Fifth Third Bancorp Has $282.03 Million Stock Position in Palo Alto Networks, Inc. $PANW

Key Points

• Fifth Third Bancorp increased its stake in Palo Alto Networks by 0.6% in Q2, holding approximately 1,378,156 shares worth $282 million, making it the 19th largest position in their portfolio.
• After a recent quarterly earnings report, Palo Alto Networks beat consensus estimates with an EPS of $0.95 and revenue of $2.54 billion, while projecting earnings guidance for FY 2026 between 3.750-3.850 EPS.
• Shares of Palo Alto Networks are currently trading around $203.25, reflecting a 2.4% decline in stock price recently, with analysts having a consensus rating of "Moderate Buy" and an average price target of $212.39.

Fifth Third Bancorp grew its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,378,156 shares of the network technology company's stock after buying an additional 7,756 shares during the quarter. Palo Alto Networks makes up approximately 1.0% of Fifth Third Bancorp's portfolio, making the stock its 19th largest position. Fifth Third Bancorp owned approximately 0.21% of Palo Alto Networks worth $282,026,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Capital A Wealth Management LLC acquired a new stake in shares of Palo Alto Networks during the fourth quarter worth approximately $29,000. HWG Holdings LP acquired a new stake in shares of Palo Alto Networks during the first quarter worth approximately $31,000. Dagco Inc. acquired a new stake in shares of Palo Alto Networks during the first quarter worth approximately $33,000. WPG Advisers LLC acquired a new stake in shares of Palo Alto Networks during the first quarter worth approximately $37,000. Finally, Strategic Investment Solutions Inc. IL boosted its holdings in shares of 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 worth $38,000 after purchasing an additional 83 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Stock Down 2.4%

Shares of NASDAQ PANW opened at $203.25 on Wednesday. The firm's 50-day simple moving average is $189.17 and its 200 day simple moving average is $186.89. The company has a market cap of $135.95 billion, a price-to-earnings ratio of 126.64, a price-to-earnings-growth ratio of 4.96 and a beta of 0.98. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The firm's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior 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, equities analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

PANW has been the subject of a number of analyst reports. Morgan Stanley lifted their target price on shares of Palo Alto Networks from $210.00 to $216.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Royal Bank Of Canada reiterated an "outperform" rating and issued a $232.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Needham & Company LLC reiterated a "buy" rating and issued a $230.00 target price on shares of Palo Alto Networks in a research note on Wednesday, September 3rd. Guggenheim lifted their target price on shares of Palo Alto Networks from $130.00 to $135.00 and gave the company a "sell" rating in a research note on Tuesday, August 19th. Finally, Truist Financial set a $220.00 target price on shares of Palo Alto Networks and gave the company a "buy" rating in a research note on Tuesday, August 19th. Twenty-nine research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Palo Alto Networks presently has a consensus rating of "Moderate Buy" and an average price target of $212.39.

Insiders Place Their Bets

In other news, CAO Josh D. Paul sold 700 shares of the company'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. This represents a 1.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total value of $23,081,119.14. Following the completion of the sale, the executive vice president directly owned 177,954 shares of the company's stock, valued at approximately $34,008,788.94. This trade represents a 40.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 563,622 shares of company stock valued at $105,459,528. 2.50% of the stock is currently owned by insiders.

Palo Alto Networks Company 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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