3,335 Shares of Palo Alto Networks, Inc. $PANW Acquired by First Nebraska Trust Co

First Nebraska Trust Co acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,335 shares of the network technology company’s stock, valued at approximately $1,325,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Palo Alto Networks in the second quarter valued at about $25,833,462,000. State Street Corp raised its holdings in Palo Alto Networks by 4.2% during the second quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock worth $12,610,748,000 after acquiring an additional 1,493,179 shares in the last quarter. Bank of America Corp DE boosted its position in Palo Alto Networks by 0.9% during the second quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock valued at $7,734,973,000 after purchasing an additional 205,123 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Palo Alto Networks by 8.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company’s stock valued at $2,993,802,000 after purchasing an additional 706,003 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in Palo Alto Networks in the second quarter valued at approximately $1,968,304,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PANW shares. Phillip Securities lowered Palo Alto Networks from a “moderate buy” rating to a “hold” rating and boosted their price target for the stock from $320.00 to $346.00 in a research report on Monday, September 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $430.00 price objective (up from $350.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Yorkville Ives started coverage on Palo Alto Networks in a report on Monday, October 5th. They issued an “outperform” rating and a $500.00 price objective for the company. Argus reissued a “buy” rating and issued a $425.00 target price on shares of Palo Alto Networks in a research note on Thursday, September 3rd. Finally, Evercore restated an “outperform” rating on shares of Palo Alto Networks in a report on Monday, August 31st. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $398.55.

Insider Activity at Palo Alto Networks

In related news, Director James Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total transaction of $7,533,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dipak Golechha sold 27,500 shares of Palo Alto Networks stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $391.60, for a total value of $10,769,000.00. Following the sale, the executive vice president directly owned 117,750 shares of the company’s stock, valued at approximately $46,110,900. The trade was a 18.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 54,210 shares of company stock valued at $20,823,029 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.

Palo Alto Networks Stock Down 0.4%

Shares of PANW opened at $350.20 on Wednesday. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $432.33. The firm has a market cap of $286.73 billion, a P/E ratio of 686.68, a price-to-earnings-growth ratio of 10.09 and a beta of 0.96. The firm’s 50-day simple moving average is $372.01 and its 200 day simple moving average is $271.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the business posted $0.95 earnings per share. The business’s revenue for the quarter was up 34.5% compared to the same quarter last year. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. On average, analysts forecast that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current year.

About Palo Alto Networks

Palo Alto Networks, Inc (NASDAQ:PANW) is a global cybersecurity company that helps organizations protect networks, cloud environments, endpoints, and digital infrastructure. Its offerings are designed to prevent cyberattacks, identify security risks, monitor activity, and support incident response across enterprise, government, and service-provider environments.

The company’s portfolio includes network security products such as next-generation firewalls and security operations tools; Prisma, its cloud security platform; and Cortex, a suite focused on endpoint protection, threat detection, security analytics, and automated response.