Palo Alto Networks (NASDAQ:PANW) Director James Goetz Sells 20,000 Shares of Stock

Palo Alto Networks, Inc. (NASDAQ:PANW) Director James Goetz sold 20,000 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $376.68, for a total value of $7,533,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Palo Alto Networks Stock Up 2.2%

Shares of NASDAQ:PANW traded up $8.18 on Monday, reaching $371.76. The company had a trading volume of 5,136,355 shares, compared to its average volume of 8,482,035. The stock has a market capitalization of $304.10 billion, a P/E ratio of 728.96, a P/E/G ratio of 10.46 and a beta of 0.91. The stock has a 50-day moving average price of $352.93 and a 200 day moving average price of $269.83. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $398.88. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the prior year, the firm posted $0.95 EPS. The firm’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 analysts expect that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PANW shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $425.00 target price on shares of Palo Alto Networks in a research note on Tuesday, September 8th. BTIG Research boosted their target price on shares of Palo Alto Networks from $380.00 to $404.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. BNP Paribas Exane upped their price target on shares of Palo Alto Networks from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, September 2nd. Wedbush initiated coverage on Palo Alto Networks in a research report on Friday, September 11th. They issued an “outperform” rating and a $400.00 price target on the stock. Finally, FBN Securities reiterated an “outperform” rating on shares of Palo Alto Networks in a research note on Wednesday, July 1st. Thirty-eight analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Palo Alto Networks has an average rating of “Moderate Buy” and an average price target of $390.02.

Institutional Trading of Palo Alto Networks

Institutional investors have recently modified their holdings of the company. Trilogy Capital Inc. grew its position in shares of Palo Alto Networks by 1.8% during the 2nd quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company’s stock worth $725,000 after buying an additional 37 shares during the period. Wisconsin Wealth Advisors LLC boosted its stake in Palo Alto Networks by 1.2% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 3,206 shares of the network technology company’s stock worth $1,093,000 after acquiring an additional 38 shares during the last quarter. Orrstown Financial Services Inc. grew its holdings in Palo Alto Networks by 1.2% during the second quarter. Orrstown Financial Services Inc. now owns 3,197 shares of the network technology company’s stock valued at $1,090,000 after purchasing an additional 38 shares during the period. Principia Wealth Advisory LLC increased its stake in Palo Alto Networks by 125.0% in the second quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock valued at $28,000 after purchasing an additional 45 shares in the last quarter. Finally, WNY Asset Management LLC raised its holdings in Palo Alto Networks by 2.8% in the second quarter. WNY Asset Management LLC now owns 1,751 shares of the network technology company’s stock worth $597,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

About Palo Alto Networks

Palo Alto Networks, Inc is a cybersecurity company that provides security products and services to businesses, governments and other organizations worldwide. The company helps customers protect networks, cloud environments, endpoints, applications and connected devices from cyber threats.

Its portfolio includes next-generation firewalls and network security technologies, as well as cloud-delivered security solutions such as Prisma Access and Prisma Cloud. Palo Alto Networks also offers Cortex products for endpoint protection, security operations, threat detection and response, and automation.