TRB Wealth Management LLC Acquires Shares of 3,244 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, Holdings Channel reports. The fund acquired 3,244 shares of the network technology company’s stock, valued at approximately $1,106,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sumitomo Life Insurance Co. acquired a new position in shares of Palo Alto Networks in the second quarter valued at approximately $27,548,000. William Blair Investment Management LLC purchased a new stake in shares of Palo Alto Networks during the second quarter worth approximately $38,012,000. Korea Investment CORP acquired a new stake in shares of Palo Alto Networks during the second quarter worth $208,709,000. EP Wealth Advisors LLC acquired a new stake in shares of Palo Alto Networks during the second quarter worth $81,085,000. Finally, M1 Capital Management LLC acquired a new stake in shares of Palo Alto Networks during the second quarter worth $501,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Palo Alto Networks Price Performance

PANW stock opened at $358.04 on Friday. The firm has a 50 day moving average of $337.38 and a 200-day moving average of $241.72. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $398.88. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The company has a market cap of $291.80 billion, a price-to-earnings ratio of 293.48, a PEG ratio of 11.74 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 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the firm posted $0.37 EPS. The company’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. As a group, equities analysts expect that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

Insider Activity at Palo Alto Networks

In other news, CAO Josh D. Paul sold 900 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total value of $310,500.00. Following the completion of the transaction, the chief accounting officer owned 79,644 shares in the company, valued at $27,477,180. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Aparna Bawa sold 290 shares of Palo Alto Networks stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $348.74, for a total value of $101,134.60. Following the transaction, the director directly owned 6,437 shares of the company’s stock, valued at $2,244,839.38. This trade represents a 4.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,935 shares of company stock valued at $10,809,461 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on PANW shares. BMO Capital Markets reissued an “outperform” rating and issued a $415.00 price objective (up from $335.00) on shares of Palo Alto Networks in a research note on Thursday. William Blair restated an “outperform” rating on shares of Palo Alto Networks in a research note on Tuesday, June 16th. TD Cowen raised their target price on shares of Palo Alto Networks from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $434.00 target price (up from $330.00) on shares of Palo Alto Networks in a report on Friday, August 14th. Finally, Evercore reiterated an “outperform” rating and set a $415.00 price target on shares of Palo Alto Networks in a research note on Wednesday, July 8th. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $362.67.

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.