Palo Alto Networks, Inc. $PANW Shares Sold by UMB Bank n.a.

Key Points

• UMB Bank n.a. reduced its stake in Palo Alto Networks, Inc. by 3.8%, selling 3,749 shares during the second quarter, leaving them with 93,872 shares worth approximately $19.21 million.
• Insider transactions have occurred, including EVP Nir Zuk selling 100,000 shares for $17.28 million, resulting in a 3.08% decrease in his ownership stake.
• Palo Alto Networks reported a quarterly revenue of $2.54 billion, beating expectations and showing a 15.8% year-over-year growth with earnings per share of $0.95.

UMB Bank n.a. lowered its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 3.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,872 shares of the network technology company's stock after selling 3,749 shares during the quarter. UMB Bank n.a.'s holdings in Palo Alto Networks were worth $19,210,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Marshall & Sullivan Inc. WA acquired a new stake in shares of Palo Alto Networks during the second quarter worth $41,000. Pinnacle Bancorp Inc. lifted its position in shares of Palo Alto Networks by 7.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 2,427 shares of the network technology company's stock worth $497,000 after buying an additional 177 shares in the last quarter. Shelton Wealth Management LLC lifted its holdings in shares of Palo Alto Networks by 99.1% during the 2nd quarter. Shelton Wealth Management LLC now owns 2,539 shares of the network technology company's stock worth $520,000 after acquiring an additional 1,264 shares during the last quarter. My Legacy Advisors LLC purchased a new position in shares of Palo Alto Networks during the second quarter valued at about $346,000. Finally, AA Financial Advisors LLC bought a new position in Palo Alto Networks during the second quarter valued at approximately $202,000. 79.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Josh D. Paul sold 700 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $184.20, for a total value of $128,940.00. Following the completion of the sale, the chief accounting officer owned 37,723 shares in the company, valued at approximately $6,948,576.60. This trade represents a 1.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the business's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the transaction, the executive vice president directly owned 101,135 shares in the company, valued at approximately $20,414,099.75. The trade was a 4.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 568,622 shares of company stock valued at $106,468,778. 2.50% of the stock is owned by insiders.

Palo Alto Networks Trading Up 1.2%

Shares of NASDAQ PANW traded up $2.51 during mid-day trading on Friday, reaching $208.19. 8,643,982 shares of the company's stock were exchanged, compared to its average volume of 5,548,172. The firm has a market capitalization of $139.26 billion, a price-to-earnings ratio of 129.71, a PEG ratio of 4.96 and a beta of 0.98. The business has a fifty day simple moving average of $188.60 and a 200 day simple moving average of $186.53. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share 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 company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the company earned $0.75 earnings per share. The company'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. Equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

PANW has been the subject of several research reports. Jefferies Financial Group set a $235.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, July 29th. Truist Financial set a $220.00 target price on Palo Alto Networks and gave the company a "buy" rating in a research report on Tuesday, August 19th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $223.00 price target on shares of Palo Alto Networks in a research report on Friday, August 15th. Rosenblatt Securities cut their target price on Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating for the company in a research report on Thursday, August 14th. Finally, Morgan Stanley upped their target price on Palo Alto Networks from $210.00 to $216.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Twenty-nine research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Palo Alto Networks has a consensus 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.