Palo Alto Networks, Inc. $PANW Shares Sold by Kercheville Advisors LLC

Kercheville Advisors LLC cut its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 53.1% during the third quarter, HoldingsChannel.com reports. The firm owned 1,500 shares of the network technology company’s stock after selling 1,700 shares during the period. Kercheville Advisors LLC’s holdings in Palo Alto Networks were worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Solstein Capital LLC acquired a new stake in Palo Alto Networks during the second quarter worth $26,000. N.E.W. Advisory Services LLC bought a new stake in Palo Alto Networks in the 2nd quarter valued at $27,000. Delos Wealth Advisors LLC bought a new stake in Palo Alto Networks in the 2nd quarter valued at $28,000. Principia Wealth Advisory LLC raised its stake in shares of Palo Alto Networks by 125.0% in the 2nd quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock valued at $28,000 after buying an additional 45 shares in the last quarter. Finally, EMC Capital Management acquired a new position in shares of Palo Alto Networks in the 2nd quarter valued at $34,000. 79.82% of the stock is currently owned by institutional investors.

Insider Activity at Palo Alto Networks

In other news, Director James Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total value of $7,533,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the executive vice president directly owned 117,750 shares in the company, valued at $46,110,900. The trade was a 18.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 54,210 shares of company stock valued at $20,823,029. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

Shares of PANW traded up $4.95 during trading hours on Monday, hitting $346.95. The stock had a trading volume of 4,595,061 shares, compared to its average volume of 8,170,998. The stock has a market capitalization of $283.81 billion, a price-to-earnings ratio of 680.31, a P/E/G ratio of 9.84 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87. The company’s fifty day moving average is $371.90 and its two-hundred day moving average is $303.36. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week 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 (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.04. The firm had revenue of $3.41 billion during 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 firm’s quarterly revenue was up 34.5% on a year-over-year basis. During the same period last year, the firm posted $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. On average, analysts anticipate that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Wall Street Analyst Weigh In

PANW has been the topic of several recent research reports. Citizens Jmp lifted their target price on shares of Palo Alto Networks from $320.00 to $415.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 12th. Citigroup reissued a “buy” rating and issued a $440.00 price target (up from $410.00) on shares of Palo Alto Networks in a research report on Thursday. Loop Capital increased their price target on shares of Palo Alto Networks from $290.00 to $350.00 and gave the stock a “hold” rating in a research report on Friday, August 21st. Susquehanna raised their price target on shares of Palo Alto Networks from $350.00 to $415.00 and gave the stock a “positive” rating in a research note on Wednesday, September 2nd. Finally, Royal Bank Of Canada lifted their price objective on Palo Alto Networks from $434.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $395.25.

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.