Plimoth Trust Co. LLC Purchases 3,196 Shares of Palo Alto Networks, Inc. $PANW

Plimoth Trust Co. LLC lifted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 16.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,599 shares of the network technology company’s stock after buying an additional 3,196 shares during the period. Plimoth Trust Co. LLC’s holdings in Palo Alto Networks were worth $3,623,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Palo Alto Networks in the 4th quarter valued at approximately $1,415,364,000. Vanguard Group Inc. boosted its position in Palo Alto Networks by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock worth $12,512,533,000 after acquiring an additional 2,659,100 shares during the last quarter. Bank of America Corp DE boosted its position in Palo Alto Networks by 11.9% during the 4th quarter. Bank of America Corp DE now owns 19,375,486 shares of the network technology company’s stock worth $3,568,964,000 after acquiring an additional 2,065,776 shares during the last quarter. Employees Provident Fund Board bought a new position in shares of Palo Alto Networks during the 4th quarter worth approximately $281,542,000. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of Palo Alto Networks during the 4th quarter worth approximately $164,968,000. 79.82% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Josh D. Paul sold 900 shares of Palo Alto Networks stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total value of $310,500.00. Following the completion of the transaction, the chief accounting officer owned 79,644 shares of the company’s stock, valued at $27,477,180. This trade represents a 1.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the completion of the transaction, the director directly owned 20,000 shares of the company’s stock, valued at approximately $5,598,000. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 102,111 shares of company stock valued at $27,204,024. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PANW shares. William Blair reissued an “outperform” rating on shares of Palo Alto Networks in a research report on Tuesday, June 16th. DA Davidson increased their target price on shares of Palo Alto Networks from $190.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Sanford C. Bernstein raised their target price on shares of Palo Alto Networks from $209.00 to $253.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Wolfe Research reiterated an “outperform” rating and issued a $320.00 price target on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Finally, Scotiabank reissued a “sector outperform” rating and set a $320.00 price target (up from $180.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $316.15.

Palo Alto Networks Price Performance

NASDAQ:PANW opened at $348.06 on Friday. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $358.10. The firm has a market capitalization of $283.67 billion, a price-to-earnings ratio of 285.30, a price-to-earnings-growth ratio of 12.92 and a beta of 0.91. 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 stock’s 50 day moving average price is $258.43 and its two-hundred day moving average price is $201.39.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating the consensus estimate 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 company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the firm posted $0.37 EPS. The firm’s revenue for the quarter 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. Equities research analysts expect that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

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.