Palo Alto Networks, Inc. $PANW Stock Sold by Profund Advisors LLC

by · The Markets Daily

Profund Advisors LLC trimmed its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 8.0% during the third quarter, Holdings Channel reports. The firm owned 62,483 shares of the network technology company’s stock after selling 5,416 shares during the quarter. Palo Alto Networks makes up approximately 0.7% of Profund Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Profund Advisors LLC’s holdings in Palo Alto Networks were worth $24,825,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Palo Alto Networks in the 2nd quarter valued at about $25,833,462,000. State Street Corp boosted its holdings in shares of Palo Alto Networks by 4.2% in the second quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock valued at $12,610,748,000 after acquiring an additional 1,493,179 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Palo Alto Networks by 0.9% during the second quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock valued at $7,734,973,000 after purchasing an additional 205,123 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Palo Alto Networks by 8.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company’s stock valued at $2,993,802,000 after purchasing an additional 706,003 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in Palo Alto Networks in the second quarter worth $1,968,304,000. 79.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total transaction of $7,533,600.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 400 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were 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. The SEC filing for this sale provides additional information. Insiders have sold 54,210 shares of company stock worth $20,823,029 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

PANW stock opened at $365.87 on Friday. The firm has a market capitalization of $299.56 billion, a PE ratio of 717.41, a price-to-earnings-growth ratio of 10.49 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. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $432.33. The business has a 50 day simple moving average of $372.15 and a 200-day simple moving average of $269.89.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last announced its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. The company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. Palo Alto Networks’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same period in the previous year, the business 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 anticipate that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PANW. Roth Capital restated a “neutral” rating and issued a $300.00 target price (up from $210.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Citizens Jmp increased their price objective on shares of Palo Alto Networks from $320.00 to $415.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 12th. The Goldman Sachs Group restated a “buy” rating and issued a $390.00 target price (up from $371.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Loop Capital boosted their price objective on shares of Palo Alto Networks from $290.00 to $350.00 and gave the company a “hold” rating in a research note on Friday, August 21st. Finally, Royal Bank Of Canada increased their target price on Palo Alto Networks from $434.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Thirty-nine analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $398.55.

View Our Latest Analysis on PANW

Palo Alto Networks Profile

(Free Report)

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.

Further Reading

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