Town & Country Bank & Trust CO dba First Bankers Trust CO Invests $354,000 in Palo Alto Networks, Inc. $PANW

Key Points

• Town & Country Bank & Trust CO invested approximately $354,000 in Palo Alto Networks, Inc. (NASDAQ:PANW) by purchasing 1,732 shares during the second quarter.
• Institutional investors and hedge funds collectively own 79.82% of the company's stock, indicating strong institutional interest in Palo Alto Networks.
• Analysts have set a consensus price target of $212.39 on Palo Alto Networks' shares, with the majority of analysts rating it as a "Moderate Buy."

Town & Country Bank & Trust CO dba First Bankers Trust CO bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,732 shares of the network technology company's stock, valued at approximately $354,000.

Other hedge funds have also added to or reduced their stakes in the company. Bank of Stockton boosted its stake in Palo Alto Networks by 4.2% in the 2nd quarter. Bank of Stockton now owns 3,790 shares of the network technology company's stock valued at $776,000 after purchasing an additional 152 shares during the period. Bfsg LLC lifted its holdings in shares of Palo Alto Networks by 5.2% during the second quarter. Bfsg LLC now owns 19,711 shares of the network technology company's stock worth $4,034,000 after buying an additional 975 shares in the last quarter. Golden State Equity Partners boosted its position in shares of Palo Alto Networks by 14.4% in the second quarter. Golden State Equity Partners now owns 4,923 shares of the network technology company's stock valued at $1,007,000 after acquiring an additional 620 shares during the period. CRA Financial Services LLC grew its stake in shares of Palo Alto Networks by 7.6% in the second quarter. CRA Financial Services LLC now owns 7,965 shares of the network technology company's stock valued at $1,630,000 after acquiring an additional 565 shares in the last quarter. Finally, IronOak Wealth LLC. acquired a new position in shares of Palo Alto Networks in the second quarter valued at about $1,780,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Truist Financial set a $220.00 price objective on shares of Palo Alto Networks and gave the stock a "buy" rating in a research note on Tuesday, August 19th. Guggenheim lifted their price target on shares of Palo Alto Networks from $130.00 to $135.00 and gave the company a "sell" rating in a research report on Tuesday, August 19th. KeyCorp cut Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a research note on Thursday, July 31st. UBS Group set a $185.00 price target on Palo Alto Networks and gave the stock a "neutral" rating in a research report on Tuesday, August 12th. Finally, Barclays restated an "overweight" rating and set a $215.00 price objective (up previously from $210.00) on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Twenty-nine research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $212.39.

Insiders Place Their Bets

In other news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction 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 in the company, valued at approximately $6,948,576.60. The trade was a 1.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the business's stock in a transaction 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 completion of the sale, 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 have sold 563,622 shares of company stock valued at $105,459,528 in the last ninety days. 2.50% of the stock is currently owned by insiders.

Palo Alto Networks Stock Down 0.0%

Shares of PANW opened at $208.18 on Tuesday. The stock has a market cap of $139.25 billion, a PE ratio of 129.71, a PEG ratio of 4.96 and a beta of 0.98. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $210.39. The business has a 50-day simple moving average of $188.95 and a two-hundred day simple moving average of $186.78.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the firm posted $0.75 earnings per share. The business's revenue for the quarter 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. On average, equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

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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