANW opened at $390.46 on Tuesday. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $432.33. The company has a market capitalization of $319.40 billion, a PE ratio of 765.62, a price-to-earnings-growth ratio of 10.95 and a beta of 0.93. The business has a fifty day moving average price of $370.35 and a two-hundred day moving average price of $264.97. 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 (NASDAQ:PANW) last released its earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. The company 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%. The business’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period in the previous year, the business 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. Analysts forecast that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director Aparna Bawa sold 250 shares of Palo Alto Networks stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $412.28, for a total value of $103,070.00. Following the sale, the director owned 4,427 shares of the company’s stock, valued at approximately $1,825,163.56. The trade was a 5.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dipak Golechha sold 27,500 shares of the business’s stock in a transaction dated 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 owned 117,750 shares in the company, valued at approximately $46,110,900. The trade was a 18.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 54,210 shares of company stock valued at $20,823,029 in the last three months. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PANW. Arete Research raised their price target on shares of Palo Alto Networks from $185.00 to $433.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Wells Fargo & Company reissued an “overweight” rating and set a $525.00 target price (up from $475.00) on shares of Palo Alto Networks in a research report on Monday, October 12th. 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 report on Wednesday, September 2nd. Stifel Nicolaus set a $415.00 price objective on shares of Palo Alto Networks and gave the company a “buy” rating in a research note on Wednesday, August 19th. Finally, Barclays reissued an “overweight” rating and issued a $375.00 price objective (up from $370.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $398.55.

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.