Palo Alto Networks, Inc. $PANW Stock Position Lowered by True Freedom Investing LLC

True Freedom Investing LLC reduced its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 34.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,131 shares of the network technology company’s stock after selling 7,476 shares during the period. True Freedom Investing LLC’s holdings in Palo Alto Networks were worth $5,614,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Solstein Capital LLC acquired a new stake in Palo Alto Networks in the 2nd quarter valued at about $26,000. N.E.W. Advisory Services LLC acquired a new position in shares of Palo Alto Networks during the 2nd quarter worth approximately $27,000. Delos Wealth Advisors LLC acquired a new position in shares of Palo Alto Networks during the 2nd quarter worth approximately $28,000. Principia Wealth Advisory LLC grew its position in shares of Palo Alto Networks by 125.0% in the second quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock valued at $28,000 after purchasing an additional 45 shares in the last quarter. Finally, Frazier Financial Advisors LLC grew its position in shares of Palo Alto Networks by 253.3% in the first quarter. Frazier Financial Advisors LLC now owns 212 shares of the network technology company’s stock valued at $34,000 after purchasing an additional 152 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PANW has been the subject of several recent research reports. Benchmark increased their price target on Palo Alto Networks from $340.00 to $400.00 and gave the company a “buy” rating in a report on Monday, August 24th. Capital One Financial boosted their price objective on Palo Alto Networks from $421.00 to $428.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. TD Cowen restated a “buy” rating and issued a $440.00 target price (up from $400.00) on shares of Palo Alto Networks in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $430.00 target price (up from $350.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $525.00 price target (up from $475.00) on shares of Palo Alto Networks in a report on Monday, October 12th. Thirty-nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average target price of $398.55.

Insiders Place Their Bets

In other news, CAO Josh Paul sold 900 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $373.68, for a total transaction of $336,312.00. Following the sale, the chief accounting officer owned 72,484 shares of the company’s stock, valued at approximately $27,085,821.12. This represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John P. Key sold 2,500 shares of the 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 sale, the director owned 10,000 shares in the company, valued at approximately $3,760,300. The trade was a 20.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 54,210 shares of company stock valued at $20,823,029. Corporate insiders own 0.55% of the company’s stock.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $365.87 on Monday. The stock has a market cap of $299.56 billion, a PE ratio of 717.41, a P/E/G ratio of 10.49 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, Inc. has a twelve month low of $139.57 and a twelve month high of $432.33. The stock has a fifty day simple moving average of $372.15 and a 200-day simple moving average of $269.89.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) 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 earnings per share. The firm’s quarterly revenue 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 analysts anticipate that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current year.

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.