TRB Wealth Management LLC Takes $1.11 Million Position in Palo Alto Networks, Inc. $PANW

TRB Wealth Management LLC acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,244 shares of the network technology company’s stock, valued at approximately $1,106,000.

A number of other large investors have also recently made changes to their positions in PANW. BlackRock Inc. purchased a new position in Palo Alto Networks in the second quarter worth approximately $25,833,462,000. Vanguard Group Inc. grew its holdings in Palo Alto Networks by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock worth $12,512,533,000 after acquiring an additional 2,659,100 shares in the last quarter. State Street Corp increased its position in shares of Palo Alto Networks by 2.0% in the 4th quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock valued at $5,587,100,000 after purchasing an additional 594,789 shares during the last quarter. Bank of America Corp DE increased its position in shares of Palo Alto Networks by 16.0% in the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock valued at $3,603,473,000 after purchasing an additional 3,101,267 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Palo Alto Networks by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock valued at $2,934,935,000 after purchasing an additional 540,756 shares during the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palo Alto Networks

In related news, Director John P. Key sold 7,500 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.24, for a total value of $2,094,300.00. Following the completion of the sale, the director owned 12,500 shares in the company, valued at $3,490,500. This represents a 37.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Josh D. Paul sold 1,100 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $285.08, for a total transaction of $313,588.00. Following the sale, the chief accounting officer owned 81,636 shares of the company’s stock, valued at approximately $23,272,790.88. This represents a 1.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 37,935 shares of company stock valued at $10,809,461. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Citizens Jmp lifted their price objective on shares of Palo Alto Networks from $320.00 to $415.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 12th. Capital One Financial set a $421.00 target price on Palo Alto Networks and gave the company an “overweight” rating in a report on Thursday, July 16th. Oppenheimer restated an “outperform” rating and issued a $400.00 price target (up from $350.00) on shares of Palo Alto Networks in a research note on Tuesday, August 4th. Benchmark lifted their price target on Palo Alto Networks from $270.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $475.00 price objective (up from $420.00) on shares of Palo Alto Networks in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $362.67.

Palo Alto Networks Stock Up 2.4%

Shares of NASDAQ PANW opened at $358.04 on Friday. The business has a 50-day moving average price of $337.38 and a 200 day moving average price of $241.72. The stock has a market cap of $291.80 billion, a PE ratio of 293.48, a price-to-earnings-growth ratio of 11.74 and a beta of 0.91. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $398.88.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the company posted $0.37 earnings per share. The firm’s revenue was up 31.1% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. Equities research analysts forecast that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Palo Alto Networks Profile

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.