Trust Co. of Toledo NA OH Has $14.26 Million Stock Holdings in Palo Alto Networks, Inc. $PANW

Trust Co. of Toledo NA OH lifted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,660 shares of the network technology company’s stock after purchasing an additional 997 shares during the period. Palo Alto Networks comprises 1.6% of Trust Co. of Toledo NA OH’s portfolio, making the stock its 10th largest holding. Trust Co. of Toledo NA OH’s holdings in Palo Alto Networks were worth $14,255,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HWG Holdings LP bought a new stake in Palo Alto Networks during the first quarter valued at about $31,000. Dagco Inc. purchased a new stake in shares of Palo Alto Networks during the first quarter worth about $33,000. WPG Advisers LLC purchased a new stake in shares of Palo Alto Networks during the first quarter worth about $37,000. Strategic Investment Solutions Inc. IL raised its stake in Palo Alto Networks by 58.9% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock valued at $38,000 after purchasing an additional 83 shares during the period. Finally, Stonebridge Financial Group LLC lifted its holdings in Palo Alto Networks by 46.8% in the 1st quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company’s stock worth $40,000 after purchasing an additional 74 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Stock Down 3.1%

PANW stock opened at $208.55 on Friday. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $217.94. The firm has a market capitalization of $139.50 billion, a P/E ratio of 129.94, a price-to-earnings-growth ratio of 5.12 and a beta of 0.98. The company has a fifty day simple moving average of $192.94 and a two-hundred day simple moving average of $189.14.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. 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, analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Lee Klarich sold 120,774 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $211.92, for a total value of $25,594,426.08. Following the sale, the executive vice president owned 149,190 shares of the company’s stock, valued at approximately $31,616,344.80. This represents a 44.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Nikesh Arora sold 846,408 shares of Palo Alto Networks stock in a transaction dated 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 transaction, the chief executive officer directly owned 275,013 shares of the company’s stock, valued at approximately $56,119,152.78. This represents a 75.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,315,130 shares of company stock valued at $260,687,367. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PANW has been the subject of a number of research analyst reports. Bank of America raised 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. Sanford C. Bernstein set a $207.00 target price on shares of Palo Alto Networks and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Truist Financial set a $220.00 target price on shares of Palo Alto Networks and gave the company a “buy” rating in a research note on Tuesday, August 19th. Piper Sandler upgraded shares of Palo Alto Networks from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $200.00 to $225.00 in a report on Tuesday, August 12th. Finally, Wedbush reissued an “outperform” rating and set a $225.00 price objective on shares of Palo Alto Networks in a report on Monday, September 15th. Twenty-eight research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $214.95.

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.