Webster Bank N. A. Has $219,000 Stock Holdings in Palo Alto Networks, Inc. $PANW

Webster Bank N. A. boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 11.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,069 shares of the network technology company’s stock after buying an additional 109 shares during the quarter. Webster Bank N. A.’s holdings in Palo Alto Networks were worth $219,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Paladin Wealth LLC raised its position in Palo Alto Networks by 6.8% in the 2nd quarter. Paladin Wealth LLC now owns 4,869 shares of the network technology company’s stock valued at $996,000 after buying an additional 310 shares during the last quarter. Legacy Private Trust Co. raised its position in Palo Alto Networks by 9.1% in the 2nd quarter. Legacy Private Trust Co. now owns 17,683 shares of the network technology company’s stock valued at $3,619,000 after buying an additional 1,480 shares during the last quarter. Gradient Investments LLC raised its position in Palo Alto Networks by 5.1% in the 2nd quarter. Gradient Investments LLC now owns 152,520 shares of the network technology company’s stock valued at $31,212,000 after buying an additional 7,423 shares during the last quarter. Mirabaud & Cie SA raised its position in Palo Alto Networks by 130.1% in the 2nd quarter. Mirabaud & Cie SA now owns 15,810 shares of the network technology company’s stock valued at $3,235,000 after buying an additional 8,940 shares during the last quarter. Finally, Trust Co. of Oklahoma acquired a new stake in Palo Alto Networks in the 2nd quarter valued at approximately $352,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Wall Street Analysts Forecast Growth

PANW has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on Palo Alto Networks from $210.00 to $216.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $212.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Barclays reaffirmed an “overweight” rating and set a $215.00 price target (up previously from $210.00) on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Truist Financial set a $220.00 price target on Palo Alto Networks and gave the stock a “buy” rating in a research report on Tuesday, August 19th. Finally, Piper Sandler raised Palo Alto Networks from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $200.00 to $225.00 in a research report on Tuesday, August 12th. Twenty-eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $211.68.

Insiders Place Their Bets

In other news, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the transaction, the executive vice president directly owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. The trade was a 3.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Lee Klarich sold 120,774 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total value of $23,081,119.14. Following the completion of the sale, the executive vice president owned 177,954 shares of the company’s stock, valued at $34,008,788.94. This trade represents a 40.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 569,422 shares of company stock valued at $106,629,618. 2.50% of the stock is owned by insiders.

Palo Alto Networks Trading Up 2.5%

Shares of NASDAQ PANW opened at $201.28 on Tuesday. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $210.39. The stock has a 50 day moving average of $188.03 and a 200-day moving average of $185.98. The company has a market capitalization of $134.64 billion, a P/E ratio of 125.41, a P/E/G ratio of 4.68 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the company posted $0.75 EPS. The firm’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. Analysts predict 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.