Ramsay Stattman Vela & Price Inc. Cuts Stock Holdings in Palo Alto Networks, Inc. $PANW

Ramsay Stattman Vela & Price Inc. lessened its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 6.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 26,975 shares of the network technology company’s stock after selling 1,995 shares during the quarter. Palo Alto Networks accounts for approximately 1.6% of Ramsay Stattman Vela & Price Inc.’s portfolio, making the stock its 25th biggest position. Ramsay Stattman Vela & Price Inc.’s holdings in Palo Alto Networks were worth $9,199,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of Palo Alto Networks by 147.7% during the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock worth $1,230,000 after purchasing an additional 4,031 shares in the last quarter. Bison Wealth LLC increased its position in Palo Alto Networks by 169.1% during the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after buying an additional 3,275 shares during the period. Sivia Capital Partners LLC boosted its holdings in shares of Palo Alto Networks by 66.3% in the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock valued at $713,000 after acquiring an additional 1,389 shares during the period. Osterweis Capital Management Inc. grew its position in shares of Palo Alto Networks by 11,100.0% during the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company’s stock worth $115,000 after acquiring an additional 555 shares during the last quarter. Finally, Main Street Financial Solutions LLC increased its holdings in shares of Palo Alto Networks by 6.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company’s stock valued at $900,000 after acquiring an additional 249 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on PANW shares. New Street Research set a $415.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 18th. William Blair reiterated an “outperform” rating on shares of Palo Alto Networks in a research note on Tuesday, June 16th. HSBC raised their price target on Palo Alto Networks from $114.00 to $207.00 in a report on Thursday, June 4th. Truist Financial set a $400.00 price objective on Palo Alto Networks in a research note on Wednesday, September 2nd. 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 research note on Friday, August 28th. Thirty-nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $385.67.

Insider Activity

In other news, Director James Goetz sold 20,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $279.90, for a total value of $5,598,000.00. Following the completion of the sale, the director owned 20,000 shares of the company’s stock, valued at approximately $5,598,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Josh Paul sold 900 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total value of $310,500.00. Following the sale, the chief accounting officer owned 79,644 shares in the company, valued at $27,477,180. The trade was a 1.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,635 shares of company stock worth $11,150,578 over the last ninety days. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

Shares of PANW traded up $3.72 on Tuesday, reaching $336.98. The stock had a trading volume of 6,122,994 shares, compared to its average volume of 8,561,149. The firm has a 50-day moving average of $350.13 and a 200 day moving average of $257.94. The firm has a market capitalization of $274.64 billion, a PE ratio of 660.76, a PEG ratio of 9.62 and a beta of 0.91. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $398.88. The company has a quick ratio of 0.86, 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 results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.98 by $0.04. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. Palo Alto Networks’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Sell-side analysts expect that Palo Alto Networks, Inc. will post 2.3 EPS for the current year.

About Palo Alto Networks

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.