Palo Alto Networks, Inc. $PANW Shares Bought by Glenview Trust Co

Key Points

• Glenview Trust increased its Palo Alto Networks stake by 30.1% in the second quarter, owning 18,649 shares valued at approximately $6.36 million. Institutional investors collectively hold 79.82% of PANW’s shares.
• Wall Street remains broadly bullish, with 40 analysts rating the stock a Buy and the average price target at $365.87; targets recently ranged as high as $475. The consensus rating is “Moderate Buy.”
• PANW shares were trading near $382.85 after a 12.8% rise, but the stock’s elevated valuation— including a P/E ratio above 300—creates sensitivity to weaker growth or guidance. Insiders have sold 38,835 shares worth $11.1 million over the past 90 days.

Glenview Trust Co lifted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 30.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,649 shares of the network technology company's stock after purchasing an additional 4,312 shares during the period. Glenview Trust Co's holdings in Palo Alto Networks were worth $6,360,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its stake 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 valued at $1,230,000 after acquiring an additional 4,031 shares in the last quarter. Bison Wealth LLC grew its stake in Palo Alto Networks by 169.1% during the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock worth $948,000 after purchasing an additional 3,275 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Palo Alto Networks by 66.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company's stock worth $713,000 after purchasing an additional 1,389 shares in the last quarter. Osterweis Capital Management Inc. increased its holdings in Palo Alto Networks by 11,100.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company's stock worth $115,000 after purchasing an additional 555 shares during the period. Finally, Main Street Financial Solutions LLC increased its holdings in Palo Alto Networks by 6.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company's stock worth $900,000 after purchasing an additional 249 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Northland Securities raised their target price on shares of Palo Alto Networks from $190.00 to $302.00 and gave the company a "market perform" rating in a report on Wednesday, June 3rd. Sanford C. Bernstein boosted their price target on shares of Palo Alto Networks from $209.00 to $253.00 and gave the stock an "outperform" rating in a report on Wednesday, June 3rd. Susquehanna reissued a "positive" rating and issued a $350.00 price objective (up from $200.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Rosenblatt Securities raised their price objective on shares of Palo Alto Networks from $275.00 to $355.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $475.00 price objective (up from $420.00) on shares of Palo Alto Networks in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $365.87.

Insider Activity

In other news, Director Helle Thorning-Schmidt sold 700 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total transaction of $242,795.00. Following the completion of the transaction, the director directly owned 5,898 shares of the company's stock, valued at approximately $2,045,721.30. This represents a 10.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James J. Goetz sold 20,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $279.90, for a total value of $5,598,000.00. Following the completion of the transaction, the director owned 20,000 shares of the company's stock, valued at $5,598,000. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 38,835 shares of company stock valued at $11,127,854 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

Key Headlines Impacting Palo Alto Networks

Here are the key news stories impacting Palo Alto Networks this week:

• Positive Sentiment: JPMorgan raised its price target for Palo Alto Networks to $384, modestly above the current trading level, while maintaining its view of the cybersecurity company. JPMorgan Chase & Co. Increases Palo Alto Networks Price Target
• Positive Sentiment: Analyst coverage remains broadly constructive: BTIG reaffirmed a “Buy” rating, and other Wall Street commentary continues to characterize PANW as a buy and a cybersecurity stock worth researching. Wall Street Analysts See Palo Alto as a Buy Benchmark Analyst Expects Palo Alto Stock to Rise
• Neutral Sentiment: Investors are focused on estimates for PANW’s fiscal fourth quarter ended July 2026, including key operating metrics beyond revenue and earnings. The upcoming results could become the next major catalyst. Palo Alto Q4 Performance Estimates
• Neutral Sentiment: Broader markets may remain sensitive to next week’s U.S. jobs report and its implications for Federal Reserve policy, which could influence high-growth technology valuations. The Week Ahead: August Jobs Report Takes Center Stage
• Negative Sentiment: Chief Accounting Officer Josh D. Paul sold 900 shares for approximately $318,000. The sale reduced his holdings by 1.21%, a relatively small transaction but a potential short-term sentiment headwind. SEC Insider Transaction Filing
• Negative Sentiment: BTIG’s $380 price target is slightly below PANW’s current level despite its Buy rating, while the stock’s very high earnings multiple leaves it vulnerable to disappointment if growth or guidance slows. BTIG Reiterates Buy Rating on Palo Alto Networks

Palo Alto Networks Trading Up 12.8%

NASDAQ:PANW opened at $382.85 on Friday. The company has a market capitalization of $312.02 billion, a PE ratio of 313.81, a P/E/G ratio of 10.72 and a beta of 0.91. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $398.88. The stock's 50 day moving average price is $342.95 and its 200 day moving average price is $247.58. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.06. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. Palo Alto Networks's quarterly revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. On average, research analysts anticipate that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

About Palo Alto Networks

Palo Alto Networks NASDAQ: PANW is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company's product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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