WASHINGTON TRUST Co Sells 3,003 Shares of Palo Alto Networks, Inc. $PANW

WASHINGTON TRUST Co decreased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 196,689 shares of the network technology company’s stock after selling 3,003 shares during the quarter. Palo Alto Networks comprises approximately 1.4% of WASHINGTON TRUST Co’s investment portfolio, making the stock its 17th largest position. WASHINGTON TRUST Co’s holdings in Palo Alto Networks were worth $40,250,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in PANW. Brighton Jones LLC raised its stake in Palo Alto Networks by 147.7% during the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after purchasing an additional 4,031 shares during the last quarter. Bison Wealth LLC raised its stake in Palo Alto Networks by 169.1% during the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after acquiring an additional 3,275 shares in the last quarter. Schechter Investment Advisors LLC increased its position in shares of Palo Alto Networks by 22.3% during the first quarter. Schechter Investment Advisors LLC now owns 2,159 shares of the network technology company’s stock worth $368,000 after buying an additional 393 shares during the period. Prevail Innovative Wealth Advisors LLC boosted its position in shares of Palo Alto Networks by 5.3% during the first quarter. Prevail Innovative Wealth Advisors LLC now owns 2,267 shares of the network technology company’s stock valued at $387,000 after buying an additional 115 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its stake in shares of Palo Alto Networks by 7.5% during the 1st quarter. Wealthfront Advisers LLC now owns 55,899 shares of the network technology company’s stock valued at $9,539,000 after purchasing an additional 3,888 shares during the period. Institutional investors own 79.82% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total value of $1,020,950.00. Following the transaction, the executive vice president owned 96,135 shares in the company, valued at $19,629,805.65. This trade represents a 4.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Lee Klarich sold 120,774 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $217.94, for a total transaction of $26,321,485.56. Following the transaction, the executive vice president owned 356,409 shares in the company, valued at $77,675,777.46. The trade was a 25.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,215,830 shares of company stock worth $249,160,428 over the last quarter. 2.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PANW shares. Tigress Financial started coverage on shares of Palo Alto Networks in a research note on Friday, September 26th. They set a “buy” rating and a $245.00 target price for the company. Westpark Capital restated a “hold” rating on shares of Palo Alto Networks in a report on Tuesday, August 19th. KeyCorp cut Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 31st. BMO Capital Markets lifted their price objective on shares of Palo Alto Networks from $217.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Finally, Wedbush reissued an “outperform” rating and issued a $225.00 price objective on shares of Palo Alto Networks in a research report on Monday, September 15th. Thirty analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.42.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock traded down $3.20 during midday trading on Thursday, reaching $206.84. 492,993 shares of the company’s stock traded hands, compared to its average volume of 6,121,818. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $223.61. The stock has a 50 day moving average of $208.61 and a 200-day moving average of $196.84. The company has a market cap of $141.47 billion, a PE ratio of 128.65, a price-to-earnings-growth ratio of 5.19 and a beta of 0.95.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.Palo Alto Networks’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the firm 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, equities analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share 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.