Palo Alto Networks, Inc. $PANW Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 5.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 165,023 shares of the network technology company’s stock after buying an additional 8,148 shares during the quarter. Kestra Advisory Services LLC’s holdings in Palo Alto Networks were worth $65,565,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in PANW. REAP Financial Group LLC lifted its stake in shares of Palo Alto Networks by 15.4% during the 3rd quarter. REAP Financial Group LLC now owns 458 shares of the network technology company’s stock worth $182,000 after buying an additional 61 shares during the last quarter. QTR Family Wealth LLC grew its position in shares of Palo Alto Networks by 17.0% during the 3rd quarter. QTR Family Wealth LLC now owns 834 shares of the network technology company’s stock worth $331,000 after purchasing an additional 121 shares in the last quarter. Platform Technology Partners grew its position in shares of Palo Alto Networks by 9.7% during the 3rd quarter. Platform Technology Partners now owns 812 shares of the network technology company’s stock worth $323,000 after purchasing an additional 72 shares in the last quarter. Wealth Dimensions Group Ltd. increased its holdings in shares of Palo Alto Networks by 2.5% during the third quarter. Wealth Dimensions Group Ltd. now owns 1,334 shares of the network technology company’s stock worth $530,000 after purchasing an additional 33 shares during the period. Finally, Pathway Financial Advisers LLC bought a new position in shares of Palo Alto Networks during the third quarter worth approximately $86,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $314.67 on Friday. The firm has a 50 day moving average of $371.68 and a 200-day moving average of $272.93. The stock has a market capitalization of $257.64 billion, a PE ratio of 617.01, a PEG ratio of 9.98 and a beta of 0.96. 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, Inc. has a 12 month low of $139.57 and a 12 month high of $432.33.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.04. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The firm’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter last year, the business posted $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. On average, equities research analysts predict that Palo Alto Networks, Inc. will post 2.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PANW has been the subject of a number of analyst reports. Benchmark lifted their price target on shares of Palo Alto Networks from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Susquehanna increased their price target on Palo Alto Networks from $350.00 to $415.00 and gave the stock a “positive” rating in a research report on Wednesday, September 2nd. The Goldman Sachs Group restated a “buy” rating and set a $390.00 price objective (up from $371.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. raised their price objective on Palo Alto Networks from $326.00 to $384.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $430.00 price objective (up from $350.00) 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. According to data from MarketBeat.com, Palo Alto Networks has a consensus rating of “Moderate Buy” and a consensus price target of $398.55.

Insider Activity

In other news, CAO Josh D. Paul sold 400 shares of Palo Alto Networks stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $395.70, for a total value of $158,280.00. Following the transaction, the chief accounting officer owned 77,987 shares in the company, valued at approximately $30,859,455.90. This trade represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dipak Golechha sold 27,500 shares of the business’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $391.60, for a total value of $10,769,000.00. Following the transaction, the executive vice president directly 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. Over the last ninety days, insiders sold 54,210 shares of company stock valued at $20,823,029. Corporate insiders own 1.40% of the company’s stock.

About Palo Alto Networks

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.