Community Trust & Investment Co. Sells 42,170 Shares of Palo Alto Networks, Inc. $PANW

Community Trust & Investment Co. decreased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 26.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 114,827 shares of the network technology company’s stock after selling 42,170 shares during the quarter. Palo Alto Networks makes up 2.0% of Community Trust & Investment Co.’s holdings, making the stock its 12th largest holding. Community Trust & Investment Co.’s holdings in Palo Alto Networks were worth $39,158,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Trilogy Capital Inc. lifted its position in shares of Palo Alto Networks by 1.8% in the second quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company’s stock valued at $725,000 after acquiring an additional 37 shares in the last quarter. Wisconsin Wealth Advisors LLC increased its position in shares of Palo Alto Networks by 1.2% during the second quarter. Wisconsin Wealth Advisors LLC now owns 3,206 shares of the network technology company’s stock worth $1,093,000 after purchasing an additional 38 shares in the last quarter. GSG Advisors LLC raised its stake in Palo Alto Networks by 0.4% in the 1st quarter. GSG Advisors LLC now owns 12,536 shares of the network technology company’s stock valued at $2,010,000 after purchasing an additional 51 shares during the last quarter. PGIM Custom Harvest LLC lifted its holdings in Palo Alto Networks by 1.4% in the 3rd quarter. PGIM Custom Harvest LLC now owns 3,859 shares of the network technology company’s stock valued at $786,000 after purchasing an additional 55 shares in the last quarter. Finally, Ancora Advisors LLC lifted its holdings in Palo Alto Networks by 2.4% in the 3rd quarter. Ancora Advisors LLC now owns 2,312 shares of the network technology company’s stock valued at $471,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Analysts Set New Price Targets

PANW has been the subject of a number of research reports. DA Davidson upped their target price on shares of Palo Alto Networks from $190.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Stifel Nicolaus set a $340.00 price target on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Wedbush upped their price objective on shares of Palo Alto Networks from $300.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. BNP Paribas Exane raised their target price on shares of Palo Alto Networks from $330.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Finally, Robert W. Baird set a $320.00 target price on Palo Alto Networks in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $333.76.

Palo Alto Networks Stock Up 1.2%

Palo Alto Networks stock opened at $363.86 on Friday. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $376.98. 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 50 day moving average price of $317.88 and a 200 day moving average price of $228.20. The company has a market capitalization of $296.55 billion, a PE ratio of 298.25, a price-to-earnings-growth ratio of 12.06 and a beta of 0.91.

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 analysts’ consensus estimates of $0.79 by $0.06. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The firm’s revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Research analysts expect that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the completion of the sale, the executive vice president directly owned 145,250 shares of the company’s stock, valued at $42,058,590. The trade was a 3.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James J. Goetz sold 20,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at $5,598,000. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In 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 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.