Legacy Private Trust Co. Has $3.62 Million Stock Position in Palo Alto Networks, Inc. $PANW

Key Points

• Legacy Private Trust Co. increased its stake in Palo Alto Networks by 9.1%, acquiring an additional 1,480 shares in the second quarter, bringing its total to 17,683 shares valued at $3,619,000.
• Palo Alto Networks reported earnings of $0.95 EPS for the last quarter, surpassing analysts' expectations and indicating a 15.8% increase in revenue compared to the previous year.
• Currently, 79.82% of Palo Alto Networks stock is owned by institutional investors, reflecting a strong interest in the company's performance and growth potential.

Legacy Private Trust Co. increased its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 9.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,683 shares of the network technology company's stock after buying an additional 1,480 shares during the period. Legacy Private Trust Co.'s holdings in Palo Alto Networks were worth $3,619,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Palo Alto Networks in the first quarter worth $261,000. Strive Asset Management LLC increased 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 valued at $358,000 after buying an additional 299 shares during the period. GAMMA Investing LLC increased 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 valued at $2,410,000 after buying an additional 1,374 shares during the period. Nisa Investment Advisors LLC increased its stake in Palo Alto Networks by 8.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 137,663 shares of the network technology company's stock valued at $23,491,000 after buying an additional 10,180 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Palo Alto Networks during the 1st quarter valued at about $316,000. Institutional investors and hedge funds own 79.82% of the company's stock.

Insider Activity

In related news, EVP Dipak Golechha sold 5,000 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the transaction, the executive vice president owned 101,135 shares in the company, valued at $20,414,099.75. This represents a 4.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $23,081,119.14. Following the transaction, the executive vice president owned 177,954 shares in the company, 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 have sold a total of 569,422 shares of company stock worth $106,629,618 over the last 90 days. 2.50% of the stock is currently owned by company insiders.

Palo Alto Networks Stock Up 2.5%

Shares of NASDAQ:PANW traded up $4.99 during trading on Monday, reaching $201.28. The stock had a trading volume of 5,938,445 shares, compared to its average volume of 7,732,182. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $210.39. The firm has a market capitalization of $134.64 billion, a price-to-earnings ratio of 125.41, a P/E/G ratio of 4.68 and a beta of 0.98. The stock has a fifty day simple moving average of $188.03 and a two-hundred day simple moving average of $185.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Palo Alto Networks's revenue was up 15.8% compared to the same quarter last year. 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, analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group set a $235.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, July 29th. KeyCorp cut shares of Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. decreased their price target on shares of Palo Alto Networks from $225.00 to $221.00 and set an "overweight" rating for the company in a report on Wednesday, May 21st. TD Securities restated a "buy" rating and set a $230.00 price target on shares of Palo Alto Networks in a report on Wednesday, May 21st. Finally, Barclays restated an "overweight" rating and set a $215.00 price target (up from $210.00) on shares of Palo Alto Networks in a report on Tuesday, August 19th. Twenty-eight investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $211.68.

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.