Dorsey & Whitney Trust CO LLC Has $3.14 Million Stock Position in Palo Alto Networks, Inc. $PANW

Key Points

• Dorsey & Whitney Trust CO LLC increased its holdings in Palo Alto Networks by 11.2%, owning 18,380 shares valued at over $3 million as of the latest SEC filing.
• In recent insider transactions, EVP Nir Zuk sold 100,000 shares totaling approximately $17.28 million, while another EVP, Dipak Golechha, sold 5,000 shares for roughly $1 million.
• Palo Alto Networks reported a quarterly earnings per share of $0.95, exceeding expectations, with a revenue of $2.54 billion, reflecting a 15.8% increase year-over-year.

Dorsey & Whitney Trust CO LLC grew its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 11.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,380 shares of the network technology company's stock after buying an additional 1,850 shares during the quarter. Dorsey & Whitney Trust CO LLC's holdings in Palo Alto Networks were worth $3,136,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PANW. Brighton Jones LLC boosted its holdings in shares of Palo Alto Networks by 147.7% in the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock worth $1,230,000 after buying an additional 4,031 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in shares of Palo Alto Networks by 115.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 43,985 shares of the network technology company's stock worth $8,004,000 after buying an additional 23,586 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Palo Alto Networks by 93.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,160,308 shares of the network technology company's stock worth $211,150,000 after buying an additional 560,973 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Palo Alto Networks by 170.5% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 890 shares of the network technology company's stock worth $162,000 after buying an additional 561 shares during the period. Finally, Transce3nd LLC acquired a new position in shares of Palo Alto Networks in the fourth quarter worth about $25,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Trading Down 0.6%

NASDAQ PANW traded down $1.11 during trading on Thursday, reaching $183.32. The company's stock had a trading volume of 8,173,137 shares, compared to its average volume of 13,798,669. The stock has a market capitalization of $122.24 billion, a PE ratio of 114.22, a PEG ratio of 4.50 and a beta of 0.94. The business has a 50-day moving average price of $190.82 and a 200-day moving average price of $186.31. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. The firm had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company's revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. As a group, analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Transactions at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of the business's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $201.85, for a total value of $1,009,250.00. Following the completion of the sale, the executive vice president directly owned 101,135 shares in the company, valued at approximately $20,414,099.75. The trade was a 4.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the sale, the executive vice president owned 3,143,516 shares of the company's stock, valued at $543,199,564.80. The trade was a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 669,248 shares of company stock valued at $126,423,337. Insiders own 2.50% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on PANW shares. Roth Capital started coverage on shares of Palo Alto Networks in a report on Thursday, May 15th. They issued a "neutral" rating and a $210.00 target price for the company. Truist Financial set a $220.00 price objective on shares of Palo Alto Networks and gave the company a "buy" rating in a research note on Tuesday. JMP Securities reiterated a "market outperform" rating and issued a $212.00 target price on shares of Palo Alto Networks in a research report on Tuesday. Guggenheim increased their target price on shares of Palo Alto Networks from $130.00 to $135.00 and gave the stock a "sell" rating in a research report on Tuesday. Finally, Stephens reiterated an "equal weight" rating and issued a $205.00 target price on shares of Palo Alto Networks in a research report on Tuesday. Twenty-eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Palo Alto Networks has an average rating of "Moderate Buy" and a consensus price target of $211.52.

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.