Palo Alto Networks, Inc. $PANW Stock: Fairfield Financial Advisors LTD Cuts Holdings

by · The Cerbat Gem

Fairfield Financial Advisors LTD cut its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 11.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,228 shares of the network technology company’s stock after selling 1,723 shares during the quarter. Palo Alto Networks accounts for 1.9% of Fairfield Financial Advisors LTD’s portfolio, making the stock its 14th largest position. Fairfield Financial Advisors LTD’s holdings in Palo Alto Networks were worth $5,256,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Consilium Wealth Advisory LLC boosted its position in shares of Palo Alto Networks by 2.5% in the third quarter. Consilium Wealth Advisory LLC now owns 1,117 shares of the network technology company’s stock worth $444,000 after buying an additional 27 shares during the period. ABLE Financial Group LLC acquired a new position in Palo Alto Networks during the third quarter valued at $205,000. First Citizens Bank & Trust Co. raised its position in Palo Alto Networks by 126.6% during the third quarter. First Citizens Bank & Trust Co. now owns 18,600 shares of the network technology company’s stock valued at $7,390,000 after buying an additional 10,392 shares during the period. Focus Financial Network Inc. grew its stake in Palo Alto Networks by 41.8% during the 3rd quarter. Focus Financial Network Inc. now owns 11,724 shares of the network technology company’s stock valued at $4,658,000 after acquiring an additional 3,458 shares in the last quarter. Finally, JM2 Capital Inc. lifted its position in shares of Palo Alto Networks by 2.0% in the third quarter. JM2 Capital Inc. now owns 4,632 shares of the network technology company’s stock worth $1,840,000 after purchasing an additional 91 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Palo Alto Networks

In other news, Director John Key sold 2,500 shares of Palo Alto Networks stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $376.03, for a total value of $940,075.00. Following the transaction, the director directly 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. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Josh D. Paul sold 400 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $395.70, for a total value of $158,280.00. Following the transaction, the chief accounting officer directly owned 77,987 shares of the company’s stock, valued at $30,859,455.90. This represents a 0.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 54,210 shares of company stock valued at $20,823,029. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PANW has been the subject of a number of research analyst reports. Wedbush started coverage on shares of Palo Alto Networks in a research report on Friday, September 11th. They issued an “outperform” rating and a $400.00 target price for the company. Tigress Financial boosted their price target on shares of Palo Alto Networks from $245.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Truist Financial set a $400.00 price objective on Palo Alto Networks in a report on Wednesday, September 2nd. Stifel Nicolaus set a $415.00 price objective on Palo Alto Networks and gave the company a “buy” rating in a research report on Wednesday, August 19th. Finally, Susquehanna boosted their target price 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. Thirty-eight investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $392.38.

Get Our Latest Stock Analysis on PANW

Palo Alto Networks Stock Down 4.8%

Shares of NASDAQ PANW traded down $19.18 during mid-day trading on Wednesday, reaching $377.85. 3,482,316 shares of the company traded hands, compared to its average volume of 8,179,486. The company’s fifty day moving average is $372.63 and its two-hundred day moving average is $297.62. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $432.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market cap of $309.08 billion, a PE ratio of 740.56, a price-to-earnings-growth ratio of 11.62 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last released its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter last year, the firm posted $0.95 earnings per share. The company’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. On average, analysts expect that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

About Palo Alto Networks

(Free Report)

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.

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