Palo Alto Networks, Inc. $PANW Stock: Curated Wealth Partners LLC Reduces Position

Curated Wealth Partners LLC lessened its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 99.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,983 shares of the network technology company’s stock after selling 1,071,898 shares during the quarter. Curated Wealth Partners LLC’s holdings in Palo Alto Networks were worth $788,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. WealthPlan Investment Management LLC increased its stake in shares of Palo Alto Networks by 5.2% in the 3rd quarter. WealthPlan Investment Management LLC now owns 9,803 shares of the network technology company’s stock valued at $3,895,000 after purchasing an additional 488 shares in the last quarter. Purus Wealth Management LLC raised its position in shares of Palo Alto Networks by 12.8% during the 3rd quarter. Purus Wealth Management LLC now owns 835 shares of the network technology company’s stock worth $332,000 after purchasing an additional 95 shares during the last quarter. SBE LLC DBA Cedar Cove Wealth Partners increased its stake in Palo Alto Networks by 8.0% during the 3rd quarter. SBE LLC DBA Cedar Cove Wealth Partners now owns 2,209 shares of the network technology company’s stock worth $878,000 after buying an additional 163 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Palo Alto Networks in the third quarter valued at approximately $385,000. Finally, HBW Advisory Services LLC boosted its stake in shares of Palo Alto Networks by 15.4% in the third quarter. HBW Advisory Services LLC now owns 1,025 shares of the network technology company’s stock worth $407,000 after acquiring an additional 137 shares during the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PANW shares. Guggenheim reissued a “neutral” rating on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $425.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, September 8th. Evercore restated an “outperform” rating on shares of Palo Alto Networks in a report on Monday, August 31st. Susquehanna boosted their price target on shares of Palo Alto Networks from $350.00 to $415.00 and gave the company a “positive” rating in a research report on Wednesday, September 2nd. Finally, Truist Financial set a $400.00 target price on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $393.02.

Palo Alto Networks Trading Down 1.3%

Shares of PANW stock opened at $370.27 on Friday. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $432.33. The company has a 50 day moving average price of $373.10 and a 200 day moving average price of $300.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $302.88 billion, a P/E ratio of 726.03, a price-to-earnings-growth ratio of 10.79 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share. 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. Equities research analysts predict that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

Insider Transactions at Palo Alto Networks

In related news, Director John Key sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $376.03, for a total value of $940,075.00. Following the completion of the transaction, the director directly owned 10,000 shares of the company’s stock, valued at $3,760,300. This represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Aparna Bawa sold 1,000 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $373.61, for a total transaction of $373,610.00. Following the completion of the transaction, the director directly owned 5,437 shares in the company, valued at $2,031,317.57. This trade represents a 15.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 54,210 shares of company stock valued at $20,823,029 over the last ninety days. Company insiders own 1.40% of the company’s stock.

About Palo Alto Networks

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.