1,593 Palo Alto Networks, Inc. $PANW Shares Sold by First Financial Corp IN

First Financial Corp IN trimmed its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 25.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,625 shares of the network technology company’s stock after selling 1,593 shares during the quarter. First Financial Corp IN’s holdings in Palo Alto Networks were worth $1,838,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Accel Wealth Management purchased a new position in shares of Palo Alto Networks in the third quarter worth $227,000. Downshift Financial LLC grew its stake in Palo Alto Networks by 165.9% during the third quarter. Downshift Financial LLC now owns 335 shares of the network technology company’s stock valued at $133,000 after acquiring an additional 209 shares in the last quarter. Lincoln Capital Corp purchased a new stake in Palo Alto Networks in the 3rd quarter worth $213,000. Heffernan Advisory Inc. boosted its holdings in shares of Palo Alto Networks by 101.7% during the 3rd quarter. Heffernan Advisory Inc. now owns 1,210 shares of the network technology company’s stock valued at $481,000 after purchasing an additional 610 shares during the last quarter. Finally, Kieckhefer Group LLC bought a new position in shares of Palo Alto Networks during the 3rd quarter valued at about $228,000. 79.82% of the stock is currently owned by institutional investors.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 27,500 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the sale, the executive vice president directly owned 117,750 shares of the company’s stock, valued at $46,110,900. The trade was a 18.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James Goetz sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total value of $7,533,600.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 54,210 shares of company stock valued at $20,823,029 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PANW shares. Capital One Financial raised their price objective on Palo Alto Networks from $421.00 to $428.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Barclays reiterated an “overweight” rating and issued a $375.00 target price (up from $370.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. JPMorgan Chase & Co. increased their price target on Palo Alto Networks from $326.00 to $384.00 and gave the company an “overweight” rating in a research note on Tuesday, August 25th. Mizuho set a $415.00 price target on Palo Alto Networks and gave the company an “outperform” rating in a report on Wednesday, August 19th. Finally, HSBC cut their price target on Palo Alto Networks from $201.00 to $190.00 in a report on Thursday, September 3rd. Thirty-eight investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $392.38.

Palo Alto Networks Price Performance

Shares of Palo Alto Networks stock traded down $6.80 during trading hours on Tuesday, reaching $397.03. The company’s stock had a trading volume of 3,477,156 shares, compared to its average volume of 8,204,321. The firm has a 50 day moving average price of $372.02 and a 200-day moving average price of $295.90. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $432.33. 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 stock has a market cap of $324.77 billion, a P/E ratio of 778.51, a P/E/G ratio of 12.05 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The firm had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the prior year, the company earned $0.95 EPS. The business’s revenue was up 34.5% compared to the same quarter last year. 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, analysts predict that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Palo Alto Networks Company 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.