Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) – Research analysts at DA Davidson cut their FY2025 earnings per share (EPS) estimates for Palo Alto Networks in a report released on Tuesday, December 17th. DA Davidson analyst R. Kessinger now expects that the network technology company will post earnings of $1.74 per share for the year, down from their prior estimate of $1.75. The consensus estimate for Palo Alto Networks’ current full-year earnings is $3.49 per share.
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last announced its earnings results on Wednesday, November 20th. The network technology company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. Palo Alto Networks had a net margin of 32.99% and a return on equity of 23.36%. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the business posted $0.32 earnings per share. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year.
Palo Alto Networks Stock Up 0.3 %
NASDAQ PANW opened at $189.36 on Friday. Palo Alto Networks has a fifty-two week low of $130.04 and a fifty-two week high of $207.24. The business has a fifty day moving average of $191.89 and a 200-day moving average of $175.31. The stock has a market cap of $124.26 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 5.75 and a beta of 1.12.
Hedge Funds Weigh In On Palo Alto Networks
Hedge funds and other institutional investors have recently modified their holdings of the stock. Legacy Wealth Management LLC MS raised its stake in Palo Alto Networks by 0.7% during the 3rd quarter. Legacy Wealth Management LLC MS now owns 24,982 shares of the network technology company’s stock valued at $8,539,000 after purchasing an additional 182 shares during the period. FFG Partners LLC raised its position in Palo Alto Networks by 1.2% during the third quarter. FFG Partners LLC now owns 17,359 shares of the network technology company’s stock valued at $5,933,000 after buying an additional 201 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in Palo Alto Networks in the 3rd quarter worth about $9,390,000. Boulder Wealth Advisors LLC acquired a new position in shares of Palo Alto Networks in the 3rd quarter valued at about $214,000. Finally, Capasso Planning Partners LLC acquired a new stake in shares of Palo Alto Networks during the third quarter worth approximately $219,000. Institutional investors and hedge funds own 79.82% of the company’s stock.
Insider Buying and Selling at Palo Alto Networks
In other news, CEO Nikesh Arora sold 163,172 shares of Palo Alto Networks stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $184.00, for a total value of $30,022,832.14. Following the transaction, the chief executive officer now owns 1,237,430 shares of the company’s stock, valued at $227,680,932.85. The trade was a 11.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Nir Zuk sold 336,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $193.70, for a total transaction of $65,081,520.00. Following the sale, the executive vice president now owns 3,643,516 shares of the company’s stock, valued at $705,730,831.62. The trade was a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 571,172 shares of company stock valued at $107,074,352. Company insiders own 2.50% of the company’s stock.
Palo Alto Networks Company Profile
Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.
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