Palo Alto Networks, Inc. $PANW Stock: Keybank National Association OH Raises Position

Keybank National Association OH grew its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,589 shares of the network technology company’s stock after purchasing an additional 1,838 shares during the period. Keybank National Association OH’s holdings in Palo Alto Networks were worth $18,113,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PANW. BlackRock Inc. bought a new position in shares of Palo Alto Networks during the second quarter valued at $25,833,462,000. State Street Corp increased its holdings in Palo Alto Networks by 4.2% in the 2nd quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock worth $12,610,748,000 after buying an additional 1,493,179 shares in the last quarter. Bank of America Corp DE increased its holdings in Palo Alto Networks by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock worth $7,734,973,000 after buying an additional 205,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Palo Alto Networks by 8.7% in the 2nd 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 worth $2,993,802,000 after buying an additional 706,003 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Palo Alto Networks by 4.4% in the 1st quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company’s stock worth $1,036,648,000 after buying an additional 273,103 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Activity

In related news, Director James J. Goetz sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total value of $7,533,600.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Aparna Bawa sold 250 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $412.28, for a total transaction of $103,070.00. Following the completion of the transaction, the director directly owned 4,427 shares in the company, valued at approximately $1,825,163.56. The trade was a 5.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 54,210 shares of company stock worth $20,823,029. Company insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

PANW has been the topic of several research analyst reports. DA Davidson upped their target price on shares of Palo Alto Networks from $345.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Wedbush assumed coverage on shares of Palo Alto Networks in a research note on Friday, September 11th. They issued an “outperform” rating and a $400.00 price target for the company. The Goldman Sachs Group reissued a “buy” rating and set a $390.00 price objective (up from $371.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. BMO Capital Markets reissued an “outperform” rating and set a $415.00 price objective (up from $335.00) on shares of Palo Alto Networks in a report on Thursday, August 20th. Finally, Royal Bank Of Canada increased their price objective on shares of Palo Alto Networks from $434.00 to $475.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $398.55.

Palo Alto Networks Stock Up 2.5%

Palo Alto Networks stock opened at $334.47 on Thursday. The stock has a market cap of $273.85 billion, a PE ratio of 655.84, a price-to-earnings-growth ratio of 9.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $432.33. The stock has a fifty day moving average of $367.81 and a 200 day moving average of $275.82.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. The company had revenue of $3.41 billion for 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 was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 earnings per share. 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, sell-side analysts predict that Palo Alto Networks, Inc. will post 2.32 EPS for the current year.

About Palo Alto Networks

Palo Alto Networks, Inc. is a cybersecurity company that provides products and services to help organizations protect their networks, cloud environments, devices and applications. Its offerings include next-generation firewalls, cloud security tools, secure access services and platforms for detecting and responding to cyber threats. The company’s product portfolio includes Prisma for cloud and network security and Cortex for security operations, including threat detection and response. It also provides cybersecurity consulting and incident-response services through Unit 42.