Palo Alto Networks, Inc. $PANW Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,356,098 shares of the network technology company’s stock after selling 73,421 shares during the period. US Bancorp DE’s holdings in Palo Alto Networks were worth $277,512,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. HWG Holdings LP acquired a new position in shares of Palo Alto Networks in the 1st quarter valued at about $31,000. Dagco Inc. acquired a new position in shares of Palo Alto Networks in the 1st quarter valued at about $33,000. WPG Advisers LLC acquired a new position in shares of Palo Alto Networks in the 1st quarter valued at about $37,000. Strategic Investment Solutions Inc. IL boosted its holdings in shares of Palo Alto Networks by 58.9% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock valued at $38,000 after buying an additional 83 shares during the period. Finally, Stonebridge Financial Group LLC boosted its stake in Palo Alto Networks by 46.8% during the 1st quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company’s stock valued at $40,000 after purchasing an additional 74 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Trading Up 3.2%

Shares of NASDAQ:PANW opened at $217.79 on Thursday. The company has a 50 day moving average of $191.40 and a 200-day moving average of $188.81. The firm has a market cap of $145.68 billion, a P/E ratio of 135.69, a P/E/G ratio of 5.02 and a beta of 0.98. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $217.94.

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. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business posted $0.75 EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Equities research analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Josh D. Paul sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total value of $141,512.00. Following the sale, the chief accounting officer directly owned 32,474 shares in the company, valued at $6,564,943.84. The trade was a 2.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Nikesh Arora sold 846,408 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was 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 $56,119,152.78. The trade was a 75.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,315,130 shares of company stock worth $260,687,367. Company insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PANW shares. UBS Group set a $245.00 target price on shares of Palo Alto Networks in a research note on Friday, September 26th. Rosenblatt Securities reduced their target price 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. Guggenheim boosted their target price on shares of Palo Alto Networks from $130.00 to $135.00 and gave the company a “sell” rating in a research note on Tuesday, August 19th. Sanford C. Bernstein set a $207.00 target price on shares of Palo Alto Networks and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Finally, New Street Research boosted their target price on shares of Palo Alto Networks from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Twenty-eight equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average target price of $214.95.

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.