Palo Alto Networks, Inc. $PANW Stock Bought by Investment Partners LTD.

Investment Partners LTD. lifted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 96.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,179 shares of the network technology company’s stock after purchasing an additional 1,561 shares during the quarter. Investment Partners LTD.’s holdings in Palo Alto Networks were worth $1,263,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Blue Fin Capital Inc. grew its stake in shares of Palo Alto Networks by 54.2% in the third quarter. Blue Fin Capital Inc. now owns 4,740 shares of the network technology company’s stock valued at $1,883,000 after buying an additional 1,666 shares in the last quarter. Summit Global Investments purchased a new position in Palo Alto Networks in the 3rd quarter worth about $1,671,000. MGO One Seven LLC boosted its stake in shares of Palo Alto Networks by 4.0% during the 3rd quarter. MGO One Seven LLC now owns 27,851 shares of the network technology company’s stock valued at $11,065,000 after buying an additional 1,075 shares during the period. Sagace Wealth Management LLC acquired a new position in shares of Palo Alto Networks during the 3rd quarter valued at about $274,000. Finally, Marin Bay Wealth Advisors LLC increased its position in Palo Alto Networks by 6.9% during the third quarter. Marin Bay Wealth Advisors LLC now owns 4,946 shares of the network technology company’s stock worth $1,965,000 after acquiring an additional 318 shares during the period. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Palo Alto Networks Trading Down 3.9%

Palo Alto Networks stock opened at $365.87 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $432.33. The stock has a market cap of $299.56 billion, a PE ratio of 717.41, a price-to-earnings-growth ratio of 10.49 and a beta of 0.93. The stock has a 50-day moving average of $372.15 and a two-hundred day moving average of $269.89.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.04. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The company’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same period last 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. On average, research analysts anticipate that Palo Alto Networks, Inc. will post 2.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PANW. Yorkville Ives began coverage on shares of Palo Alto Networks in a research report on Monday, October 5th. They issued an “outperform” rating and a $500.00 price target on the stock. Citizens Jmp raised their price objective on shares of Palo Alto Networks from $320.00 to $415.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 12th. Piper Sandler reissued an “overweight” rating and set a $410.00 target price (up from $345.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Morgan Stanley set a $410.00 price objective on shares of Palo Alto Networks and gave the stock an “overweight” rating in a report on Monday, September 21st. Finally, Scotiabank cut shares of Palo Alto Networks from a “sector outperform” rating to a “hold” rating in a research report on Wednesday, September 2nd. Thirty-nine analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $398.55.

Insiders Place Their Bets

In other Palo Alto Networks news, Director John Key sold 2,500 shares of Palo Alto Networks stock in a transaction 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 transaction, the director owned 10,000 shares of the company’s stock, valued at $3,760,300. The trade was a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Dipak Golechha sold 27,500 shares of the firm’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the transaction, the executive vice president owned 117,750 shares of the company’s stock, valued at approximately $46,110,900. This trade represents a 18.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 54,210 shares of company stock valued at $20,823,029. Corporate insiders own 1.40% of the company’s stock.

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.