Key Points
- Palo Alto Networks director James Goetz sold 20,000 shares at an average price of $376.68, generating approximately $7.53 million in proceeds.
- The company exceeded quarterly expectations, reporting $1.02 in EPS and $3.41 billion in revenue, with revenue rising 34.5% year over year.
- Wall Street remains broadly bullish: 38 analysts rate the stock a Buy and 12 rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $390.02.
Palo Alto Networks, Inc. (NASDAQ:PANW - Get Free Report) Director James Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total transaction of $7,533,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Palo Alto Networks Stock Up 2.2%
Shares of NASDAQ PANW opened at $371.76 on Tuesday. The firm has a fifty day simple moving average of $353.76 and a two-hundred day simple moving average of $271.35. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $398.88. 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 firm has a market capitalization of $304.10 billion, a PE ratio of 728.96, a price-to-earnings-growth ratio of 10.46 and a beta of 0.91.
Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $3.41 billion for the quarter, compared to analysts' expectations of $3.35 billion. During the same quarter in the previous year, the company earned $0.95 earnings per share. Palo Alto Networks's quarterly 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 analysts expect that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Royal Bank Of Canada lifted their price target on Palo Alto Networks from $434.00 to $475.00 and gave the company an "outperform" rating in a research report on Wednesday, September 2nd. Cantor Fitzgerald reiterated an "overweight" rating and issued a $425.00 price objective on shares of Palo Alto Networks in a report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $430.00 price objective (up from $350.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. UBS Group reaffirmed a "neutral" rating and issued a $390.00 target price (up from $300.00) on shares of Palo Alto Networks in a research report on Wednesday, August 19th. Finally, FBN Securities reissued an "outperform" rating on shares of Palo Alto Networks in a research report on Wednesday, July 1st. Thirty-eight analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $390.02.
View Our Latest Report on PANW
Hedge Funds Weigh In On Palo Alto Networks
Hedge funds have recently added to or reduced their stakes in the company. Wellington Altus USA Inc. lifted its position in Palo Alto Networks by 17.8% in the 2nd quarter. Wellington Altus USA Inc. now owns 993 shares of the network technology company's stock valued at $339,000 after acquiring an additional 150 shares in the last quarter. Anchor Investment Management LLC increased its holdings in shares of Palo Alto Networks by 90.1% in the 2nd quarter. Anchor Investment Management LLC now owns 325 shares of the network technology company's stock worth $111,000 after purchasing an additional 154 shares in the last quarter. Reynders McVeigh Capital Management LLC purchased a new position in shares of Palo Alto Networks in the second quarter worth $382,000. Bullseye Investment Management LLC purchased a new position in shares of Palo Alto Networks in the second quarter worth $55,000. Finally, Marathon Wealth Advisors LLC lifted its holdings in shares of Palo Alto Networks by 4.4% during the second quarter. Marathon Wealth Advisors LLC now owns 13,115 shares of the network technology company's stock valued at $4,472,000 after purchasing an additional 554 shares in the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.
Palo Alto Networks Company Profile
(
Get Free Report)
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.
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