Palo Alto Networks, Inc. $PANW Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA cut its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 2.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 49,433 shares of the network technology company’s stock after selling 1,430 shares during the quarter. Palo Alto Networks comprises approximately 1.8% of Jacobs & Co. CA’s holdings, making the stock its 15th biggest position. Jacobs & Co. CA’s holdings in Palo Alto Networks were worth $19,640,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PANW. Grove Bank & Trust increased its stake in shares of Palo Alto Networks by 7.0% in the third quarter. Grove Bank & Trust now owns 472 shares of the network technology company’s stock worth $188,000 after purchasing an additional 31 shares in the last quarter. Riversedge Advisors LLC lifted its stake in shares of Palo Alto Networks by 2.5% during the 3rd quarter. Riversedge Advisors LLC now owns 1,285 shares of the network technology company’s stock valued at $511,000 after buying an additional 31 shares in the last quarter. Trilogy Capital Inc. lifted its stake 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 valued at $725,000 after buying an additional 37 shares in the last quarter. Wisconsin Wealth Advisors LLC boosted its holdings in Palo Alto Networks by 1.2% in the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 3,206 shares of the network technology company’s stock worth $1,093,000 after buying an additional 38 shares during the period. Finally, Orrstown Financial Services Inc. boosted its holdings in Palo Alto Networks by 1.2% in the 2nd quarter. Orrstown Financial Services Inc. now owns 3,197 shares of the network technology company’s stock worth $1,090,000 after buying an additional 38 shares during the period. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $418.78 on Friday. The stock’s 50-day simple moving average is $370.88 and its two-hundred day simple moving average is $293.25. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $432.33. The firm has a market capitalization of $342.56 billion, a P/E ratio of 821.15, a P/E/G ratio of 11.47 and a beta of 0.93. 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 released its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The business’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, equities analysts anticipate that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BNP Paribas Exane increased their target price on Palo Alto Networks from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. TD Cowen reiterated a “buy” rating and issued a $440.00 price target (up from $400.00) on shares of Palo Alto Networks in a research report on Friday, October 2nd. Argus reiterated a “buy” rating and set a $425.00 price objective on shares of Palo Alto Networks in a research note on Thursday, September 3rd. Northland Securities set a $360.00 price objective on Palo Alto Networks and gave the stock a “market perform” rating in a report on Wednesday, September 2nd. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $390.00 target price (up from $371.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Thirty-eight research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $391.32.

Insider Activity

In other Palo Alto Networks news, CAO Josh D. Paul sold 900 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 72,484 shares of the company’s stock, valued at $27,085,821.12. This represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James J. Goetz sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total transaction of $7,533,600.00. The SEC filing for this sale provides additional information. In the last three months, insiders sold 54,210 shares of company stock worth $20,823,029. 1.40% of the stock is currently owned by insiders.

Palo Alto Networks Profile

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.