Stableford Capital II LLC Reduces Stock Position in Palo Alto Networks, Inc. $PANW

by · The Cerbat Gem

Stableford Capital II LLC cut its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 72.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,099 shares of the network technology company’s stock after selling 5,520 shares during the period. Stableford Capital II LLC’s holdings in Palo Alto Networks were worth $716,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PANW. Janney Montgomery Scott LLC grew its stake in Palo Alto Networks by 15.0% during the first quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company’s stock valued at $65,796,000 after acquiring an additional 53,485 shares in the last quarter. Aviva PLC lifted its stake in Palo Alto Networks by 5.4% in the 4th quarter. Aviva PLC now owns 568,804 shares of the network technology company’s stock worth $104,774,000 after purchasing an additional 29,230 shares in the last quarter. B&D White Capital Company LLC purchased a new stake in Palo Alto Networks in the 1st quarter worth approximately $353,000. Bridgewater Advisors Inc. bought a new position in Palo Alto Networks in the 2nd quarter valued at $2,159,000. Finally, Granite Islands Private Wealth LLC grew its position in shares of Palo Alto Networks by 43.6% during the 1st quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company’s stock valued at $2,453,000 after purchasing an additional 4,659 shares in the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PANW has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $415.00 price objective on Palo Alto Networks and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Oppenheimer restated an “outperform” rating and set a $450.00 target price (up from $400.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $430.00 price target on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Argus reiterated a “buy” rating and set a $425.00 price target on shares of Palo Alto Networks in a research report on Thursday, September 3rd. Finally, Evercore reissued an “outperform” rating on shares of Palo Alto Networks in a report on Monday, August 31st. Thirty-nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $385.67.

Get Our Latest Stock Report on Palo Alto Networks

Insider Buying and Selling

In other Palo Alto Networks news, Director Aparna Bawa sold 290 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $348.74, for a total value of $101,134.60. Following the completion of the sale, the director owned 6,437 shares of the company’s stock, valued at $2,244,839.38. This represents a 4.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Goetz sold 20,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the transaction, the director owned 20,000 shares in the company, valued at $5,598,000. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 38,258 shares of company stock worth $11,050,673 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Up 1.1%

PANW opened at $336.98 on Wednesday. The business’s fifty day simple moving average is $350.13 and its 200 day simple moving average is $257.94. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $398.88. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. The stock has a market cap of $274.64 billion, a PE ratio of 660.76, a P/E/G ratio of 9.62 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last issued its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%.The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s 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. As a group, research analysts expect that Palo Alto Networks, Inc. will post 2.3 earnings per share for the current fiscal year.

Palo Alto Networks Profile

(Free Report)

Palo Alto Networks, Inc is a cybersecurity company that provides security products and services to businesses, governments and other organizations worldwide. The company helps customers protect networks, cloud environments, endpoints, applications and connected devices from cyber threats.

Its portfolio includes next-generation firewalls and network security technologies, as well as cloud-delivered security solutions such as Prisma Access and Prisma Cloud. Palo Alto Networks also offers Cortex products for endpoint protection, security operations, threat detection and response, and automation.

See Also

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