Palo Alto Networks, Inc. $PANW is Thomasville National Bank's 7th Largest Position

Key Points

• Thomasville National Bank has reduced its holding in Palo Alto Networks by 3.8%, with the company now representing approximately 3.4% of the bank's investment portfolio.
• Palo Alto Networks reported earnings of $0.95 per share for the last quarter, surpassing analysts' expectations of $0.89, while revenues reached $2.54 billion, up 15.8% year-over-year.
• Insider selling includes a significant transaction where EVP Nir Zuk sold 100,000 shares for approximately $17.28 million, indicating a 3.08% decrease in his ownership of the stock.

Thomasville National Bank lowered its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 3.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 240,422 shares of the network technology company's stock after selling 9,486 shares during the period. Palo Alto Networks makes up approximately 3.4% of Thomasville National Bank's investment portfolio, making the stock its 7th largest position. Thomasville National Bank's holdings in Palo Alto Networks were worth $49,200,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PANW. Nuveen LLC purchased a new position in Palo Alto Networks in the 1st quarter valued at approximately $810,047,000. Kingstone Capital Partners Texas LLC purchased a new position in Palo Alto Networks in the 2nd quarter valued at approximately $633,068,000. GAMMA Investing LLC boosted its position in Palo Alto Networks by 18,802.8% in the 1st quarter. GAMMA Investing LLC now owns 2,410,290 shares of the network technology company's stock valued at $411,292,000 after buying an additional 2,397,539 shares during the period. Goldman Sachs Group Inc. boosted its position in Palo Alto Networks by 41.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company's stock valued at $1,234,650,000 after buying an additional 2,134,735 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Palo Alto Networks by 77.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company's stock valued at $662,000,000 after buying an additional 1,688,432 shares during the period. Hedge funds and other institutional investors own 79.82% of the company's stock.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $184.20, for a total transaction of $128,940.00. Following the transaction, the chief accounting officer owned 37,723 shares of the company's stock, valued at $6,948,576.60. This trade represents a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the stock in a transaction that occurred 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 approximately $34,008,788.94. This represents a 40.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 563,622 shares of company stock worth $105,459,528 over the last ninety days. 2.50% of the stock is currently owned by corporate insiders.

Palo Alto Networks Stock Down 0.0%

Shares of PANW traded down $0.01 during trading hours on Monday, reaching $208.18. 5,270,251 shares of the company traded hands, compared to its average volume of 6,405,652. The stock has a market capitalization of $139.25 billion, a PE ratio of 129.71, a price-to-earnings-growth ratio of 4.96 and a beta of 0.98. The stock has a fifty day simple moving average of $188.60 and a 200 day simple moving average of $186.59. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week 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 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.06. The business had revenue of $2.54 billion during 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 company's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. Research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PANW. Cantor Fitzgerald reissued an "overweight" rating and issued a $223.00 price target on shares of Palo Alto Networks in a research report on Friday, August 15th. Jefferies Financial Group set a $235.00 price objective on shares of Palo Alto Networks in a report on Tuesday, July 29th. Truist Financial set a $220.00 price objective on shares of Palo Alto Networks and gave the company a "buy" rating in a report on Tuesday, August 19th. Scotiabank raised their price objective on shares of Palo Alto Networks from $225.00 to $228.00 and gave the company a "sector outperform" rating in a report on Tuesday, August 19th. Finally, Stephens restated an "equal weight" rating and issued a $205.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Twenty-nine investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $212.39.

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.