Citizens Business Bank Has $5.35 Million Stock Holdings in Palo Alto Networks, Inc. $PANW

Citizens Business Bank increased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,154 shares of the network technology company’s stock after buying an additional 982 shares during the period. Citizens Business Bank’s holdings in Palo Alto Networks were worth $5,352,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. HWG Holdings LP acquired a new position in shares of Palo Alto Networks in the 1st quarter worth approximately $31,000. Dagco Inc. acquired a new position in shares of Palo Alto Networks in the 1st quarter worth approximately $33,000. WPG Advisers LLC acquired a new position in shares of Palo Alto Networks in the 1st quarter worth approximately $37,000. Strategic Investment Solutions Inc. IL lifted its position in shares of Palo Alto Networks by 58.9% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock worth $38,000 after purchasing an additional 83 shares during the period. Finally, Stonebridge Financial Group LLC lifted its position in shares of Palo Alto Networks by 46.8% in the 1st quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company’s stock worth $40,000 after purchasing an additional 74 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PANW. BTIG Research upgraded shares of Palo Alto Networks from a “neutral” rating to a “buy” rating in a research report on Monday. Truist Financial set a $220.00 price target on shares of Palo Alto Networks and gave the stock a “buy” rating in a research report on Tuesday, August 19th. BMO Capital Markets boosted their price target on shares of Palo Alto Networks from $217.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Westpark Capital restated a “hold” rating on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Finally, Stephens reiterated an “equal weight” rating and set a $205.00 target price on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Thirty investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.60.

Palo Alto Networks Stock Up 1.2%

Palo Alto Networks stock opened at $207.89 on Friday. The company has a market capitalization of $139.06 billion, a PE ratio of 129.53, a PEG ratio of 4.89 and a beta of 0.98. The firm’s fifty day moving average is $196.80 and its 200 day moving average is $190.29. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $217.94.

Palo Alto Networks (NASDAQ:PANW) 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. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. Palo Alto Networks’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 846,408 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the completion of the sale, the chief executive officer owned 275,013 shares in the company, valued at approximately $56,119,152.78. The trade was a 75.48% decrease in their position. The sale 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 business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the sale, the executive vice president owned 96,135 shares of the company’s stock, valued at $19,629,805.65. This trade represents a 4.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,315,130 shares of company stock worth $260,687,367 in the last ninety days. 2.50% of the stock is currently owned by corporate insiders.

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.