Cornell Pochily Investment Advisors Inc. Has $2.94 Million Stake in Palo Alto Networks, Inc. $PANW

Cornell Pochily Investment Advisors Inc. boosted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 5.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 14,370 shares of the network technology company’s stock after purchasing an additional 747 shares during the period. Palo Alto Networks accounts for approximately 1.0% of Cornell Pochily Investment Advisors Inc.’s portfolio, making the stock its 26th largest holding. Cornell Pochily Investment Advisors Inc.’s holdings in Palo Alto Networks were worth $2,941,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PANW. Vanguard Group Inc. boosted its stake in shares of Palo Alto Networks by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company’s stock valued at $10,712,019,000 after purchasing an additional 1,541,637 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Palo Alto Networks by 41.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company’s stock valued at $1,234,650,000 after purchasing an additional 2,134,735 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Palo Alto Networks by 16.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,902,048 shares of the network technology company’s stock valued at $1,177,765,000 after purchasing an additional 950,765 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Palo Alto Networks in the 1st quarter valued at approximately $810,047,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Palo Alto Networks by 5.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,422,037 shares of the network technology company’s stock valued at $754,576,000 after purchasing an additional 219,111 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Rosenblatt Securities reduced their price target on shares of Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, August 14th. BMO Capital Markets raised their price target on shares of Palo Alto Networks from $217.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $232.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Morgan Stanley raised their price objective on shares of Palo Alto Networks from $210.00 to $216.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Finally, Bank of America upgraded shares of Palo Alto Networks from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a report on Tuesday, August 19th. Thirty equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $214.64.

Insider Activity

In other news, EVP Lee Klarich sold 120,774 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $171.58, for a total transaction of $20,722,402.92. Following the completion of the sale, the executive vice president owned 206,718 shares of the company’s stock, valued at $35,468,674.44. This trade represents a 36.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Nikesh Arora sold 846,408 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the sale, the chief executive officer directly owned 275,013 shares of the company’s stock, valued at approximately $56,119,152.78. This trade represents a 75.48% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,315,130 shares of company stock worth $259,351,606. 2.50% of the stock is owned by insiders.

Palo Alto Networks Stock Performance

Palo Alto Networks stock opened at $209.30 on Friday. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $210.39. The firm has a 50 day moving average price of $190.12 and a two-hundred day moving average price of $188.04. The firm has a market cap of $140.00 billion, a price-to-earnings ratio of 130.40, a PEG ratio of 4.92 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the business earned $0.75 EPS. The company’s revenue was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. As a group, equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

About Palo Alto Networks

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.