OLD National Bancorp IN Has $4.04 Million Stock Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• OLD National Bancorp IN increased its stake in Palo Alto Networks by 16.1% in the 2nd quarter, now holding shares valued at approximately $4.04 million.
• Institutional investors own about 79.82% of Palo Alto Networks stock, indicating strong institutional interest in the company.
• Palo Alto Networks reported earnings of $0.95 per share, exceeding expectations, with revenue of $2.54 billion for the quarter, a 15.8% increase compared to the same period last year.

OLD National Bancorp IN grew its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 16.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,722 shares of the network technology company's stock after purchasing an additional 2,729 shares during the period. OLD National Bancorp IN's holdings in Palo Alto Networks were worth $4,036,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PANW. MBL Wealth LLC raised its holdings in Palo Alto Networks by 18.5% during the 2nd quarter. MBL Wealth LLC now owns 1,863 shares of the network technology company's stock worth $381,000 after buying an additional 291 shares during the period. Realta Investment Advisors increased its position in shares of Palo Alto Networks by 4.4% in the second quarter. Realta Investment Advisors now owns 5,266 shares of the network technology company's stock worth $1,078,000 after acquiring an additional 222 shares in the last quarter. Hill Island Financial LLC raised its holdings in shares of Palo Alto Networks by 17.0% during the second quarter. Hill Island Financial LLC now owns 1,404 shares of the network technology company's stock valued at $287,000 after acquiring an additional 204 shares during the period. Ergawealth Advisors Inc. purchased a new stake in shares of Palo Alto Networks in the 2nd quarter valued at approximately $202,000. Finally, Boston Common Asset Management LLC boosted its stake in Palo Alto Networks by 27.1% in the 2nd quarter. Boston Common Asset Management LLC now owns 38,117 shares of the network technology company's stock worth $7,800,000 after purchasing an additional 8,127 shares during the period. Hedge funds and other institutional investors own 79.82% of the company's stock.

Insider Buying and Selling

In other news, EVP Nir Zuk sold 100,000 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $172.80, for a total value of $17,280,000.00. Following the sale, the executive vice president owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the transaction, the executive vice president directly owned 177,954 shares in the company, valued at $34,008,788.94. This trade represents a 40.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,194,356 shares of company stock valued at $235,092,941 in the last ninety days. Company insiders own 2.50% of the company's stock.

Palo Alto Networks Price Performance

PANW stock opened at $207.19 on Monday. The stock has a market capitalization of $138.59 billion, a price-to-earnings ratio of 129.09, a price-to-earnings-growth ratio of 4.93 and a beta of 0.98. The company has a 50-day moving average of $190.20 and a two-hundred day moving average of $188.24. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $212.10.

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

Analysts Set New Price Targets

Several brokerages have issued reports on PANW. Barclays reissued an "overweight" rating and set a $215.00 target price (up from $210.00) on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Piper Sandler raised Palo Alto Networks from a "neutral" rating to an "overweight" rating and upped their price target for the company from $200.00 to $225.00 in a research report on Tuesday, August 12th. Jefferies Financial Group set a $235.00 price objective on Palo Alto Networks in a research report on Tuesday, July 29th. Morgan Stanley upped their target price on Palo Alto Networks from $210.00 to $216.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Finally, Stephens restated an "equal weight" rating and set a $205.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. Thirty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $214.64.

About Palo Alto Networks

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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