Union Savings Bank Invests $395,000 in Palo Alto Networks, Inc. $PANW

Union Savings Bank acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 2,144 shares of the network technology company’s stock, valued at approximately $395,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PANW. Norges Bank purchased a new position in Palo Alto Networks during the fourth quarter worth about $1,415,364,000. Vanguard Group Inc. grew its stake in shares of Palo Alto Networks by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock valued at $12,512,533,000 after buying an additional 2,659,100 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Palo Alto Networks by 11.9% in the fourth quarter. Bank of America Corp DE now owns 19,375,486 shares of the network technology company’s stock valued at $3,568,964,000 after buying an additional 2,065,776 shares in the last quarter. Employees Provident Fund Board purchased a new stake in shares of Palo Alto Networks in the 4th quarter valued at $281,542,000. Finally, Victory Capital Management Inc. increased its stake in Palo Alto Networks by 108.3% during the third quarter. Victory Capital Management Inc. now owns 2,467,692 shares of the network technology company’s stock worth $502,263,000 after purchasing an additional 1,282,738 shares during the period. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Capital One Financial upped their price objective on Palo Alto Networks from $168.00 to $248.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. Oppenheimer increased their price objective on shares of Palo Alto Networks from $275.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. TD Cowen restated a “buy” rating and issued a $330.00 price objective (up from $255.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. HSBC lifted their price objective on shares of Palo Alto Networks from $114.00 to $207.00 in a research report on Thursday, June 4th. Finally, Guggenheim downgraded shares of Palo Alto Networks from a “neutral” rating to a “reduce” rating in a research note on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $306.59.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $287.78 on Friday. The firm’s fifty day moving average price is $228.24 and its 200 day moving average price is $192.65. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $302.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $234.54 billion, a price-to-earnings ratio of 235.89, a price-to-earnings-growth ratio of 10.69 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the company earned $0.37 earnings per share. Palo Alto Networks’s quarterly revenue was up 31.1% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. On average, sell-side analysts expect that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Lee Klarich sold 62,904 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the transaction, the executive vice president owned 235,983 shares of the company’s stock, valued at $61,037,002.95. This trade represents a 21.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Josh D. Paul sold 1,100 shares of Palo Alto Networks stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $285.08, for a total value of $313,588.00. Following the completion of the transaction, the chief accounting officer owned 81,636 shares in the company, valued at $23,272,790.88. This trade represents a 1.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 101,044 shares of company stock valued at $26,022,722. 1.40% of the stock is owned by insiders.

Palo Alto Networks Profile

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.