6,777 Shares in Palo Alto Networks, Inc. $PANW Purchased by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 6,777 shares of the network technology company’s stock, valued at approximately $2,311,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its position in Palo Alto Networks by 15.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company’s stock worth $65,796,000 after buying an additional 53,485 shares in the last quarter. Aviva PLC grew its holdings in shares of Palo Alto Networks by 5.4% during the 4th quarter. Aviva PLC now owns 568,804 shares of the network technology company’s stock valued at $104,774,000 after acquiring an additional 29,230 shares in the last quarter. B&D White Capital Company LLC purchased a new position in shares of Palo Alto Networks during the 1st quarter valued at $353,000. Bridgewater Advisors Inc. purchased a new position in shares of Palo Alto Networks during the 2nd quarter valued at $2,159,000. Finally, Granite Islands Private Wealth LLC increased its stake in shares of Palo Alto Networks by 43.6% in the first quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company’s stock worth $2,453,000 after acquiring an additional 4,659 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling

In other news, Director Helle Thorning-Schmidt sold 700 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total transaction of $242,795.00. Following the completion of the sale, the director owned 5,898 shares in the company, valued at approximately $2,045,721.30. This represents a 10.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 900 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total value of $310,500.00. Following the transaction, the chief accounting officer directly owned 79,644 shares in the company, valued at approximately $27,477,180. This represents a 1.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 101,239 shares of company stock valued at $27,174,360. 1.40% of the stock is owned by corporate insiders.

Palo Alto Networks Stock Down 2.2%

PANW stock opened at $375.76 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $398.88. The company has a fifty day simple moving average of $330.20 and a 200 day simple moving average of $237.05. The firm has a market cap of $306.24 billion, a PE ratio of 308.00, a PEG ratio of 12.89 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. Palo Alto Networks’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share. 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. Sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on PANW. Northland Securities increased their price objective on Palo Alto Networks from $190.00 to $302.00 and gave the stock a “market perform” rating in a report on Wednesday, June 3rd. BNP Paribas Exane boosted their target price on Palo Alto Networks from $330.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Benchmark upped their target price on Palo Alto Networks from $270.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Guggenheim downgraded Palo Alto Networks from a “neutral” rating to a “reduce” rating in a research note on Wednesday, May 27th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $330.00 price target on shares of Palo Alto Networks in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $342.61.

About Palo Alto Networks

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.