Palo Alto Networks, Inc. $PANW Shares Sold by Community Trust & Investment Co.

Community Trust & Investment Co. trimmed its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 9.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,537 shares of the network technology company's stock after selling 11,840 shares during the period. Palo Alto Networks makes up about 1.4% of Community Trust & Investment Co.'s portfolio, making the stock its 19th largest holding. Community Trust & Investment Co.'s holdings in Palo Alto Networks were worth $24,257,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Palo Alto Networks by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company's stock valued at $10,712,019,000 after acquiring an additional 1,541,637 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Palo Alto Networks by 41.9% during 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 acquiring an additional 2,134,735 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Palo Alto Networks by 16.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,902,048 shares of the network technology company's stock valued at $1,177,765,000 after acquiring an additional 950,765 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Palo Alto Networks during the 1st quarter valued at $810,047,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Palo Alto Networks by 5.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,422,037 shares of the network technology company's stock valued at $754,576,000 after acquiring an additional 219,111 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $203.12 on Thursday. The company has a market capitalization of $135.87 billion, a price-to-earnings ratio of 126.55, a PEG ratio of 4.80 and a beta of 0.98. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $210.39. The company's fifty day moving average price is $187.91 and its two-hundred day moving average price is $186.20.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. The firm had revenue of $2.54 billion for 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 business's quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the business 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. As a group, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of the company's stock in a transaction dated Friday, August 1st. The shares were 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 directly owned 3,143,516 shares in the company, valued at $543,199,564.80. This represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Josh D. Paul sold 800 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $201.05, for a total transaction of $160,840.00. Following the sale, the chief accounting officer owned 42,033 shares of the company's stock, valued at $8,450,734.65. This trade represents a 1.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 569,422 shares of company stock valued at $106,629,618. Corporate insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PANW shares. Truist Financial set a $220.00 price objective on Palo Alto Networks and gave the company a "buy" rating in a research report on Tuesday, August 19th. Jefferies Financial Group set a $235.00 price objective on Palo Alto Networks in a research report on Tuesday, July 29th. Northland Securities cut their price objective on Palo Alto Networks from $210.00 to $177.00 and set a "market perform" rating for the company in a research report on Wednesday, May 21st. TD Securities reiterated a "buy" rating and set a $230.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, May 21st. Finally, Sanford C. Bernstein set a $207.00 target price on shares of Palo Alto Networks and gave the company an "outperform" rating in a research note 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 given a Sell rating to the company. According to data from MarketBeat.com, Palo Alto Networks presently has an average rating of "Moderate Buy" and an average price target of $212.39.

Palo Alto Networks Company 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.

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