Key Points
- Palo Alto Networks CAO Josh Paul sold 400 shares at an average price of $395.70, totaling $158,280. He retained 77,987 shares valued at approximately $30.86 million.
- PANW shares opened at $406.76, near the 12-month high of $409.50, while the company reported quarterly EPS of $1.02 and revenue of $3.41 billion, exceeding analyst expectations.
- Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $391.32; institutional investors own approximately 79.82% of the stock.
Palo Alto Networks, Inc. (NASDAQ:PANW - Get Free Report) CAO Josh Paul sold 400 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $395.70, for a total value of $158,280.00. Following the transaction, the chief accounting officer owned 77,987 shares in the company, valued at $30,859,455.90. The trade was a 0.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Palo Alto Networks Stock Up 0.9%
PANW opened at $406.76 on Tuesday. 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 12 month low of $139.57 and a 12 month high of $409.50. The stock has a market capitalization of $332.73 billion, a P/E ratio of 797.58, a P/E/G ratio of 11.61 and a beta of 0.93. The business has a 50 day simple moving average of $363.84 and a 200-day simple moving average of $287.28.
Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.04. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%.Palo Alto Networks's quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 earnings per share. 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, equities analysts anticipate that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.
Institutional Trading of Palo Alto Networks
Several large investors have recently modified their holdings of the business. Solstein Capital LLC acquired a new position in shares of Palo Alto Networks during the 2nd quarter worth approximately $26,000. N.E.W. Advisory Services LLC acquired a new stake in Palo Alto Networks during the 2nd quarter valued at $27,000. Delos Wealth Advisors LLC acquired a new stake in Palo Alto Networks during the 2nd quarter valued at $28,000. Principia Wealth Advisory LLC increased its position in Palo Alto Networks by 125.0% during the second quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company's stock worth $28,000 after buying an additional 45 shares in the last quarter. Finally, Private Wealth Management Group LLC raised its holdings in shares of Palo Alto Networks by 148.1% in the first quarter. Private Wealth Management Group LLC now owns 201 shares of the network technology company's stock worth $32,000 after acquiring an additional 120 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms recently commented on PANW. Needham & Company LLC reissued a "buy" rating and set a $425.00 price objective on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Cantor Fitzgerald reiterated an "overweight" rating and set a $425.00 price target on shares of Palo Alto Networks in a research report on Tuesday, September 8th. Arete Research boosted their price target on Palo Alto Networks from $185.00 to $433.00 and gave the stock a "buy" rating in a research note on Monday, June 29th. The Goldman Sachs Group restated a "buy" rating and issued a $390.00 price target (up from $371.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Finally, Citigroup downgraded Palo Alto Networks from a "buy" rating to a "neutral" rating in a research note on Monday, September 7th. Thirty-eight investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat, Palo Alto Networks currently has a consensus rating of "Moderate Buy" and a consensus price target of $391.32.
Read Our Latest Report on PANW
Palo Alto Networks Company Profile
(
Get Free Report)
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.
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