112,290 Palo Alto Networks, Inc. $PANW Shares Sold by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. trimmed its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 65.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 58,631 shares of the network technology company’s stock after selling 112,290 shares during the quarter. Palo Alto Networks accounts for 1.1% of Quintet Private Bank Europe S.A.’s investment portfolio, making the stock its 25th largest holding. Quintet Private Bank Europe S.A.’s holdings in Palo Alto Networks were worth $23,295,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PANW. Solstein Capital LLC purchased a new stake in Palo Alto Networks in the 2nd quarter worth about $26,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Palo Alto Networks in the second quarter worth approximately $27,000. Delos Wealth Advisors LLC purchased a new stake in shares of Palo Alto Networks in the second quarter worth approximately $28,000. Principia Wealth Advisory LLC lifted its stake in shares of Palo Alto Networks by 125.0% during the 2nd quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock worth $28,000 after acquiring an additional 45 shares during the last quarter. Finally, Private Wealth Management Group LLC boosted its holdings in Palo Alto Networks by 148.1% during the 1st quarter. Private Wealth Management Group LLC now owns 201 shares of the network technology company’s stock valued at $32,000 after acquiring an additional 120 shares during the period. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PANW. Citigroup lowered shares of Palo Alto Networks from a “buy” rating to a “neutral” rating in a research note on Monday, September 7th. Sanford C. Bernstein downgraded shares of Palo Alto Networks from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $253.00 to $351.00 in a research note on Thursday, September 17th. Argus reiterated a “buy” rating and set a $425.00 price objective on shares of Palo Alto Networks in a report on Thursday, September 3rd. The Goldman Sachs Group reissued a “buy” rating and issued a $390.00 price objective (up from $371.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Finally, Capital One Financial upped their target price on shares of Palo Alto Networks from $421.00 to $428.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. Thirty-eight equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average price target of $391.32.

Palo Alto Networks Stock Down 1.3%

NASDAQ:PANW traded down $5.44 during mid-day trading on Thursday, reaching $400.13. The company’s stock had a trading volume of 1,596,948 shares, compared to its average volume of 8,253,771. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $327.30 billion, a PE ratio of 785.81, a price-to-earnings-growth ratio of 12.09 and a beta of 0.93. The stock has a fifty day moving average of $367.69 and a 200-day moving average of $290.71. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $432.33.

Palo Alto Networks (NASDAQ:PANW) last announced 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 during the quarter, compared to analysts’ expectations 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 was up 34.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 EPS. 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 research analysts forecast that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Insiders Place Their Bets

In other Palo Alto Networks news, Director Aparna Bawa sold 1,000 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $373.61, for a total value of $373,610.00. Following the completion of the transaction, the director directly owned 5,437 shares in the company, valued at approximately $2,031,317.57. The trade was a 15.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Dipak Golechha sold 27,500 shares of the 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 sale, the executive vice president directly owned 117,750 shares of the company’s stock, valued at approximately $46,110,900. The trade was a 18.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 53,960 shares of company stock worth $20,719,959. Insiders own 1.40% of the company’s stock.

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.