Palo Alto Networks, Inc. $PANW Position Cut by Americana Partners LLC

Americana Partners LLC lessened its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 26.4% during the 3rd quarter, Holdings Channel reports. The firm owned 75,465 shares of the network technology company’s stock after selling 27,010 shares during the quarter. Americana Partners LLC’s holdings in Palo Alto Networks were worth $29,983,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. BlackRock Inc. purchased a new stake in Palo Alto Networks during the 2nd quarter worth about $25,833,462,000. State Street Corp boosted its position 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 worth $12,610,748,000 after acquiring an additional 1,493,179 shares during the last quarter. Bank of America Corp DE grew its stake in Palo Alto Networks by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock worth $7,734,973,000 after acquiring an additional 205,123 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Palo Alto Networks by 8.7% in the 2nd 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 worth $2,993,802,000 after acquiring an additional 706,003 shares during the period. Finally, First Trust Advisors LP raised its holdings in Palo Alto Networks by 4.4% in the 1st 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 acquiring an additional 273,103 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on PANW shares. Evercore restated an “outperform” rating on shares of Palo Alto Networks in a report on Monday, August 31st. Stephens set a $400.00 price target on shares of Palo Alto Networks and gave the company an “equal weight” rating in a report on Wednesday, September 2nd. Barclays restated an “overweight” rating and issued a $375.00 price target (up from $370.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Roth Capital reiterated a “neutral” rating and set a $300.00 price objective (up from $210.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Finally, Sanford C. Bernstein downgraded shares of Palo Alto Networks from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $253.00 to $351.00 in a research note on Thursday, September 17th. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $398.55.

Palo Alto Networks Trading Down 3.9%

Palo Alto Networks stock opened at $365.87 on Friday. The firm’s 50-day moving average is $372.15 and its 200-day moving average is $269.89. 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, Inc. has a 1 year low of $139.57 and a 1 year high of $432.33. The company has a market cap of $299.56 billion, a P/E ratio of 717.41, a PEG ratio of 10.92 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The company’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 EPS. 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 expect that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Aparna Bawa sold 250 shares of the stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $412.28, for a total value of $103,070.00. Following the sale, the director owned 4,427 shares of the company’s stock, valued at $1,825,163.56. This trade represents a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $376.68, for a total transaction of $7,533,600.00. The disclosure for this sale is available in the SEC filing. 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 insiders.

Palo Alto Networks Company Profile

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.