First Nebraska Trust Co Acquires New Shares in Palo Alto Networks, Inc. $PANW

Key Points

• First Nebraska Trust Co. acquired 3,335 Palo Alto Networks shares in the third quarter, worth approximately $1.325 million. Institutional investors collectively own about 79.8% of the company.
• Palo Alto Networks beat quarterly estimates, reporting EPS of $1.02 versus $0.98 expected and revenue of $3.41 billion versus $3.35 billion expected; revenue grew 34.5% year over year.
• Analysts have a “Moderate Buy” consensus and an average price target of $398.55; 39 analysts rate the stock Buy and 11 rate it Hold.

First Nebraska Trust Co acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,335 shares of the network technology company's stock, valued at approximately $1,325,000.

Several other large investors have also recently bought and sold shares of PANW. Solstein Capital LLC bought a new position in shares of Palo Alto Networks during the second quarter worth $26,000. N.E.W. Advisory Services LLC acquired a new position in shares of Palo Alto Networks in the 2nd quarter valued at $27,000. Delos Wealth Advisors LLC bought a new stake in shares of Palo Alto Networks in the 2nd quarter valued at $28,000. Principia Wealth Advisory LLC increased its position in shares of Palo Alto Networks by 125.0% in the 2nd quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company's stock valued at $28,000 after buying an additional 45 shares in the last quarter. Finally, Frazier Financial Advisors LLC increased its position in shares of Palo Alto Networks by 253.3% in the 1st quarter. Frazier Financial Advisors LLC now owns 212 shares of the network technology company's stock valued at $34,000 after buying an additional 152 shares in the last quarter. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Trading Down 0.4%

PANW opened at $350.20 on Wednesday. The stock has a market capitalization of $286.73 billion, a P/E ratio of 686.68, a P/E/G ratio of 10.09 and a beta of 0.96. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $432.33. The firm's fifty day simple moving average is $372.01 and its 200 day simple moving average is $271.49.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.04. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The firm had revenue of $3.41 billion during the quarter, compared to analysts' expectations of $3.35 billion. During the same quarter in the prior year, the company earned $0.95 EPS. The company's revenue was up 34.5% on a year-over-year basis. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. As a group, research analysts anticipate that Palo Alto Networks, Inc. will post 2.32 EPS for the current fiscal year.

Insider Activity at Palo Alto Networks

In other news, Director James Goetz sold 20,000 shares of the company's stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $376.68, for a total transaction of $7,533,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Josh Paul sold 900 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $373.68, for a total value of $336,312.00. Following the transaction, the chief accounting officer owned 72,484 shares of the company's stock, valued at approximately $27,085,821.12. The trade was a 1.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 54,210 shares of company stock valued at $20,823,029 over the last ninety days. Company insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on PANW. Northland Securities set a $360.00 target price on Palo Alto Networks and gave the stock a "market perform" rating in a report on Wednesday, September 2nd. Susquehanna raised their price target on Palo Alto Networks from $350.00 to $415.00 and gave the stock a "positive" rating in a research report on Wednesday, September 2nd. Truist Financial set a $400.00 price target on Palo Alto Networks in a research report on Wednesday, September 2nd. Oppenheimer reiterated an "outperform" rating and set a $450.00 price objective (up from $400.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Finally, Benchmark boosted their price objective on Palo Alto Networks from $340.00 to $400.00 and gave the company a "buy" rating in a research report on Monday, August 24th. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $398.55.

Palo Alto Networks Profile

Palo Alto Networks, Inc NASDAQ: PANW is a global cybersecurity company that helps organizations protect networks, cloud environments, endpoints, and digital infrastructure. Its offerings are designed to prevent cyberattacks, identify security risks, monitor activity, and support incident response across enterprise, government, and service-provider environments.

The company's portfolio includes network security products such as next-generation firewalls and security operations tools; Prisma, its cloud security platform; and Cortex, a suite focused on endpoint protection, threat detection, security analytics, and automated response.

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