Palo Alto Networks, Inc. $PANW Stock: Generate Investment Management Ltd Cuts Stake

by · The Markets Daily

Generate Investment Management Ltd trimmed its stake in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 98.7% during the third quarter, HoldingsChannel.com reports. The fund owned 735 shares of the network technology company’s stock after selling 58,060 shares during the quarter. Generate Investment Management Ltd’s holdings in Palo Alto Networks were worth $292,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PANW. First Citizens Bank & Trust Co. boosted its stake in shares of Palo Alto Networks by 126.6% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 18,600 shares of the network technology company’s stock valued at $7,390,000 after purchasing an additional 10,392 shares in the last quarter. Focus Financial Network Inc. lifted its holdings 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 purchasing an additional 3,458 shares during the last quarter. JM2 Capital Inc. boosted its position in 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 valued at $1,840,000 after buying an additional 91 shares in the last quarter. Salem Investment Counselors Inc. boosted its position in Palo Alto Networks by 3.5% in the third quarter. Salem Investment Counselors Inc. now owns 16,637 shares of the network technology company’s stock valued at $6,610,000 after buying an additional 564 shares in the last quarter. Finally, Signal Advisors Wealth LLC boosted its position in Palo Alto Networks by 25.1% in the third quarter. Signal Advisors Wealth LLC now owns 3,987 shares of the network technology company’s stock valued at $1,584,000 after buying an additional 799 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total transaction of $7,533,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Josh D. Paul sold 400 shares of Palo Alto Networks stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $395.70, for a total transaction of $158,280.00. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,210 shares of company stock valued at $20,823,029 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Palo Alto Networks Trading Down 4.9%

NASDAQ:PANW traded down $19.35 on Wednesday, hitting $377.68. 3,361,664 shares of the stock were exchanged, compared to its average volume of 8,178,949. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $432.33. The stock has a market capitalization of $308.94 billion, a price-to-earnings ratio of 740.78, a P/E/G ratio of 11.62 and a beta of 0.93. The company’s 50-day moving average price is $372.63 and its 200 day moving average price is $297.62.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last issued its 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. 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 earned $0.95 EPS. The company’s revenue for the quarter was up 34.5% on a year-over-year basis. 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, equities research analysts forecast that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on PANW shares. 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 note on Wednesday, September 2nd. William Blair reiterated an “outperform” rating on shares of Palo Alto Networks in a research report on Tuesday, June 16th. Piper Sandler reissued an “overweight” rating and set a $410.00 price target (up from $345.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. TD Cowen reissued a “buy” rating and issued a $440.00 price target (up from $400.00) on shares of Palo Alto Networks in a report on Friday, October 2nd. Finally, Benchmark raised their price target on shares of Palo Alto Networks from $340.00 to $400.00 and gave the company a “buy” rating in a report on Monday, August 24th. Thirty-eight research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, Palo Alto Networks presently has an average rating of “Moderate Buy” and an average target price of $392.38.

Read Our Latest Report on Palo Alto Networks

Palo Alto Networks Profile

(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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