Palo Alto Networks, Inc. $PANW Shares Sold by Community Trust & Investment Co.

Community Trust & Investment Co. lessened its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 26.9% during the second quarter, HoldingsChannel reports. The fund owned 114,827 shares of the network technology company’s stock after selling 42,170 shares during the period. Palo Alto Networks comprises approximately 2.0% of Community Trust & Investment Co.’s investment portfolio, making the stock its 12th biggest holding. Community Trust & Investment Co.’s holdings in Palo Alto Networks were worth $39,158,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PANW. Darwin Wealth Management LLC purchased a new position in Palo Alto Networks in the second quarter valued at about $25,000. Knuff & Co LLC purchased a new stake in shares of Palo Alto Networks during the 4th quarter worth approximately $26,000. Steph & Co. grew its holdings in shares of Palo Alto Networks by 88.2% in the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock worth $26,000 after acquiring an additional 67 shares during the period. Sittner & Nelson LLC grew its holdings in shares of Palo Alto Networks by 73.8% in the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock worth $27,000 after acquiring an additional 62 shares during the period. Finally, WHI TRUST Co LLC purchased a new position in Palo Alto Networks in the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Up 1.2%

Shares of NASDAQ:PANW opened at $363.86 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $296.55 billion, a P/E ratio of 298.25, a P/E/G ratio of 12.06 and a beta of 0.91. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $376.98. The stock’s fifty day simple moving average is $317.88 and its 200-day simple moving average is $228.20.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the business posted $0.37 EPS. The firm’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. As a group, equities research analysts forecast that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on PANW. Jefferies Financial Group set a $335.00 target price on Palo Alto Networks and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Sanford C. Bernstein raised their price target on Palo Alto Networks from $209.00 to $253.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Tigress Financial lifted their price target on Palo Alto Networks from $245.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. FBN Securities reiterated an “outperform” rating on shares of Palo Alto Networks in a research report on Wednesday, July 1st. Finally, DA Davidson increased their price objective on shares of Palo Alto Networks from $190.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.76.

Insiders Place Their Bets

In other news, Director John P. Key sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.24, for a total value of $2,094,300.00. Following the completion of the transaction, the director owned 12,500 shares of the company’s stock, valued at $3,490,500. The trade was a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the completion of the sale, the director directly owned 20,000 shares of the company’s stock, valued at $5,598,000. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 101,239 shares of company stock valued at $27,174,360. 1.40% of the stock is currently owned by insiders.

Palo Alto Networks Company 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.