2,125 Palo Alto Networks, Inc. $PANW Shares Acquired by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 52.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,196 shares of the network technology company’s stock after acquiring an additional 2,125 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Palo Alto Networks were worth $2,462,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Solstein Capital LLC acquired a new position in Palo Alto Networks during the 2nd quarter worth approximately $26,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Palo Alto Networks in the 2nd quarter valued at $27,000. Delos Wealth Advisors LLC purchased a new stake in shares of Palo Alto Networks during the 2nd quarter worth $28,000. Principia Wealth Advisory LLC lifted its position in shares of Palo Alto Networks by 125.0% during the 2nd quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock worth $28,000 after purchasing an additional 45 shares during the last quarter. Finally, Frazier Financial Advisors LLC lifted its position in shares of Palo Alto Networks by 253.3% during the 1st quarter. Frazier Financial Advisors LLC now owns 212 shares of the network technology company’s stock worth $34,000 after purchasing an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Trading Down 3.9%

Shares of PANW stock opened at $365.87 on Friday. The business’s 50 day moving average is $372.15 and its two-hundred day moving average is $269.89. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $432.33. The company has a market capitalization of $299.56 billion, a P/E ratio of 717.41, a price-to-earnings-growth ratio of 10.92 and a beta of 0.93. The company has a current ratio of 0.87, a quick 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 the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the prior year, the business earned $0.95 earnings per share. The company’s quarterly 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. Equities analysts forecast that Palo Alto Networks, Inc. will post 2.32 EPS for the current year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, Director James Goetz sold 20,000 shares of the company’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dipak Golechha sold 27,500 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president owned 117,750 shares of the company’s stock, valued at $46,110,900. This trade represents a 18.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 54,210 shares of company stock worth $20,823,029 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on PANW. Oppenheimer reissued an “outperform” rating and issued a $450.00 target price (up from $400.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. TD Cowen reaffirmed a “buy” rating and set a $440.00 price target (up from $400.00) on shares of Palo Alto Networks in a report on Friday, October 2nd. Guggenheim reaffirmed a “neutral” rating on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Citizens Jmp upped their price objective on Palo Alto Networks from $320.00 to $415.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 12th. Finally, Argus reiterated a “buy” rating and issued a $425.00 price target on shares of Palo Alto Networks in a research note on Thursday, September 3rd. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $398.55.

Palo Alto Networks Company 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.