Keybank National Association OH Acquires 1,838 Shares of Palo Alto Networks, Inc. $PANW

Keybank National Association OH raised its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,589 shares of the network technology company’s stock after buying an additional 1,838 shares during the quarter. Keybank National Association OH’s holdings in Palo Alto Networks were worth $18,113,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Verus Financial Partners Inc. boosted its holdings in Palo Alto Networks by 4.3% in the third quarter. Verus Financial Partners Inc. now owns 632 shares of the network technology company’s stock valued at $251,000 after acquiring an additional 26 shares in the last quarter. Consilium Wealth Advisory LLC increased its position in Palo Alto Networks by 2.5% during the 3rd quarter. Consilium Wealth Advisory LLC now owns 1,117 shares of the network technology company’s stock valued at $444,000 after purchasing an additional 27 shares during the period. MBA Advisors LLC raised its holdings in Palo Alto Networks by 1.7% in the 3rd quarter. MBA Advisors LLC now owns 1,840 shares of the network technology company’s stock worth $731,000 after purchasing an additional 30 shares in the last quarter. Grove Bank & Trust raised its holdings in Palo Alto Networks by 7.0% in the 3rd quarter. Grove Bank & Trust now owns 472 shares of the network technology company’s stock worth $188,000 after purchasing an additional 31 shares in the last quarter. Finally, Riversedge Advisors LLC raised its holdings in Palo Alto Networks by 2.5% in the 3rd quarter. Riversedge Advisors LLC now owns 1,285 shares of the network technology company’s stock worth $511,000 after purchasing an additional 31 shares in the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Trading Up 2.5%

Shares of NASDAQ PANW opened at $334.47 on Thursday. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $432.33. The stock has a market cap of $273.85 billion, a P/E ratio of 655.84, a price-to-earnings-growth ratio of 9.36 and a beta of 0.96. The firm has a 50-day moving average of $367.81 and a 200 day moving average of $275.82. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the firm posted $0.95 earnings per share. Palo Alto Networks’s quarterly revenue was up 34.5% on a year-over-year basis. 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. As a group, sell-side analysts expect that Palo Alto Networks, Inc. will post 2.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PANW. Argus reaffirmed a “buy” rating and issued a $425.00 target price on shares of Palo Alto Networks in a research report on Thursday, September 3rd. Citizens Jmp boosted their price target on shares of Palo Alto Networks from $320.00 to $415.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 12th. BMO Capital Markets reiterated an “outperform” rating and set a $415.00 price target (up from $335.00) on shares of Palo Alto Networks in a research report on Thursday, August 20th. Deutsche Bank reissued a “buy” rating and issued a $430.00 price target (up from $350.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Finally, Truist Financial set a $400.00 price objective on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Thirty-nine analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $398.55.

Insider Transactions at Palo Alto Networks

In related news, Director John P. Key sold 2,500 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $376.03, for a total value of $940,075.00. Following the transaction, the director owned 10,000 shares in the company, valued at $3,760,300. The trade was a 20.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Josh Paul sold 900 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $373.68, for a total transaction of $336,312.00. Following the completion of the transaction, the chief accounting officer owned 72,484 shares in the company, valued at approximately $27,085,821.12. The trade was a 1.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 54,210 shares of company stock worth $20,823,029 over the last quarter. Corporate insiders own 0.55% of the company’s stock.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc. is a cybersecurity company that provides products and services to help organizations protect their networks, cloud environments, devices and applications. Its offerings include next-generation firewalls, cloud security tools, secure access services and platforms for detecting and responding to cyber threats. The company’s product portfolio includes Prisma for cloud and network security and Cortex for security operations, including threat detection and response. It also provides cybersecurity consulting and incident-response services through Unit 42.