5,367 Palo Alto Networks, Inc. $PANW Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. lowered its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,559 shares of the network technology company’s stock after selling 5,367 shares during the quarter. Palo Alto Networks accounts for about 2.8% of Telos Capital Management Inc.’s portfolio, making the stock its 3rd biggest position. Telos Capital Management Inc.’s holdings in Palo Alto Networks were worth $31,610,000 as of its most recent SEC filing.

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

Palo Alto Networks Trading Down 9.6%

PANW opened at $314.67 on Friday. The company has a fifty day moving average price of $371.68 and a two-hundred day moving average price of $272.93. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $432.33. The company has a market cap of $257.64 billion, a P/E ratio of 617.01, a price-to-earnings-growth 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 (NASDAQ:PANW) last released its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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 predict that Palo Alto Networks, Inc. will post 2.32 EPS for the current fiscal year.

Insider Transactions at Palo Alto Networks

In other news, Director Aparna Bawa sold 250 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $412.28, for a total transaction of $103,070.00. Following the transaction, the director directly owned 4,427 shares of the company’s stock, valued at $1,825,163.56. This represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Josh D. Paul sold 400 shares of the 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 completion of the transaction, the chief accounting officer owned 77,987 shares in the company, valued at approximately $30,859,455.90. This represents a 0.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 54,210 shares of company stock valued at $20,823,029. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PANW. Guggenheim reissued a “neutral” rating on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Wells Fargo & Company reissued an “overweight” rating and issued a $525.00 price objective (up from $475.00) on shares of Palo Alto Networks in a research note on Monday, October 12th. Stifel Nicolaus set a $415.00 price target on Palo Alto Networks and gave the company a “buy” rating in a research note on Wednesday, August 19th. BTIG Research boosted their price objective on shares of Palo Alto Networks from $404.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, September 28th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $450.00 target price (up from $335.00) on shares of Palo Alto Networks in a report on Friday, August 28th. Thirty-nine analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $398.55.

Palo Alto Networks 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.