Equitable Trust Co. Sells 82 Shares of Palo Alto Networks, Inc. $PANW

Equitable Trust Co. cut its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,576 shares of the network technology company’s stock after selling 82 shares during the period. Equitable Trust Co.’s holdings in Palo Alto Networks were worth $527,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. HWG Holdings LP bought a new stake in Palo Alto Networks during the first quarter valued at about $31,000. Dagco Inc. bought a new stake in Palo Alto Networks during the first quarter valued at about $33,000. WPG Advisers LLC bought a new stake in Palo Alto Networks during the first quarter valued at about $37,000. Strategic Investment Solutions Inc. IL boosted its holdings in Palo Alto Networks by 58.9% during the first quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock valued at $38,000 after acquiring an additional 83 shares during the period. Finally, Stonebridge Financial Group LLC boosted its holdings in Palo Alto Networks by 46.8% during the first quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company’s stock valued at $40,000 after acquiring an additional 74 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Price Performance

PANW opened at $206.70 on Thursday. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $217.94. The company’s 50 day simple moving average is $195.23 and its 200-day simple moving average is $189.80. The stock has a market capitalization of $138.26 billion, a P/E ratio of 128.79, a price-to-earnings-growth ratio of 4.93 and a beta of 0.98.

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 business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. Palo Alto Networks’s revenue was up 15.8% compared to the same quarter last year. 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, analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Activity

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction on Friday, August 1st. The shares were sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the sale, the executive vice president owned 3,143,516 shares of the company’s stock, valued at approximately $543,199,564.80. The trade was a 3.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the sale, the executive vice president directly owned 96,135 shares of the company’s stock, valued at $19,629,805.65. This represents a 4.94% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,315,130 shares of company stock worth $260,687,367. Corporate insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

PANW has been the subject of a number of research analyst reports. Rosenblatt Securities cut their price objective on shares of Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, August 14th. Barclays reissued an “overweight” rating and issued a $215.00 price target (up previously from $210.00) on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Guggenheim increased their price target on shares of Palo Alto Networks from $130.00 to $135.00 and gave the stock a “sell” rating in a research report on Tuesday, August 19th. KeyCorp lowered shares of Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 31st. Finally, UBS Group set a $245.00 price objective on shares of Palo Alto Networks in a report on Friday, September 26th. Twenty-nine 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $216.00.

Palo Alto Networks Company 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.