Palo Alto Networks, Inc. $PANW Shares Sold by WASHINGTON TRUST Co

WASHINGTON TRUST Co lowered its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 196,689 shares of the network technology company’s stock after selling 3,003 shares during the quarter. Palo Alto Networks comprises about 1.4% of WASHINGTON TRUST Co’s holdings, making the stock its 17th largest position. WASHINGTON TRUST Co’s holdings in Palo Alto Networks were worth $40,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Palo Alto Networks by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company’s stock worth $10,712,019,000 after acquiring an additional 1,541,637 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Palo Alto Networks by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 15,174,029 shares of the network technology company’s stock worth $3,093,262,000 after buying an additional 169,055 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Palo Alto Networks by 41.9% in the first quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company’s stock worth $1,234,650,000 after acquiring an additional 2,134,735 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Palo Alto Networks by 16.0% in the first 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 worth $1,177,765,000 after acquiring an additional 950,765 shares during the period. Finally, Nuveen LLC bought a new stake in Palo Alto Networks during the first quarter valued at about $810,047,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Trading Down 1.5%

PANW traded down $3.20 during trading on Thursday, hitting $206.84. 492,993 shares of the company’s stock traded hands, compared to its average volume of 6,121,818. The stock has a market capitalization of $141.47 billion, a price-to-earnings ratio of 128.65, a PEG ratio of 5.19 and a beta of 0.95. The company’s 50 day simple moving average is $208.61 and its two-hundred day simple moving average is $196.84. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $223.61.

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 for the quarter, beating the consensus estimate of $0.89 by $0.06. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.Palo Alto Networks’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, equities analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Palo Alto Networks in a research report on Wednesday, October 8th. Mizuho lifted their price objective on Palo Alto Networks from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Westpark Capital reissued a “hold” rating on shares of Palo Alto Networks in a report on Tuesday, August 19th. Scotiabank raised their target price on shares of Palo Alto Networks from $225.00 to $228.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 19th. Finally, JMP Securities boosted their price objective on Palo Alto Networks from $212.00 to $250.00 and gave the company a “market outperform” rating in a research report on Monday, October 27th. Thirty analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $221.42.

Insider Transactions at Palo Alto Networks

In related news, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total value of $1,020,950.00. Following the completion of the transaction, the executive vice president directly owned 96,135 shares in the company, valued at approximately $19,629,805.65. This represents a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 700 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $219.97, for a total value of $153,979.00. Following the completion of the sale, the chief accounting officer directly owned 47,505 shares of the company’s stock, valued at $10,449,674.85. The trade was a 1.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,215,830 shares of company stock valued at $249,160,428 in the last three months. 2.50% of the stock is owned by company insiders.

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.