Palo Alto Networks, Inc. $PANW Stock Sold by Tred Avon Family Wealth LLC

Tred Avon Family Wealth LLC lowered its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 11.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,050 shares of the network technology company’s stock after selling 1,468 shares during the quarter. Palo Alto Networks comprises about 1.3% of Tred Avon Family Wealth LLC’s holdings, making the stock its 14th biggest holding. Tred Avon Family Wealth LLC’s holdings in Palo Alto Networks were worth $4,390,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PANW. Eagle Wealth Advisors LLC raised its stake in Palo Alto Networks by 3.0% during the third quarter. Eagle Wealth Advisors LLC now owns 2,739 shares of the network technology company’s stock worth $1,088,000 after purchasing an additional 79 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Palo Alto Networks by 1.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 118,150 shares of the network technology company’s stock valued at $46,942,000 after buying an additional 1,587 shares during the period. CWA Asset Management Group LLC grew its stake in shares of Palo Alto Networks by 9.3% in the 3rd quarter. CWA Asset Management Group LLC now owns 10,325 shares of the network technology company’s stock valued at $4,102,000 after buying an additional 880 shares during the period. CFS Investment Advisory Services LLC purchased a new stake in shares of Palo Alto Networks in the 3rd quarter valued at approximately $248,000. Finally, Retirement Planning Group LLC acquired a new stake in shares of Palo Alto Networks during the 3rd quarter worth approximately $212,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Stock Up 1.4%

NASDAQ:PANW opened at $346.95 on Tuesday. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $432.33. The stock’s fifty day moving average is $371.90 and its two-hundred day moving average is $303.36. The stock has a market capitalization of $283.81 billion, a price-to-earnings ratio of 680.31, a price-to-earnings-growth ratio of 9.84 and a beta of 0.93. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06.

Palo Alto Networks (NASDAQ:PANW) last issued 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. The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The company’s revenue was up 34.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 earnings per share. 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. Research analysts anticipate that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 900 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $373.68, for a total transaction of $336,312.00. Following the sale, the chief accounting officer directly owned 72,484 shares in the company, valued at $27,085,821.12. This represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John 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 transaction of $940,075.00. Following the sale, the director owned 10,000 shares in the company, valued at $3,760,300. This trade represents a 20.00% decrease in their ownership of the stock. 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 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on PANW. JPMorgan Chase & Co. lifted their price target on shares of Palo Alto Networks from $326.00 to $384.00 and gave the company an “overweight” rating in a research report on Tuesday, August 25th. BMO Capital Markets reiterated an “outperform” rating and issued a $415.00 price objective (up from $335.00) on shares of Palo Alto Networks in a report on Thursday, August 20th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $425.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, September 8th. Arete Research raised their target price on Palo Alto Networks from $185.00 to $433.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, Morgan Stanley set a $410.00 target price on Palo Alto Networks and gave the company an “overweight” rating in a research report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Palo Alto Networks has an average rating of “Moderate Buy” and an average price target 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.