Palo Alto Networks, Inc. $PANW Shares Newly Bought by NBT Bank N.A.

NBT Bank N.A. bought a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,671 shares of the network technology company’s stock, valued at approximately $13,775,000. Palo Alto Networks comprises about 0.9% of NBT Bank N.A.’s investment portfolio, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also bought and sold shares of PANW. Solstein Capital LLC purchased a new stake in shares of Palo Alto Networks during the 2nd quarter valued at about $26,000. N.E.W. Advisory Services LLC bought a new position in shares of Palo Alto Networks in the 2nd quarter worth approximately $27,000. Delos Wealth Advisors LLC bought a new position in shares of Palo Alto Networks in the 2nd quarter worth approximately $28,000. Principia Wealth Advisory LLC lifted its stake in shares of Palo Alto Networks by 125.0% in the 2nd quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock worth $28,000 after purchasing an additional 45 shares during the period. Finally, Private Wealth Management Group LLC boosted its holdings in shares of Palo Alto Networks by 148.1% in the first quarter. Private Wealth Management Group LLC now owns 201 shares of the network technology company’s stock worth $32,000 after buying an additional 120 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Stock Up 2.2%

NASDAQ PANW opened at $354.92 on Friday. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $432.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $290.32 billion, a P/E ratio of 695.94, a price-to-earnings-growth ratio of 9.99 and a beta of 0.93. The stock’s 50-day moving average price is $369.41 and its 200-day moving average price is $307.28.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. The company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The firm’s revenue was up 34.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 EPS. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. On average, equities research analysts predict that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total value of $7,533,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Aparna Bawa sold 250 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of $412.28, for a total transaction of $103,070.00. Following the completion of the sale, the director directly owned 4,427 shares of the company’s stock, valued at approximately $1,825,163.56. This trade represents a 5.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 54,210 shares of company stock worth $20,823,029 in the last 90 days. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PANW shares. Guggenheim restated a “neutral” rating on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Wells Fargo & Company reaffirmed an “overweight” rating and set a $525.00 target price (up from $475.00) on shares of Palo Alto Networks in a report on Monday, October 12th. Wedbush initiated coverage on shares of Palo Alto Networks in a research report on Friday, September 11th. They issued an “outperform” rating and a $400.00 price target on the stock. Weiss Ratings upgraded shares of Palo Alto Networks from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Evercore reissued an “outperform” rating on shares of Palo Alto Networks in a research report on Monday, August 31st. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $398.55.

Palo Alto Networks Profile

Palo Alto Networks, Inc (NASDAQ:PANW) is a global cybersecurity company that helps organizations protect networks, cloud environments, endpoints, and digital infrastructure. Its offerings are designed to prevent cyberattacks, identify security risks, monitor activity, and support incident response across enterprise, government, and service-provider environments.

The company’s portfolio includes network security products such as next-generation firewalls and security operations tools; Prisma, its cloud security platform; and Cortex, a suite focused on endpoint protection, threat detection, security analytics, and automated response.