34,671 Shares in Palo Alto Networks, Inc. $PANW Bought by NBT Bank N.A.

Posted by Francis Steltz on Oct 23rd, 2026

NBT Bank N.A. acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 34,671 shares of the network technology company’s stock, valued at approximately $13,775,000. Palo Alto Networks comprises 0.9% of NBT Bank N.A.’s holdings, making the stock its 23rd biggest holding.

Other large investors have also added to or reduced their stakes in the company. Root Financial Partners LLC grew its position in Palo Alto Networks by 22.9% during the 3rd quarter. Root Financial Partners LLC now owns 2,087 shares of the network technology company’s stock valued at $829,000 after purchasing an additional 389 shares during the last quarter. Trust Co of the South bought a new stake in Palo Alto Networks during the 3rd quarter valued at about $505,000. SBI Securities Co. Ltd. raised its holdings in Palo Alto Networks by 1.8% in the third quarter. SBI Securities Co. Ltd. now owns 30,931 shares of the network technology company’s stock worth $12,289,000 after buying an additional 535 shares during the last quarter. Obermeyer Wealth Partners raised its holdings in Palo Alto Networks by 6.6% in the third quarter. Obermeyer Wealth Partners now owns 4,560 shares of the network technology company’s stock worth $1,812,000 after buying an additional 283 shares during the last quarter. Finally, Wealth Management Partners LLC raised its holdings in Palo Alto Networks by 1.3% in the third quarter. Wealth Management Partners LLC now owns 10,193 shares of the network technology company’s stock worth $4,050,000 after buying an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PANW shares. Oppenheimer reiterated an “outperform” rating and issued a $450.00 target price (up from $400.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Arete Research raised their price target on shares of Palo Alto Networks from $185.00 to $433.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Roth Capital restated a “neutral” rating and issued a $300.00 price objective (up from $210.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. BNP Paribas Exane upped their price objective on Palo Alto Networks from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. Finally, Stifel Nicolaus set a $415.00 price objective on Palo Alto Networks and gave the company a “buy” rating in a research report on Wednesday, August 19th. Thirty-nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, Palo Alto Networks has a consensus rating of “Moderate Buy” and an average target price of $398.55.

Check Out Our Latest Stock Analysis on Palo Alto Networks

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $354.92 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $290.32 billion, a price-to-earnings ratio of 695.94, a price-to-earnings-growth ratio of 9.99 and a beta of 0.93. The business has a 50-day simple moving average of $369.41 and a two-hundred day simple moving average of $307.28. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $432.33.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last announced its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The business’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 EPS. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. On average, analysts expect that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Insider Activity

In other news, Director James Goetz sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total transaction of $7,533,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John P. Key sold 2,500 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $376.03, for a total transaction of $940,075.00. Following the transaction, the director owned 10,000 shares in the company, valued at approximately $3,760,300. This trade represents a 20.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 54,210 shares of company stock valued at $20,823,029 over the last three months. Corporate insiders own 1.40% of the company’s stock.

About Palo Alto Networks

(Free Report)

Palo Alto Networks, Inc (NASDAQ:PANW) is a global cybersecurity company that helps organizations protect networks, cloud environments, endpoints, and digital infrastructure. Its offerings are designed to prevent cyberattacks, identify security risks, monitor activity, and support incident response across enterprise, government, and service-provider environments.

The company’s portfolio includes network security products such as next-generation firewalls and security operations tools; Prisma, its cloud security platform; and Cortex, a suite focused on endpoint protection, threat detection, security analytics, and automated response.