1ST Source Bank Purchases Shares of 46,716 Palo Alto Networks, Inc. $PANW

Key Points

• 1ST Source Bank acquired 46,716 Palo Alto Networks shares worth approximately $15.9 million in the second quarter, making PANW its 17th-largest holding. Institutional investors and hedge funds collectively own 79.82% of the company.
• Palo Alto Networks reported quarterly EPS of $0.85, beating estimates by $0.06, while revenue reached $3 billion, up 31.1% year over year and above expectations.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $339.61. However, insiders sold 101,239 shares worth $27.2 million over the past quarter.

1ST Source Bank bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 46,716 shares of the network technology company's stock, valued at approximately $15,931,000. Palo Alto Networks makes up approximately 0.7% of 1ST Source Bank's investment portfolio, making the stock its 17th biggest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Lynch Asset Management Inc. purchased a new stake in shares of Palo Alto Networks during the second quarter worth about $11,782,000. SCS Capital Management LLC purchased a new stake in Palo Alto Networks during the 2nd quarter worth approximately $16,501,000. Silverlake Wealth Management LLC acquired a new position in shares of Palo Alto Networks in the 2nd quarter valued at approximately $270,000. M3 Wealth Management LLC purchased a new position in shares of Palo Alto Networks during the 2nd quarter valued at approximately $4,608,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Palo Alto Networks during the 2nd quarter valued at approximately $1,569,755,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Price Performance

PANW stock opened at $384.27 on Monday. The firm has a market cap of $313.18 billion, a PE ratio of 314.98, a P/E/G ratio of 12.89 and a beta of 0.91. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $398.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $328.02 and a 200 day simple moving average of $235.70.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.Palo Alto Networks's revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the business 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. Equities research analysts forecast that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

PANW has been the topic of a number of recent analyst reports. DA Davidson upped their target price on shares of Palo Alto Networks from $190.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, June 3rd. Stephens upped their price objective on Palo Alto Networks from $180.00 to $300.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group reaffirmed a "buy" rating and set a $330.00 target price on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Citigroup reiterated a "market outperform" rating on shares of Palo Alto Networks in a research report on Wednesday. Finally, Tigress Financial boosted their price target on Palo Alto Networks from $245.00 to $430.00 and gave the company a "buy" rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $339.61.

Insider Activity at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of the firm's stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the sale, the executive vice president directly owned 145,250 shares of the company's stock, valued at approximately $42,058,590. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John P. Key sold 7,500 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.24, for a total value of $2,094,300.00. Following the completion of the sale, the director directly owned 12,500 shares in the company, valued at $3,490,500. This trade represents a 37.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 101,239 shares of company stock worth $27,174,360 over the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Palo Alto Networks Company Profile

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.

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