Cullen Frost Bankers Inc. Has $10.98 Million Holdings in Palo Alto Networks, Inc. $PANW

Cullen Frost Bankers Inc. increased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 6.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,632 shares of the network technology company's stock after buying an additional 3,030 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Palo Alto Networks were worth $10,975,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Palo Alto Networks during the 1st quarter worth $261,000. Strive Asset Management LLC raised its stake in Palo Alto Networks by 16.6% during the 1st quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company's stock worth $358,000 after buying an additional 299 shares during the period. GAMMA Investing LLC raised its stake in Palo Alto Networks by 10.8% during the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock worth $2,410,000 after buying an additional 1,374 shares during the period. Avity Investment Management Inc. raised its stake in Palo Alto Networks by 37.9% during the 2nd quarter. Avity Investment Management Inc. now owns 181,691 shares of the network technology company's stock worth $37,181,000 after buying an additional 49,971 shares during the period. Finally, Czech National Bank raised its stake in Palo Alto Networks by 6.4% during the 2nd quarter. Czech National Bank now owns 161,840 shares of the network technology company's stock worth $33,119,000 after buying an additional 9,766 shares during the period. Institutional investors and hedge funds own 79.82% of the company's stock.

Insider Buying and Selling at Palo Alto Networks

In related news, CEO Nikesh Arora sold 846,408 shares of Palo Alto Networks stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 275,013 shares in the company, valued at approximately $56,119,152.78. This trade represents a 75.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $211.92, for a total value of $25,594,426.08. Following the transaction, the executive vice president owned 149,190 shares of the company's stock, valued at $31,616,344.80. The trade was a 44.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,315,130 shares of company stock valued at $260,687,367 in the last three months. Corporate insiders own 2.50% of the company's stock.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $212.42 on Thursday. The stock has a market capitalization of $142.09 billion, a price-to-earnings ratio of 132.35, a PEG ratio of 5.10 and a beta of 0.98. The business has a 50-day moving average of $199.16 and a 200-day moving average of $191.31. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $217.94.

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 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 17.66% and a net margin of 12.30%.Palo Alto Networks's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the company 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, sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on PANW. Bank of America increased their target price on Palo Alto Networks from $215.00 to $240.00 and gave the stock a "buy" rating in a report on Monday. Tigress Financial began coverage on Palo Alto Networks in a report on Friday, September 26th. They set a "buy" rating and a $245.00 target price for the company. JMP Securities reiterated a "market outperform" rating and set a $212.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Scotiabank increased their target price on Palo Alto Networks from $225.00 to $228.00 and gave the stock a "sector outperform" rating in a report on Tuesday, August 19th. Finally, Westpark Capital reiterated a "hold" rating on shares of Palo Alto Networks in a report on Tuesday, August 19th. Thirty analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $217.22.

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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