3,342 Shares in Palo Alto Networks, Inc. $PANW Acquired by First Nebraska Trust Co

First Nebraska Trust Co bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,342 shares of the network technology company’s stock, valued at approximately $1,140,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Palo Alto Networks in the 2nd quarter valued at $25,833,462,000. Norges Bank acquired a new stake in shares of Palo Alto Networks during the 4th quarter worth about $1,415,364,000. Bank of New York Mellon Corp acquired a new position in Palo Alto Networks in the second quarter valued at about $1,569,755,000. Deutsche Bank AG purchased a new position in Palo Alto Networks during the second quarter worth about $1,481,236,000. Finally, Bank of America Corp DE increased its position in shares of Palo Alto Networks by 16.0% during the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock valued at $3,603,473,000 after acquiring an additional 3,101,267 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on PANW. Rosenblatt Securities upped their price objective on shares of Palo Alto Networks from $275.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Barclays reiterated an “overweight” rating and issued a $370.00 target price (up from $315.00) on shares of Palo Alto Networks in a report on Wednesday, August 5th. Susquehanna reissued a “positive” rating and issued a $350.00 target price (up from $200.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Jefferies Financial Group set a $335.00 price target on Palo Alto Networks and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Palo Alto Networks from $220.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus price target of $362.67.

Insiders Place Their Bets

In related news, CAO Josh D. Paul sold 900 shares of Palo Alto Networks stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total value of $310,500.00. Following the completion of the transaction, the chief accounting officer directly owned 79,644 shares in the company, valued at approximately $27,477,180. This trade represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Helle Thorning-Schmidt sold 700 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total value of $242,795.00. Following the transaction, the director directly owned 5,898 shares of the company’s stock, valued at $2,045,721.30. The trade was a 10.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 37,935 shares of company stock valued at $10,809,461. 1.40% of the stock is owned by company insiders.

Palo Alto Networks Price Performance

Shares of PANW opened at $358.04 on Friday. The company has a market cap of $291.80 billion, a P/E ratio of 293.48, a PEG ratio of 12.02 and a beta of 0.91. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $398.88. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average price is $337.38 and its 200 day moving average price is $241.72.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.79 by $0.06. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm’s revenue was up 31.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. On average, research analysts forecast that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

About Palo Alto Networks

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.