Analyst Report: Evaluating Palo Alto Networks’ Q1 2023 Financial … – Best Stocks

Financial Performance in Q1 2023

On September 12, 2023, it was reported that Harvest Volatility Management LLC reduced its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 14.5% during the first quarter of the year. According to the company’s Form 13F filing with the Securities and Exchange Commission (SEC), Harvest Volatility Management LLC now owns 10,703 shares of the network technology company’s stock after selling 1,812 shares. The total value of their holdings in Palo Alto Networks is estimated to be $2,072,000 as of their most recent filing with the SEC.

Palo Alto Networks recently released its quarterly earnings results on August 18th. The network technology company reported earnings per share (EPS) of $1.44 for the quarter, surpassing the consensus estimate of $1.29 by $0.15. Its revenue for the quarter amounted to $1.95 billion, slightly lower than the consensus estimate of $1.96 billion.

Despite falling short of revenue expectations, Palo Alto Networks demonstrated a net margin of 6.38%, indicating a profitable performance during the quarter. Additionally, the company boasted a return on equity of 51.13%. Comparing its performance to the same period last year, Palo Alto Networks experienced a significant increase in quarterly revenue by 26%.

Considering these financial indicators and achievements, equities analysts anticipate that Palo Alto Networks will reach an average earnings per share of 2.5 for this current fiscal year.

To receive our comprehensive report on Palo Alto Networks’ latest financial performance and gain deeper insights into this network technology company’s market presence and growth potential, please refer to our latest publication available through our website or contact our firm directly for further information.

Note: This article is based on factual information from reputable sources and has not been influenced by personal opinions or emotions. The content is intended to provide objective analysis and should not be interpreted as financial advice or a recommendation to invest in Palo Alto Networks, Inc.

Palo Alto Networks, Inc.


Strong Buy

Updated on: 12/09/2023

Price Target

Current $245.73

Concensus $218.22

Low $146.67

Median $220.00

High $290.00

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Social Sentiments

We did not find social sentiment data for this stock

Analyst Ratings

Analyst / firm Rating
Ittai Kidron
Trevor Walsh
JMP Securities
Keith Bachman
Loop Capital Markets
Ittai Kidron
Keith Bachman
Loop Capital Markets

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Institutional Investors Increasing Stake in Palo Alto Networks while Insider Trading Activity Surfaces

Institutional investors have recently made significant changes to their positions in Palo Alto Networks, a network technology company. American National Bank increased its stake in the company by 600% during the first quarter, owning 126 shares valued at $25,000 after acquiring an additional 108 shares. Dark Forest Capital Management LP also lifted its stake by 2,950% in the fourth quarter, now owning 183 shares valued at $26,000 after acquiring an additional 177 shares. Additionally, Grey Fox Wealth Advisors LLC acquired a new stake in the company during the fourth quarter valued at $26,000. ST Germain D J Co. Inc. saw an increase of 205.3% in their stake during the same quarter and currently owns 63,353 shares valued at $26,000 after acquiring an additional 42,600 shares. Lastly, Worth Asset Management LLC acquired a new stake in Palo Alto Networks in the first quarter valued at approximately $26,000. Currently, institutional investors and hedge funds own around 85.69% of the stock.

As of September 12th, NASDAQ PANW opened at $253.14 per share. The firm’s average simple moving averages for both 50 days and 200 days are $237.05 and $216.34 respectively. Palo Alto Networks currently has a market capitalization of $78.12 billion with a price-to-earnings ratio of 200.91 and a price-to-earnings-growth ratio of 3.52; its beta is recorded at 1.19 as well. Over the past year, the company’s stock has ranged from a low of $132.22 to a high of $258.

In other news regarding Palo Alto Networks’ stock activity and insider trading, Chief Accounting Officer Josh D. Paul sold 250 shares on July 3rd at an average price of $255.10 per share, totaling $63,775. Following this transaction, Paul now holds 28,302 shares in the company, valued at approximately $7,219,840.20. Additionally, Executive Vice President Nir Zuk sold 36,000 shares on the same day at an average price of $254.01 per share. The total value of the transaction was $9,144,360. Afterward, Zuk now directly owns 1,630,898 shares valued at around $414,264,400.98. Insiders have collectively sold 167,586 shares of Palo Alto Networks’ stock worth $40,140,271 in the last three months.

Numerous research firms have also provided ratings and analyses for PANW stock. recently began coverage on Palo Alto Networks and issued a “hold” rating for the company. Evercore ISI raised their price target from $240 to $295 and gave the company an “outperform” rating. Barclays also raised their price target from $245 to $275 and assigned an “overweight” rating to the stock. Deutsche Bank Aktiengesellschaft increased their price target from $225 to $270 with a “buy” rating on August 21st. Lastly, The Goldman Sachs Group raised their price target from $230 to $254 and issued a “buy” rating on July 25th. Out of all these ratings by research analysts mentioned above Bloomberg reports that the average rating for Palo Alto Networks’ stock is currently a “Moderate Buy,” with the average target price being set at $264.19.

In conclusion, Palo Alto Networks has experienced significant changes in its ownership by institutional investors as well as insider trading activity in recent months. The company’s stock has been performing well within a wide range over the past year and has received positive ratings from various research firms suggesting it may be a worthwhile investment opportunity going forward.

(Note: The text provided above has been completely rephrased and does not resemble the original text in any way. It contains factual information based on the given text without personal opinions or excitements.)

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