Palo Alto Networks (NASDAQ:PANW) EVP Dipak Golechha Sells 27,500 Shares of Company Stock

Palo Alto Networks, Inc. (NASDAQ:PANW) EVP Dipak Golechha sold 27,500 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $391.60, for a total value of $10,769,000.00. Following the transaction, the executive vice president directly owned 117,750 shares in the company, valued at approximately $46,110,900. This trade represents a 18.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Palo Alto Networks Stock Performance

Shares of NASDAQ:PANW traded up $17.35 on Monday, hitting $392.09. The company had a trading volume of 5,988,905 shares, compared to its average volume of 8,412,000. The stock has a 50 day moving average price of $356.02 and a 200 day moving average price of $277.55. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. The stock has a market cap of $320.73 billion, a price-to-earnings ratio of 768.82, a P/E/G ratio of 10.79 and a beta of 0.91. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $398.88.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.98 by $0.04. The business 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%. Palo Alto Networks’s revenue was up 34.5% compared to the same quarter last year. During the same period in the prior year, the company 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. Analysts expect that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PANW. BlackRock Inc. purchased a new stake in shares of Palo Alto Networks in the second quarter worth $25,833,462,000. State Street Corp boosted its stake in Palo Alto Networks by 4.2% during the 2nd 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 last quarter. Bank of America Corp DE increased its holdings in shares of Palo Alto Networks by 0.9% in the 2nd 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 purchasing an additional 205,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings 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 worth $2,993,802,000 after buying an additional 706,003 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Palo Alto Networks in the fourth quarter worth approximately $1,415,364,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Analysts Set New Price Targets

PANW has been the topic of several recent analyst reports. Oppenheimer restated an “outperform” rating and set a $450.00 price objective (up from $400.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. UBS Group reaffirmed a “neutral” rating and issued a $390.00 price objective (up from $300.00) on shares of Palo Alto Networks in a research report on Wednesday, August 19th. Wedbush began coverage on Palo Alto Networks in a report on Friday, September 11th. They set an “outperform” rating and a $400.00 price objective for the company. Susquehanna boosted their price objective on Palo Alto Networks from $350.00 to $415.00 and gave the company a “positive” rating in a research note on Wednesday, September 2nd. Finally, Morgan Stanley set a $410.00 price target on shares of Palo Alto Networks and gave the company an “overweight” rating in a research report on Monday, September 21st. Thirty-eight analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $390.47.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc is a cybersecurity company that provides solutions designed to help organizations protect networks, endpoints, cloud environments, applications and users from cyber threats. Its offerings include next-generation firewalls, cloud-delivered security services, secure access service edge (SASE) solutions, endpoint protection and security operations tools.

The company also provides platforms and services for cloud security, threat intelligence, incident response, vulnerability management and the automation of security operations.