Avalon Trust Co Buys Shares of 111,705 Palo Alto Networks, Inc. $PANW

Avalon Trust Co acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 111,705 shares of the network technology company's stock, valued at approximately $38,094,000. Palo Alto Networks comprises about 2.3% of Avalon Trust Co's investment portfolio, making the stock its 10th biggest holding.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Palo Alto Networks by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company's stock worth $12,512,533,000 after acquiring an additional 2,659,100 shares during the last quarter. State Street Corp lifted its holdings in Palo Alto Networks by 2.0% in the 4th quarter. State Street Corp now owns 30,331,705 shares of the network technology company's stock worth $5,587,100,000 after buying an additional 594,789 shares during the period. Bank of America Corp DE boosted its holdings in Palo Alto Networks by 16.0% in the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company's stock valued at $3,603,473,000 after acquiring an additional 3,101,267 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Palo Alto Networks by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company's stock valued at $2,934,935,000 after purchasing an additional 540,756 shares in the last quarter. Finally, Norges Bank bought a new stake in Palo Alto Networks during the 4th quarter valued at approximately $1,415,364,000. Hedge funds and other institutional investors own 79.82% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on PANW. Sanford C. Bernstein upped their target price on shares of Palo Alto Networks from $209.00 to $253.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 3rd. Loop Capital lifted their target price on Palo Alto Networks from $160.00 to $290.00 and gave the stock a "hold" rating in a report on Wednesday, June 3rd. Mizuho lifted their price target on shares of Palo Alto Networks from $265.00 to $305.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 3rd. Truist Financial upped their price objective on Palo Alto Networks from $275.00 to $375.00 and gave the company a "buy" rating in a research report on Wednesday, June 3rd. Finally, Robert W. Baird set a $320.00 price target on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $339.61.

Insider Activity

In other Palo Alto Networks news, Director John P. Key sold 7,500 shares of the company's stock in a transaction dated 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 transaction, the director directly owned 12,500 shares in the company, valued at $3,490,500. This represents a 37.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total value of $1,447,800.00. Following the completion of the sale, the executive vice president owned 145,250 shares of the company's stock, valued at $42,058,590. The trade was a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 101,239 shares of company stock valued at $27,174,360. 1.40% of the stock is currently owned by corporate insiders.

Palo Alto Networks Price Performance

Shares of Palo Alto Networks stock opened at $384.27 on Friday. The stock has a 50 day moving average of $328.02 and a 200 day moving average of $235.34. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $398.88. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The firm has a market cap of $313.18 billion, a PE ratio of 314.98, a PEG ratio of 12.89 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. The company had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. Palo Alto Networks's quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 earnings per share. 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. On average, research analysts expect that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

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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