Plimoth Trust Co. LLC Boosts Position in Palo Alto Networks, Inc. $PANW

Key Points

• Plimoth Trust Co. LLC increased its stake in Palo Alto Networks, Inc. by 14.2%, holding 12,176 shares valued at approximately $2.49 million after acquiring an additional 1,511 shares in the 2nd quarter.
• Insider trading shows notable sales, including EVP Nir Zuk selling 100,000 shares valued at $17.28 million, which reduced his ownership by 3.08%.
• Research analysts have a consensus rating of "Moderate Buy" for Palo Alto Networks, with a current price target averaging $214.64, based on 30 buy ratings and 12 hold ratings.

Plimoth Trust Co. LLC raised its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 14.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,176 shares of the network technology company's stock after buying an additional 1,511 shares during the period. Plimoth Trust Co. LLC's holdings in Palo Alto Networks were worth $2,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. HWG Holdings LP purchased a new position in Palo Alto Networks during the 1st quarter worth $31,000. Dagco Inc. bought a new position in shares of Palo Alto Networks during the 1st quarter worth $33,000. Marshall & Sullivan Inc. WA bought a new position in shares of Palo Alto Networks during the 2nd quarter worth $41,000. WPG Advisers LLC purchased a new position in shares of Palo Alto Networks during the first quarter valued at $37,000. Finally, Strategic Investment Solutions Inc. IL raised its holdings in shares of Palo Alto Networks by 58.9% in the first quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock valued at $38,000 after acquiring an additional 83 shares in the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Nir Zuk sold 100,000 shares of the firm's stock in a transaction dated 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 sale, the executive vice president directly owned 3,143,516 shares in the company, valued at $543,199,564.80. This trade represents a 3.08% decrease in their position. 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 700 shares of Palo Alto Networks stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total value of $141,512.00. Following the completion of the transaction, the chief accounting officer owned 32,474 shares of the company's stock, valued at approximately $6,564,943.84. This represents a 2.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,194,356 shares of company stock valued at $235,092,941. Insiders own 2.50% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PANW shares. UBS Group set a $245.00 target price on shares of Palo Alto Networks in a report on Friday, September 26th. Piper Sandler upgraded shares of Palo Alto Networks from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $200.00 to $225.00 in a research note on Tuesday, August 12th. Needham & Company LLC reissued a "buy" rating and set a $230.00 price objective on shares of Palo Alto Networks in a report on Wednesday, September 3rd. Weiss Ratings restated a "hold (c+)" rating on shares of Palo Alto Networks in a report on Saturday, September 27th. Finally, KeyCorp downgraded Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a report on Thursday, July 31st. Thirty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $214.64.

Palo Alto Networks Trading Down 1.0%

Shares of NASDAQ:PANW opened at $207.19 on Monday. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $212.10. The business has a 50 day moving average of $190.20 and a two-hundred day moving average of $188.24. The company has a market capitalization of $138.59 billion, a PE ratio of 129.09, a PEG ratio of 4.93 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings data 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. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business had revenue of $2.54 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the company earned $0.75 EPS. The business's revenue was up 15.8% on a year-over-year basis. 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 research analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

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.

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