2,191 Palo Alto Networks, Inc. $PANW Shares Sold by Coastline Trust Co

Coastline Trust Co cut its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,708 shares of the network technology company’s stock after selling 2,191 shares during the period. Palo Alto Networks accounts for approximately 2.5% of Coastline Trust Co’s investment portfolio, making the stock its 12th largest holding. Coastline Trust Co’s holdings in Palo Alto Networks were worth $26,901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Palo Alto Networks during the second quarter worth about $25,833,462,000. State Street Corp lifted its position in Palo Alto Networks by 4.2% in the 2nd quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock valued at $12,610,748,000 after purchasing an additional 1,493,179 shares during the last quarter. Bank of America Corp DE boosted its stake in Palo Alto Networks by 0.9% during the 2nd quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock valued at $7,734,973,000 after purchasing an additional 205,123 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Palo Alto Networks by 8.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company’s stock worth $2,993,802,000 after purchasing an additional 706,003 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Palo Alto Networks by 4.4% in the 1st quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company’s stock worth $1,036,648,000 after purchasing an additional 273,103 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Transactions at Palo Alto Networks

In related news, CAO Josh Paul sold 900 shares of Palo Alto Networks stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $373.68, for a total value of $336,312.00. Following the transaction, the chief accounting officer owned 72,484 shares of the company’s stock, valued at approximately $27,085,821.12. This trade represents a 1.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John P. Key sold 2,500 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $376.03, for a total value of $940,075.00. Following the sale, the director owned 10,000 shares in the company, valued at approximately $3,760,300. The trade was a 20.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 54,260 shares of company stock worth $20,804,474 in the last three months. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

Palo Alto Networks stock traded down $6.88 during midday trading on Thursday, hitting $390.43. The company’s stock had a trading volume of 2,425,864 shares, compared to its average volume of 8,349,759. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $404.69. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $319.37 billion, a PE ratio of 764.51, a price-to-earnings-growth ratio of 11.18 and a beta of 0.91. The stock’s 50-day moving average price is $359.05 and its 200-day moving average price is $282.33.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data 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 company had revenue of $3.41 billion for 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 revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Analysts anticipate that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PANW. Wedbush began coverage on Palo Alto Networks in a report on Friday, September 11th. They set an “outperform” rating and a $400.00 price target on the stock. BMO Capital Markets restated an “outperform” rating and issued a $415.00 target price (up from $335.00) on shares of Palo Alto Networks in a research report on Thursday, August 20th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $475.00 target price (up from $420.00) on shares of Palo Alto Networks in a research note on Monday, August 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $430.00 price target (up from $350.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $450.00 price target (up from $335.00) on shares of Palo Alto Networks in a research note on Friday, August 28th. Thirty-eight equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and a consensus price target of $390.47.

Palo Alto Networks News Roundup

Here are the key news stories impacting Palo Alto Networks this week:

• Positive Sentiment: An analyst upgrade helped drive renewed buying in PANW, reinforcing the bullish view after the company’s recent earnings beat. Palo Alto Networks Stock Jumps 4.6% Following Analyst Upgrade
• Positive Sentiment: Investors continue to respond to robust demand for cybersecurity products, particularly AI-related security solutions. Palo Alto Networks recently reported revenue growth of 34.5% year over year and exceeded quarterly EPS and revenue expectations, supporting optimism about its growth outlook. Why Is Palo Alto Up 21% Since Last Earnings Report?
• Positive Sentiment: Cooler-than-expected inflation reduced concerns about additional Federal Reserve rate hikes. Lower expected rates generally support high-growth software and cybersecurity stocks by improving the appeal of future earnings. Palo Alto Stock Rises on Cool Inflation, Easing Fed Fears
• Neutral Sentiment: Investor commentary remains broadly bullish on Palo Alto Networks and CrowdStrike as AI elevates cybersecurity in corporate technology budgets, but the comparison highlights that expectations for both companies are already high. All In On Cybersecurity: Palo Alto Networks or CrowdStrike
• Negative Sentiment: Potential headwinds include rising costs, a very elevated valuation and a GAAP loss, which could limit further gains or prompt profit-taking after the recent rally. Insider sales by directors and executives may also weigh modestly on sentiment, though the reported transactions do not by themselves indicate a change in the company’s fundamentals. PANW Stock Rises 21% in a Month: Should You Hold or Book Profits? Insider Aparna Bawa Sells Shares Insider Dipak Golechha Sells Shares

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.