Palo Alto Networks, Inc. $PANW Stock Position Cut by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc decreased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 35.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,603 shares of the network technology company’s stock after selling 3,666 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Palo Alto Networks were worth $2,765,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Janney Montgomery Scott LLC increased its holdings in shares of Palo Alto Networks by 15.0% during the first quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company’s stock worth $65,796,000 after purchasing an additional 53,485 shares during the period. B&D White Capital Company LLC bought a new position in shares of Palo Alto Networks in the first quarter worth $353,000. Bridgewater Advisors Inc. bought a new stake in Palo Alto Networks during the second quarter worth about $2,159,000. Granite Islands Private Wealth LLC lifted its position in Palo Alto Networks by 43.6% during the first quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company’s stock worth $2,453,000 after purchasing an additional 4,659 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in Palo Alto Networks by 1.6% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 240,029 shares of the network technology company’s stock valued at $95,366,000 after buying an additional 3,700 shares during the period. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh Paul sold 900 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $373.68, for a total value of $336,312.00. Following the sale, the chief accounting officer owned 72,484 shares in the company, valued at $27,085,821.12. This trade represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Aparna Bawa sold 1,000 shares of Palo Alto Networks stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $373.61, for a total value of $373,610.00. Following the completion of the sale, the director owned 5,437 shares of the company’s stock, valued at $2,031,317.57. The trade was a 15.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 54,210 shares of company stock worth $20,823,029. 1.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PANW. DA Davidson upped their price target on shares of Palo Alto Networks from $345.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Morgan Stanley set a $410.00 price target on shares of Palo Alto Networks and gave the company an “overweight” rating in a research note on Monday, September 21st. Loop Capital increased their price objective on Palo Alto Networks from $290.00 to $350.00 and gave the company a “hold” rating in a report on Friday, August 21st. BTIG Research lifted their target price on Palo Alto Networks from $404.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, September 28th. Finally, Susquehanna raised their price objective on Palo Alto Networks from $350.00 to $415.00 and gave the stock a “positive” rating 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $392.38.

Palo Alto Networks Price Performance

Shares of PANW stock traded down $3.08 during trading hours on Tuesday, hitting $400.75. 1,578,973 shares of the company’s stock were exchanged, compared to its average volume of 8,194,328. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $432.33. The company has a market capitalization of $327.81 billion, a PE ratio of 785.78, a PEG ratio of 12.05 and a beta of 0.93. The business’s 50 day simple moving average is $372.02 and its 200-day simple moving average is $295.90. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter last year, the firm posted $0.95 earnings per share. The company’s revenue for the quarter 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. On average, equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

About Palo Alto Networks

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.