Zions Bancorporation National Association UT Has $8.39 Million Stock Position in Palo Alto Networks, Inc. $PANW

Zions Bancorporation National Association UT boosted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 0.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,999 shares of the network technology company’s stock after purchasing an additional 247 shares during the period. Zions Bancorporation National Association UT’s holdings in Palo Alto Networks were worth $8,390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PANW. Future Fund LLC boosted its stake in Palo Alto Networks by 119.3% in the second quarter. Future Fund LLC now owns 8,732 shares of the network technology company’s stock valued at $1,787,000 after buying an additional 4,751 shares in the last quarter. Midwest Trust Co acquired a new position in Palo Alto Networks during the second quarter worth about $16,634,000. DJE Kapital AG lifted its holdings in shares of Palo Alto Networks by 10.3% in the second quarter. DJE Kapital AG now owns 585,752 shares of the network technology company’s stock worth $118,414,000 after acquiring an additional 54,535 shares during the last quarter. Prescott Group Capital Management L.L.C. boosted its stake in shares of Palo Alto Networks by 48.2% in the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 2,330 shares of the network technology company’s stock valued at $477,000 after purchasing an additional 758 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Palo Alto Networks by 244.0% in the 2nd quarter. Acadian Asset Management LLC now owns 518,643 shares of the network technology company’s stock valued at $106,119,000 after purchasing an additional 367,862 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Insider Activity

In other news, CAO Josh D. Paul sold 700 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $219.97, for a total value of $153,979.00. Following the sale, the chief accounting officer directly owned 47,505 shares of the company’s stock, valued at approximately $10,449,674.85. This represents a 1.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Nikesh Arora sold 846,408 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the sale, the chief executive officer owned 275,013 shares of the company’s stock, valued at approximately $56,119,152.78. This trade represents a 75.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,215,830 shares of company stock worth $249,160,428 over the last quarter. Company insiders own 2.50% of the company’s stock.

Palo Alto Networks Trading Up 0.4%

Shares of PANW stock opened at $212.29 on Friday. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $223.61. The stock has a market cap of $142.00 billion, a price-to-earnings ratio of 132.27, a PEG ratio of 5.05 and a beta of 0.95. The stock has a 50-day moving average of $207.16 and a 200-day moving average of $195.99.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data 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. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. The firm’s quarterly revenue 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. Sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PANW shares. Morgan Stanley increased their price objective on shares of Palo Alto Networks from $210.00 to $216.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Citigroup reiterated an “outperform” rating on shares of Palo Alto Networks in a research note on Monday, October 27th. Sanford C. Bernstein set a $207.00 price objective on Palo Alto Networks and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Stephens reaffirmed an “equal weight” rating and issued a $205.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, BTIG Research raised Palo Alto Networks from a “neutral” rating to a “buy” rating in a research note on Monday, October 13th. Thirty equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $218.17.

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.