2,635 Shares in Palo Alto Networks, Inc. $PANW Bought by Greg Jennings LLC

Greg Jennings LLC acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,635 shares of the network technology company’s stock, valued at approximately $1,047,000. Palo Alto Networks comprises 0.7% of Greg Jennings LLC’s investment portfolio, making the stock its 27th biggest holding.

Other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its holdings in Palo Alto Networks by 15.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company’s stock worth $65,796,000 after acquiring an additional 53,485 shares in the last quarter. B&D White Capital Company LLC acquired a new stake in shares of Palo Alto Networks in the 1st quarter valued at about $353,000. Bridgewater Advisors Inc. acquired a new stake in shares of Palo Alto Networks in the 2nd quarter valued at about $2,159,000. Granite Islands Private Wealth LLC lifted its position in shares of 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 last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its position in shares of Palo Alto Networks by 1.6% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 240,029 shares of the network technology company’s stock worth $95,366,000 after purchasing an additional 3,700 shares during the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Stock Performance

Shares of NASDAQ:PANW traded up $4.95 during trading hours on Monday, hitting $346.95. The stock had a trading volume of 4,595,061 shares, compared to its average volume of 8,170,998. The stock’s fifty day simple moving average is $372.66 and its 200 day simple moving average is $302.05. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $432.33. The firm has a market capitalization of $283.81 billion, a price-to-earnings ratio of 680.31, a PEG ratio of 9.84 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $3.35 billion. During the same period in the previous year, the firm posted $0.95 earnings per share. The business’s 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. Sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PANW has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on Palo Alto Networks from $326.00 to $384.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 25th. FBN Securities reissued an “outperform” rating on shares of Palo Alto Networks in a research report on Wednesday, July 1st. Arete Research lifted their target price on Palo Alto Networks from $185.00 to $433.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Robert W. Baird set a $420.00 target price on Palo Alto Networks and gave the company an “outperform” rating in a report on Wednesday, September 2nd. Finally, Argus reiterated a “buy” rating and set a $425.00 price target on shares of Palo Alto Networks in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $395.25.

Insider Activity at Palo Alto Networks

In other news, Director James Goetz sold 20,000 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total value of $7,533,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dipak Golechha sold 27,500 shares of the stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $391.60, for a total value of $10,769,000.00. Following the completion of the transaction, the executive vice president directly owned 117,750 shares of the company’s stock, valued at approximately $46,110,900. The trade was a 18.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 54,210 shares of company stock worth $20,823,029 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

About Palo Alto Networks

Palo Alto Networks, Inc (NASDAQ:PANW) is a global cybersecurity company that helps organizations protect networks, cloud environments, endpoints, and digital infrastructure. Its offerings are designed to prevent cyberattacks, identify security risks, monitor activity, and support incident response across enterprise, government, and service-provider environments.

The company’s portfolio includes network security products such as next-generation firewalls and security operations tools; Prisma, its cloud security platform; and Cortex, a suite focused on endpoint protection, threat detection, security analytics, and automated response.