Palo Alto Networks, Inc. $PANW Stock: Legacy Wealth Management LLC MS Lowers Stake

Legacy Wealth Management LLC MS lowered its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 12.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,473 shares of the network technology company’s stock after selling 3,748 shares during the quarter. Palo Alto Networks accounts for 3.1% of Legacy Wealth Management LLC MS’s portfolio, making the stock its 7th largest position. Legacy Wealth Management LLC MS’s holdings in Palo Alto Networks were worth $10,518,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. B&D White Capital Company LLC bought a new stake in Palo Alto Networks during the first quarter valued at approximately $353,000. Bridgewater Advisors Inc. bought a new position in Palo Alto Networks in the second quarter worth approximately $2,159,000. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Palo Alto Networks by 1.6% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 240,029 shares of the network technology company’s stock worth $95,366,000 after acquiring an additional 3,700 shares during the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of Palo Alto Networks by 126.6% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 18,600 shares of the network technology company’s stock worth $7,390,000 after acquiring an additional 10,392 shares during the last quarter. Finally, Hamilton Wealth LLC grew its position in shares of Palo Alto Networks by 57.7% during the 1st quarter. Hamilton Wealth LLC now owns 37,869 shares of the network technology company’s stock valued at $6,071,000 after acquiring an additional 13,863 shares during the period. Institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling

In other Palo Alto Networks news, Director John Key sold 2,500 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $376.03, for a total transaction of $940,075.00. Following the completion of the transaction, the director owned 10,000 shares of the company’s stock, valued at $3,760,300. This represents a 20.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James J. Goetz sold 20,000 shares of the firm’s stock in a transaction dated 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 worth $20,823,029 in the last 90 days. 0.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PANW shares. Stifel Nicolaus set a $415.00 price objective on Palo Alto Networks and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Citizens Jmp lifted their target price on Palo Alto Networks from $320.00 to $415.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada boosted their price target on Palo Alto Networks from $434.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, September 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $425.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, September 8th. Finally, Yorkville Ives initiated coverage on Palo Alto Networks in a research report on Monday, October 5th. They set an “outperform” rating and a $500.00 price objective on the stock. Thirty-nine 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, Palo Alto Networks has an average rating of “Moderate Buy” and a consensus price target of $398.55.

Palo Alto Networks Trading Down 3.9%

Palo Alto Networks stock opened at $351.72 on Tuesday. The stock has a market cap of $287.98 billion, a P/E ratio of 689.66, a PEG ratio of 11.31 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $432.33. The firm’s 50 day moving average price is $372.02 and its 200-day moving average price is $270.70.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the prior year, the business earned $0.95 earnings per share. Palo Alto Networks’s revenue for the quarter was up 34.5% on a year-over-year basis. 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 analysts predict that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current fiscal year.

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.