Palo Alto Networks (NASDAQ:PANW) Director Sells 2,500 Shares of Stock

Palo Alto Networks, Inc. (NASDAQ:PANW) Director John Key sold 2,500 shares of Palo Alto Networks stock in a transaction 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 directly owned 10,000 shares in the company, valued at $3,760,300. This trade represents a 20.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Palo Alto Networks Stock Up 0.1%

NASDAQ:PANW traded up $0.56 on Wednesday, reaching $375.65. The stock had a trading volume of 5,239,743 shares, compared to its average volume of 8,483,044. The company has a 50-day moving average of $350.34 and a 200 day moving average of $265.14. 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 stock has a market cap of $307.28 billion, a P/E ratio of 736.58, a price-to-earnings-growth ratio of 10.79 and a beta of 0.91. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $398.88.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results 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 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 analyst estimates of $3.35 billion. During the same period in the previous year, the company earned $0.95 earnings per share. The company’s revenue for the quarter 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. On average, research analysts predict that Palo Alto Networks, Inc. will post 2.3 earnings per share for the current year.

Institutional Investors Weigh In On Palo Alto Networks

Several institutional investors and hedge funds have recently bought and sold shares of PANW. BlackRock Inc. acquired a new stake in shares of Palo Alto Networks during the 2nd quarter worth approximately $25,833,462,000. Bank of America Corp DE boosted its position in 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 purchasing an additional 205,123 shares during the period. State Street Corp boosted its position in Palo Alto Networks by 2.0% during the 4th quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock valued at $5,587,100,000 after purchasing an additional 594,789 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Palo Alto Networks by 8.7% during the 2nd 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 buying an additional 706,003 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Palo Alto Networks by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock worth $2,934,935,000 after buying an additional 540,756 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PANW. Robert W. Baird set a $420.00 price objective on Palo Alto Networks and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Scotiabank cut Palo Alto Networks from a “sector outperform” rating to a “hold” rating in a research note on Wednesday, September 2nd. Wolfe Research reissued an “outperform” rating and set a $320.00 price target on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Palo Alto Networks in a research note on Tuesday, September 1st. Finally, New Street Research set a $415.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 18th. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $387.60.

Palo Alto Networks Company Profile

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.