Partners Wealth Management LLC Makes New Investment in Palo Alto Networks, Inc. $PANW

Partners Wealth Management LLC acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,485 shares of the network technology company’s stock, valued at approximately $1,385,000.

A number of other large investors also recently bought and sold shares of PANW. B&D White Capital Company LLC purchased a new stake in shares of Palo Alto Networks in the 1st quarter valued at $353,000. Bridgewater Advisors Inc. acquired a new position in Palo Alto Networks during the 2nd quarter worth about $2,159,000. Mn Services Vermogensbeheer B.V. boosted its holdings in Palo Alto Networks by 1.6% during 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 acquiring an additional 3,700 shares during the period. First Citizens Bank & Trust Co. boosted its holdings in Palo Alto Networks by 126.6% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 18,600 shares of the network technology company’s stock valued at $7,390,000 after acquiring an additional 10,392 shares during the period. Finally, Hamilton Wealth LLC grew its position in Palo Alto Networks by 57.7% in the 1st quarter. Hamilton Wealth LLC now owns 37,869 shares of the network technology company’s stock valued at $6,071,000 after acquiring an additional 13,863 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PANW. TD Cowen reiterated a “buy” rating and set a $440.00 price target (up from $400.00) on shares of Palo Alto Networks in a research note on Friday, October 2nd. Susquehanna raised their price objective on shares of Palo Alto Networks from $350.00 to $415.00 and gave the company a “positive” rating in a research note on Wednesday, September 2nd. BTIG Research raised their price objective on shares of Palo Alto Networks from $404.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, September 28th. Roth Capital restated a “neutral” rating and issued a $300.00 price objective (up from $210.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $425.00 target price on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Thirty-nine analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average target price of $398.55.

Insider Buying and Selling at Palo Alto Networks

In related news, CAO Josh Paul sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $373.68, for a total transaction of $336,312.00. Following the sale, the chief accounting officer directly owned 72,484 shares in the company, valued at approximately $27,085,821.12. This represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dipak Golechha sold 27,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the completion of the sale, the executive vice president directly owned 117,750 shares in the company, valued at approximately $46,110,900. This trade represents a 18.93% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 54,210 shares of company stock valued at $20,823,029. 1.40% of the stock is currently owned by company insiders.

Palo Alto Networks Trading Down 3.9%

PANW opened at $365.87 on Friday. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $432.33. The stock has a market capitalization of $299.56 billion, a price-to-earnings ratio of 717.41, a PEG ratio of 10.92 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87. The business has a fifty day moving average price of $372.15 and a 200 day moving average price of $269.89.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.04. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate 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 revenue was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the business 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. Sell-side analysts expect that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current fiscal year.

Palo Alto Networks 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.