City Holding Co. Increases Stake in Palo Alto Networks, Inc. $PANW

Key Points

• City Holding Co. increased its stake in Palo Alto Networks, Inc. by 29.9% during Q2, now owning 19,945 shares valued at approximately $4.08 million.
• Palo Alto Networks reported $0.95 EPS for the last quarter, exceeding analyst expectations, and had a revenue of $2.54 billion, up 15.8% year-over-year.
• Currently, 79.82% of Palo Alto’s stock is held by institutional investors, with a strong consensus rating of "Moderate Buy" among analysts and an average target price of $214.64.

City Holding Co. grew its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 29.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,945 shares of the network technology company's stock after purchasing an additional 4,590 shares during the quarter. City Holding Co.'s holdings in Palo Alto Networks were worth $4,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of PANW. HWG Holdings LP bought a new position in shares of Palo Alto Networks during the first quarter worth $31,000. Dagco Inc. bought a new position in Palo Alto Networks during the first quarter valued at $33,000. Marshall & Sullivan Inc. WA bought a new position in Palo Alto Networks during the second quarter valued at $41,000. WPG Advisers LLC bought a new position in Palo Alto Networks during the first quarter valued at $37,000. Finally, Strategic Investment Solutions Inc. IL lifted its position 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 purchasing an additional 83 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Stock Up 0.1%

PANW stock opened at $202.37 on Friday. The firm has a 50 day moving average of $189.58 and a 200 day moving average of $187.40. The stock has a market capitalization of $135.37 billion, a PE ratio of 126.09, a price-to-earnings-growth ratio of 4.82 and a beta of 0.98. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its earnings results 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. The company had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. Palo Alto Networks's revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the business earned $0.75 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction that occurred on Thursday, August 21st. The shares were 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 in the company, valued at $6,948,576.60. This trade represents a 1.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the sale, the executive vice president owned 177,954 shares of the company's stock, valued at approximately $34,008,788.94. The trade was a 40.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,415,030 shares of company stock worth $279,198,494 over the last ninety days. Company insiders own 2.50% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on PANW. KeyCorp lowered shares of Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 31st. New Street Research raised their price target on shares of Palo Alto Networks from $235.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Morgan Stanley raised their price target on shares of Palo Alto Networks from $210.00 to $216.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. JMP Securities reaffirmed a "market outperform" rating and issued a $212.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Barclays reaffirmed an "overweight" rating and issued a $215.00 price target (up previously from $210.00) on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Thirty equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $214.64.

Palo Alto Networks 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.

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