US Bancorp DE Has $277.83 Million Stake in Palo Alto Networks, Inc. $PANW

US Bancorp DE lifted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,364,442 shares of the network technology company’s stock after purchasing an additional 8,344 shares during the period. US Bancorp DE’s holdings in Palo Alto Networks were worth $277,828,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Klingman & Associates LLC raised its position in shares of Palo Alto Networks by 2.2% during the third quarter. Klingman & Associates LLC now owns 2,131 shares of the network technology company’s stock worth $434,000 after acquiring an additional 46 shares during the last quarter. Contravisory Investment Management Inc. raised its holdings in Palo Alto Networks by 1.8% during the 3rd quarter. Contravisory Investment Management Inc. now owns 2,742 shares of the network technology company’s stock worth $558,000 after purchasing an additional 48 shares during the last quarter. Mattern Wealth Management LLC lifted its position in Palo Alto Networks by 2.9% during the 3rd quarter. Mattern Wealth Management LLC now owns 1,692 shares of the network technology company’s stock valued at $345,000 after purchasing an additional 48 shares during the period. PTM Wealth Management LLC grew its position in shares of Palo Alto Networks by 4.0% during the 3rd quarter. PTM Wealth Management LLC now owns 1,300 shares of the network technology company’s stock worth $276,000 after buying an additional 50 shares during the period. Finally, Arlington Trust Co LLC boosted its stake in Palo Alto Networks by 4.8% in the third quarter. Arlington Trust Co LLC now owns 1,088 shares of the network technology company’s stock valued at $222,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 800 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $184.81, for a total transaction of $147,848.00. Following the sale, the chief accounting officer directly owned 46,005 shares of the company’s stock, valued at $8,502,184.05. The trade was a 1.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Lee Klarich sold 120,774 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $191.91, for a total transaction of $23,177,738.34. Following the transaction, the executive vice president owned 327,645 shares of the company’s stock, valued at approximately $62,878,351.95. This represents a 26.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 260,542 shares of company stock worth $49,910,995. Company insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

PANW stock opened at $144.84 on Thursday. The stock has a market capitalization of $118.19 billion, a P/E ratio of 80.02, a P/E/G ratio of 5.12 and a beta of 0.75. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $223.61. The business has a 50-day moving average of $176.09 and a 200-day moving average of $191.11.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, February 17th. The network technology company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.94 by $0.09. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the previous year, the business posted $0.81 EPS. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.650-3.700 EPS and its Q3 2026 guidance at 0.780-0.800 EPS. Equities analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analyst Ratings Changes

PANW has been the topic of a number of analyst reports. The Goldman Sachs Group cut their price target on Palo Alto Networks from $240.00 to $224.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Argus raised shares of Palo Alto Networks to a “strong-buy” rating in a report on Friday, February 20th. Scotiabank reaffirmed an “outperform” rating on shares of Palo Alto Networks in a research note on Wednesday, February 18th. Citizens Jmp restated a “market outperform” rating and issued a $250.00 price target on shares of Palo Alto Networks in a report on Wednesday, February 18th. Finally, Daiwa Securities Group cut their price objective on Palo Alto Networks from $212.00 to $175.00 and set an “outperform” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.62.

About Palo Alto Networks

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.