Trust Point Inc. Buys 894 Shares of Palo Alto Networks, Inc. $PANW

Trust Point Inc. grew its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 34.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,463 shares of the network technology company’s stock after acquiring an additional 894 shares during the quarter. Trust Point Inc.’s holdings in Palo Alto Networks were worth $709,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PANW. Brighton Jones LLC increased its stake in shares of Palo Alto Networks by 147.7% in the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after acquiring an additional 4,031 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of Palo Alto Networks by 115.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 43,985 shares of the network technology company’s stock valued at $8,004,000 after acquiring an additional 23,586 shares during the last quarter. Bison Wealth LLC increased its stake in shares of Palo Alto Networks by 169.1% in the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock valued at $948,000 after acquiring an additional 3,275 shares during the last quarter. State of Wyoming bought a new stake in shares of Palo Alto Networks in the 4th quarter valued at about $190,000. Finally, Williams Jones Wealth Management LLC. increased its stake in shares of Palo Alto Networks by 121.5% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 2,182 shares of the network technology company’s stock valued at $397,000 after acquiring an additional 1,197 shares during the last quarter. 79.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of the firm’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 transaction, the executive vice president directly owned 177,954 shares of the company’s stock, valued at approximately $34,008,788.94. This trade represents a 40.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 700 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $184.20, for a total transaction of $128,940.00. Following the completion of the transaction, the chief accounting officer directly owned 37,723 shares of the company’s stock, valued at $6,948,576.60. This represents a 1.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 568,622 shares of company stock valued at $106,468,778 over the last quarter. Insiders own 2.50% of the company’s stock.

Palo Alto Networks Stock Up 1.3%

Shares of PANW opened at $205.68 on Friday. The stock has a market capitalization of $137.58 billion, a P/E ratio of 128.15, a P/E/G ratio of 4.85 and a beta of 0.98. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $210.39. The company has a 50 day moving average of $188.19 and a 200-day moving average of $186.35.

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 the consensus estimate of $0.89 by $0.06. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the business earned $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, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PANW has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on Palo Alto Networks from $210.00 to $216.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. KeyCorp cut Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 31st. Scotiabank increased their target price on Palo Alto Networks from $225.00 to $228.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 19th. UBS Group set a $185.00 target price on Palo Alto Networks and gave the stock a “neutral” rating in a research note on Tuesday, August 12th. Finally, Guggenheim increased their target price on Palo Alto Networks from $130.00 to $135.00 and gave the stock a “sell” rating in a research note on Tuesday, August 19th. Twenty-nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Palo Alto Networks has a consensus rating of “Moderate Buy” and a consensus target price of $212.39.

Palo Alto Networks Profile

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.