Wesbanco Bank Inc. Has $28.41 Million Holdings in Palo Alto Networks, Inc. $PANW

Wesbanco Bank Inc. boosted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 6.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 177,230 shares of the network technology company’s stock after purchasing an additional 11,389 shares during the quarter. Palo Alto Networks accounts for about 0.8% of Wesbanco Bank Inc.’s holdings, making the stock its 24th biggest position. Wesbanco Bank Inc.’s holdings in Palo Alto Networks were worth $28,414,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new position in shares of Palo Alto Networks in the second quarter worth approximately $25,000. Steph & Co. lifted its position in shares of Palo Alto Networks by 88.2% in the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock valued at $26,000 after acquiring an additional 67 shares in the last quarter. Knuff & Co LLC purchased a new stake in shares of Palo Alto Networks in the 4th quarter valued at approximately $26,000. Sittner & Nelson LLC boosted its stake in Palo Alto Networks by 73.8% in the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock worth $27,000 after purchasing an additional 62 shares during the period. Finally, Luken Investment Analytics LLC boosted its stake in Palo Alto Networks by 196.2% in the 4th quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock worth $28,000 after purchasing an additional 102 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director John P. Key sold 7,500 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the transaction, the director owned 12,500 shares in the company, valued at $3,490,500. The trade was a 37.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Aparna Bawa sold 345 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $290.17, for a total value of $100,108.65. Following the completion of the transaction, the director directly owned 7,359 shares in the company, valued at approximately $2,135,361.03. The trade was a 4.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 106,389 shares of company stock valued at $27,570,630 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Mizuho boosted their target price on shares of Palo Alto Networks from $265.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Morgan Stanley raised their target price on Palo Alto Networks from $253.00 to $320.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. BNP Paribas Exane lifted their price target on Palo Alto Networks from $220.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Piper Sandler reiterated an “overweight” rating and set a $345.00 price target (up from $265.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Finally, Cantor Fitzgerald set a $340.00 price target on Palo Alto Networks and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $306.59.

Palo Alto Networks Stock Up 3.8%

Palo Alto Networks stock opened at $304.20 on Friday. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $306.24. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $247.92 billion, a PE ratio of 249.34, a P/E/G ratio of 10.88 and a beta of 0.94. The firm’s 50 day moving average price is $241.22 and its two-hundred day moving average price is $196.11.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the business posted $0.37 EPS. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. 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. On average, research analysts predict that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Palo Alto Networks Company 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.