Key Points
- Director Aparna Bawa sold 250 PANW shares at an average price of $412.28, generating $103,070. Following the transaction, she owned 4,427 shares, a 5.35% reduction in her stake, after several earlier sales.
- Palo Alto Networks shares opened at $418.78 and were up 5.1%, trading near their 52-week high. The company recently beat quarterly earnings and revenue estimates, reporting $1.02 in EPS and $3.41 billion in revenue, with revenue up 34.5% year over year.
- Analyst sentiment remains positive, with 38 Buy ratings and 12 Holds, producing a “Moderate Buy” consensus and a $391.32 target price. Institutional investors own approximately 79.82% of the stock.
Palo Alto Networks, Inc. (NASDAQ:PANW - Get Free Report) Director Aparna Bawa sold 250 shares of the firm's stock in a transaction on Friday, October 9th. The shares were sold at an average price of $412.28, for a total value of $103,070.00. Following the completion of the sale, the director owned 4,427 shares in the company, valued at $1,825,163.56. The trade was a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Aparna Bawa also recently made the following trade(s):
- On Thursday, September 24th, Aparna Bawa sold 260 shares of Palo Alto Networks stock. The stock was sold at an average price of $392.69, for a total transaction of $102,099.40.
- On Tuesday, September 15th, Aparna Bawa sold 500 shares of Palo Alto Networks stock. The stock was sold at an average price of $377.18, for a total transaction of $188,590.00.
- On Monday, September 14th, Aparna Bawa sold 1,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $373.61, for a total transaction of $373,610.00.
Palo Alto Networks Trading Up 5.1%
Palo Alto Networks stock opened at $418.78 on Friday. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $432.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $342.56 billion, a price-to-earnings ratio of 821.15, a PEG ratio of 11.47 and a beta of 0.93. The firm has a 50-day moving average price of $370.88 and a two-hundred day moving average price of $293.25.
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 EPS for the quarter, beating the consensus estimate of $0.98 by $0.04. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. Palo Alto Networks's revenue was up 34.5% compared to the same quarter last year. During the same quarter last year, the business earned $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. Sell-side analysts expect that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages have weighed in on PANW. Wedbush started coverage on Palo Alto Networks in a research note on Friday, September 11th. They set an "outperform" rating and a $400.00 target price on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $430.00 price target (up from $350.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Robert W. Baird set a $420.00 price objective on shares of Palo Alto Networks and gave the company an "outperform" rating in a research note on Wednesday, September 2nd. HSBC reduced their price objective on shares of Palo Alto Networks from $201.00 to $190.00 in a report on Thursday, September 3rd. Finally, Guggenheim reiterated a "neutral" rating on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Thirty-eight investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $391.32.
Get Our Latest Stock Report on PANW
Institutional Trading of Palo Alto Networks
Several large investors have recently added to or reduced their stakes in PANW. BlackRock Inc. bought a new stake in shares of Palo Alto Networks in the 2nd quarter valued at about $25,833,462,000. State Street Corp grew its holdings in Palo Alto Networks by 4.2% during the second quarter. State Street Corp now owns 36,979,497 shares of the network technology company's stock valued at $12,610,748,000 after purchasing an additional 1,493,179 shares during the period. Bank of America Corp DE grew its holdings in Palo Alto Networks by 0.9% during the second 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Palo Alto Networks by 8.7% in the second 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 valued at $2,993,802,000 after purchasing an additional 706,003 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Palo Alto Networks by 4.4% in the first quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company's stock valued at $1,036,648,000 after purchasing an additional 273,103 shares in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.
About Palo Alto Networks
(
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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