1,721 Shares in Palo Alto Networks, Inc. $PANW Bought by Trust Co. of Oklahoma

Key Points

• Trust Co. of Oklahoma has purchased a new stake in Palo Alto Networks, acquiring 1,721 shares valued at approximately $352,000 during the second quarter.
• Insider activity shows significant stock sales, including EVP Lee Klarich selling over 120,000 shares for approximately $23 million, indicating a 40.43% decrease in their position.
• Analysts are optimistic, with multiple upgrades, including Scotiabank raising the target price from $225 to $228 and a consensus rating of "Moderate Buy" with an average target price of approximately $211.68.

Trust Co. of Oklahoma bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,721 shares of the network technology company's stock, valued at approximately $352,000.

A number of other hedge funds have also recently made changes to their positions in PANW. Connor Clark & Lunn Investment Management Ltd. bought a new position in Palo Alto Networks in the 1st quarter valued at approximately $261,000. Strive Asset Management LLC raised its stake in shares of Palo Alto Networks by 16.6% during the first quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company's stock valued at $358,000 after acquiring an additional 299 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Palo Alto Networks by 10.8% during the first quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock valued at $2,410,000 after acquiring an additional 1,374 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Palo Alto Networks by 8.0% during the first quarter. Nisa Investment Advisors LLC now owns 137,663 shares of the network technology company's stock worth $23,491,000 after purchasing an additional 10,180 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Palo Alto Networks in the first quarter worth $316,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Scotiabank raised their target price on Palo Alto Networks from $225.00 to $228.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, August 19th. Needham & Company LLC restated a "buy" rating and set a $230.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, September 3rd. Truist Financial set a $220.00 price objective on Palo Alto Networks and gave the stock a "buy" rating in a research note on Tuesday, August 19th. Bank of America upgraded Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 target price on the stock in a report on Tuesday, August 19th. Finally, DA Davidson restated a "buy" rating and set a $215.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. Twenty-eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $211.68.

Insider Activity at Palo Alto Networks

In related news, CAO Josh D. Paul sold 700 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $184.20, for a total value of $128,940.00. Following the completion of the sale, the chief accounting officer directly owned 37,723 shares of the company's stock, valued at $6,948,576.60. The trade was a 1.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $191.11, for a total value of $23,081,119.14. Following the completion of the transaction, the executive vice president owned 177,954 shares in the company, valued at approximately $34,008,788.94. The trade was a 40.43% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 569,422 shares of company stock valued at $106,629,618. 2.50% of the stock is currently owned by company insiders.

Palo Alto Networks Stock Performance

Shares of PANW opened at $196.29 on Friday. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $210.39. The business's 50 day moving average price is $188.03 and its two-hundred day moving average price is $185.91. The firm has a market cap of $131.30 billion, a PE ratio of 122.30, a price-to-earnings-growth ratio of 4.73 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping 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 company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the firm posted $0.75 EPS. The company'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. Research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS 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.

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