21,883 Shares of Palo Alto Networks, Inc. $PANW Purchased by Cornerstone Advisors LLC

Cornerstone Advisors LLC bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,883 shares of the network technology company’s stock, valued at approximately $8,694,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. B&D White Capital Company LLC acquired a new stake in shares of Palo Alto Networks during the first quarter worth about $353,000. Bridgewater Advisors Inc. acquired a new position in Palo Alto Networks in the 2nd quarter valued at about $2,159,000. Mn Services Vermogensbeheer B.V. increased its position in Palo Alto Networks by 1.6% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 240,029 shares of the network technology company’s stock valued at $95,366,000 after acquiring an additional 3,700 shares during the period. First Citizens Bank & Trust Co. increased its position in Palo Alto Networks by 126.6% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 18,600 shares of the network technology company’s stock valued at $7,390,000 after acquiring an additional 10,392 shares during the period. Finally, St. Louis Financial Planners Asset Management LLC purchased a new stake in Palo Alto Networks during the 3rd quarter valued at approximately $1,569,000. 79.82% of the stock is owned by hedge funds and other institutional investors.

Latest Palo Alto Networks News

Investors following PANW have been watching these news items:

• Neutral Sentiment: Jefferies lowered its price target from $450 to $400 but maintained a Buy rating, leaving the analyst positive while signaling a more cautious valuation view. Jefferies analyst recommendations
• Neutral Sentiment: PANW was also noted as a holding in Jim Cramer’s Charitable Trust. This is a visibility signal, but the article provides no new company-specific operating or financial catalyst. A Jim Cramer’s Trust Stock Is Using AI to Breaks the Defenses It Helps Protect
• Negative Sentiment: A Zacks comparison favored Cloudflare over Palo Alto, citing Cloudflare’s stronger revenue-growth outlook and rising AI-security demand. This could weigh on PANW relative to peers, though it is one analyst’s comparison rather than a change to PANW’s outlook. PANW vs. NET: Which Cybersecurity Stock Should You Buy Right Now?

Palo Alto Networks Trading Down 0.1%

NASDAQ PANW opened at $322.24 on Friday. 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 stock has a market capitalization of $263.84 billion, a P/E ratio of 631.86, a P/E/G ratio of 9.25 and a beta of 0.96. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $432.33. The firm has a 50-day moving average price of $367.50 and a 200 day moving average price of $277.20.

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 for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the company earned $0.95 EPS. The firm’s revenue for the quarter 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 research analysts expect that Palo Alto Networks, Inc. will post 2.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PANW. UBS Group reaffirmed a “neutral” rating and set a $390.00 price objective (up from $300.00) on shares of Palo Alto Networks in a research report on Wednesday, August 19th. Robert W. Baird set a $420.00 target price on Palo Alto Networks and gave the company an “outperform” rating in a report on Wednesday, September 2nd. Wedbush began coverage on Palo Alto Networks in a research note on Friday, September 11th. They set an “outperform” rating and a $400.00 price target for the company. Needham & Company LLC restated a “buy” rating and set a $425.00 price target on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Finally, Mizuho set a $415.00 price target on Palo Alto Networks and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Forty investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $397.12.

Insider Buying and Selling at Palo Alto Networks

In other news, Director Aparna Bawa sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $373.61, for a total value of $373,610.00. Following the completion of the sale, the director directly owned 5,437 shares of the company’s stock, valued at $2,031,317.57. This trade represents a 15.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John P. Key sold 2,500 shares of Palo Alto Networks stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $376.03, for a total value of $940,075.00. Following the completion of the sale, the director owned 10,000 shares in the company, valued at approximately $3,760,300. This trade represents a 20.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 54,210 shares of company stock worth $20,823,029. 0.55% of the stock is currently owned by company insiders.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc. is a cybersecurity company that provides products and services to help organizations protect their networks, cloud environments, devices and applications. Its offerings include next-generation firewalls, cloud security tools, secure access services and platforms for detecting and responding to cyber threats. The company’s product portfolio includes Prisma for cloud and network security and Cortex for security operations, including threat detection and response. It also provides cybersecurity consulting and incident-response services through Unit 42.