Trinity Legacy Partners LLC Increases Stake in Palo Alto Networks, Inc. $PANW

Trinity Legacy Partners LLC raised its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 0.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 26,839 shares of the network technology company’s stock after acquiring an additional 94 shares during the quarter. Trinity Legacy Partners LLC’s holdings in Palo Alto Networks were worth $5,169,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Hilltop National Bank acquired a new stake in shares of Palo Alto Networks in the second quarter valued at $1,205,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Palo Alto Networks by 28.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 324,055 shares of the network technology company’s stock valued at $66,315,000 after purchasing an additional 72,559 shares during the period. Syntax Research Inc. purchased a new position in Palo Alto Networks in the second quarter valued at $2,383,000. Cornell Pochily Investment Advisors Inc. boosted its holdings in Palo Alto Networks by 5.5% in the second quarter. Cornell Pochily Investment Advisors Inc. now owns 14,370 shares of the network technology company’s stock valued at $2,941,000 after purchasing an additional 747 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in Palo Alto Networks in the second quarter valued at $261,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Trading Up 1.2%

Shares of NASDAQ:PANW opened at $209.30 on Friday. The company has a market capitalization of $140.00 billion, a PE ratio of 130.40, a P/E/G ratio of 4.92 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 firm has a 50 day simple moving average of $190.12 and a 200-day simple moving average of $188.04.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. Palo Alto Networks’s revenue for the quarter was up 15.8% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. As a group, equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Transactions at Palo Alto Networks

In related news, CEO Nikesh Arora sold 846,408 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total value 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. This represents a 75.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total transaction 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 approximately $34,008,788.94. This trade represents a 40.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,315,130 shares of company stock worth $259,351,606 over the last 90 days. Company insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PANW shares. KeyCorp cut shares of Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 31st. BMO Capital Markets boosted their price target on shares of Palo Alto Networks from $217.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Scotiabank boosted their price target on shares of Palo Alto Networks from $225.00 to $228.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 19th. Truist Financial set a $220.00 price target on shares of Palo Alto Networks and gave the stock a “buy” rating in a report on Tuesday, August 19th. Finally, Rosenblatt Securities lowered 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 report on Thursday, August 14th. Thirty investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $214.64.

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.