Renasant Bank Has $1.21 Million Holdings in Palo Alto Networks, Inc. $PANW

Renasant Bank raised its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 89.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,912 shares of the network technology company’s stock after purchasing an additional 2,796 shares during the quarter. Renasant Bank’s holdings in Palo Alto Networks were worth $1,210,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PANW. Brighton Jones LLC grew its stake in shares of Palo Alto Networks by 147.7% during the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock worth $1,230,000 after acquiring an additional 4,031 shares in the last quarter. Bison Wealth LLC boosted its holdings in Palo Alto Networks by 169.1% during the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after purchasing an additional 3,275 shares during the last quarter. Schechter Investment Advisors LLC boosted its holdings in Palo Alto Networks by 22.3% during the first quarter. Schechter Investment Advisors LLC now owns 2,159 shares of the network technology company’s stock worth $368,000 after purchasing an additional 393 shares during the last quarter. CWM LLC grew its position in Palo Alto Networks by 40.8% in the first quarter. CWM LLC now owns 59,910 shares of the network technology company’s stock valued at $10,223,000 after purchasing an additional 17,347 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its stake in Palo Alto Networks by 8.3% in the 1st quarter. Bleakley Financial Group LLC now owns 14,477 shares of the network technology company’s stock valued at $2,470,000 after buying an additional 1,107 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $219.97, for a total value of $153,979.00. Following the transaction, the chief accounting officer owned 47,505 shares in the company, valued at $10,449,674.85. The trade was a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Nikesh Arora sold 846,408 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the completion of the sale, the chief executive officer owned 275,013 shares in the company, valued at approximately $56,119,152.78. The trade was a 75.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,215,830 shares of company stock worth $249,160,428. 2.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on PANW. New Street Research boosted their price target on shares of Palo Alto Networks from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Wedbush reissued an “outperform” rating and set a $225.00 price target on shares of Palo Alto Networks in a research report on Monday, September 15th. Sanford C. Bernstein set a $207.00 price target on Palo Alto Networks and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Westpark Capital reissued a “hold” rating on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Rosenblatt Securities cut their price target on shares of Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, August 14th. Thirty analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.67.

Palo Alto Networks Stock Up 0.8%

PANW stock opened at $218.27 on Wednesday. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $223.61. The business has a 50-day simple moving average of $208.24 and a 200 day simple moving average of $196.75. The company has a market cap of $149.29 billion, a PE ratio of 135.99, a price-to-earnings-growth ratio of 5.15 and a beta of 0.95.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

About Palo Alto Networks

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.