Stock Yards Bank & Trust Co. Purchases 16,230 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Stock Yards Bank & Trust increased its stake in Palo Alto Networks by 8.3% in the first quarter, buying 16,230 additional shares and bringing its total holdings to 211,951 shares worth about $33.98 million.
• Palo Alto Networks reported strong quarterly results, with EPS of $0.85 versus $0.79 expected and revenue of $3.0 billion versus $2.94 billion expected. Revenue rose 31.1% year over year, and the company also issued FY2026 guidance above current expectations.
• Wall Street sentiment remains bullish, with multiple firms raising price targets and the consensus rating sitting at Moderate Buy with a target price of $316.15. At the same time, several insiders sold shares, though insider ownership remains relatively low at 1.40%.

Stock Yards Bank & Trust Co. raised its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 8.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 211,951 shares of the network technology company's stock after buying an additional 16,230 shares during the quarter. Stock Yards Bank & Trust Co.'s holdings in Palo Alto Networks were worth $33,980,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new stake in Palo Alto Networks in the 2nd quarter worth about $25,000. Knuff & Co LLC bought a new stake in Palo Alto Networks in the 4th quarter valued at about $26,000. Steph & Co. lifted its holdings in Palo Alto Networks by 88.2% during the fourth quarter. Steph & Co. now owns 143 shares of the network technology company's stock valued at $26,000 after purchasing an additional 67 shares during the last quarter. Sittner & Nelson LLC lifted its holdings in Palo Alto Networks by 73.8% during the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company's stock valued at $27,000 after purchasing an additional 62 shares during the last quarter. Finally, Winch Advisory Services LLC boosted its position in Palo Alto Networks by 96.1% during the third quarter. Winch Advisory Services LLC now owns 149 shares of the network technology company's stock worth $30,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 79.82% of the company's stock.

Insider Activity

In other news, CAO Josh D. Paul sold 1,100 shares of the company's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $285.08, for a total value of $313,588.00. Following the transaction, the chief accounting officer owned 81,636 shares of the company's stock, valued at approximately $23,272,790.88. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the completion of the sale, the executive vice president owned 145,250 shares in the company, valued at $42,058,590. This trade represents a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 102,111 shares of company stock worth $27,204,024. Company insiders own 1.40% of the company's stock.

Palo Alto Networks Price Performance

PANW stock opened at $352.04 on Thursday. The firm has a 50 day moving average of $251.63 and a 200-day moving average of $199.26. The firm has a market capitalization of $286.91 billion, a P/E ratio of 288.56, a price-to-earnings-growth ratio of 12.66 and a beta of 0.91. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $358.10. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the firm posted $0.37 EPS. Palo Alto Networks's revenue was up 31.1% on a year-over-year basis. 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. As a group, sell-side analysts predict that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PANW shares. Arete Research boosted their price target on shares of Palo Alto Networks from $185.00 to $433.00 and gave the company a "buy" rating in a research report on Monday. HSBC raised their price objective on shares of Palo Alto Networks from $114.00 to $207.00 in a report on Thursday, June 4th. Sanford C. Bernstein lifted their price objective on shares of Palo Alto Networks from $209.00 to $253.00 and gave the company an "outperform" rating in a research note on Wednesday, June 3rd. Barclays reissued an "overweight" rating and set a $315.00 target price (up from $220.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Palo Alto Networks in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $316.15.

Key Headlines Impacting Palo Alto Networks

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

• Positive Sentiment: Wells Fargo raised its price target on Palo Alto Networks to $420 from $325 and kept an overweight rating, signaling further upside potential. Wells Fargo target raise
• Positive Sentiment: BNP Paribas Exane lifted its target to $380 from $330 and reiterated an outperform rating, adding to the bullish analyst tone around PANW. BNP Paribas Exane target raise
• Positive Sentiment: BTIG Research also raised its target to $380 from $333 and maintained a buy rating, reinforcing expectations for continued share-price strength. BTIG target raise
• Positive Sentiment: Recent coverage highlighted PANW’s strong fiscal Q3 results, with revenue and ARR beats and growing demand tied to AI-driven cybersecurity and observability, which has helped keep sentiment constructive. Yahoo Finance article
• Neutral Sentiment: Several insiders sold small blocks of stock, including CAO Josh D. Paul and Director Aparna Bawa. While routine, insider selling can modestly temper enthusiasm for the stock. SEC filing

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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