3,401 Shares of Palo Alto Networks, Inc. $PANW Purchased by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida purchased a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,401 shares of the network technology company’s stock, valued at approximately $1,351,000. Palo Alto Networks makes up about 0.8% of Canandaigua National Trust Co of Florida’s holdings, making the stock its 29th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Palo Alto Networks in the 2nd quarter worth approximately $25,833,462,000. State Street Corp lifted its stake in shares of Palo Alto Networks by 4.2% in the 2nd quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock valued at $12,610,748,000 after purchasing an additional 1,493,179 shares during the period. Bank of America Corp DE boosted its position in shares of Palo Alto Networks by 0.9% during the second quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock valued at $7,734,973,000 after purchasing an additional 205,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Palo Alto Networks by 8.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company’s stock valued at $2,993,802,000 after purchasing an additional 706,003 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in Palo Alto Networks in the second quarter worth $1,968,304,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on PANW. Loop Capital increased their price objective on Palo Alto Networks from $290.00 to $350.00 and gave the stock a “hold” rating in a report on Friday, August 21st. Evercore reaffirmed an “outperform” rating on shares of Palo Alto Networks in a research report on Monday, August 31st. Sanford C. Bernstein lowered shares of Palo Alto Networks from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $253.00 to $351.00 in a research note on Thursday, September 17th. Stifel Nicolaus set a $415.00 price target on shares of Palo Alto Networks and gave the company a “buy” rating in a research report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Palo Alto Networks from $326.00 to $384.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 25th. Thirty-eight investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and an average target price of $391.32.

Palo Alto Networks Stock Down 3.4%

Shares of PANW traded down $14.34 during trading hours on Wednesday, hitting $405.57. The company had a trading volume of 3,888,749 shares, compared to its average volume of 8,289,067. The stock has a market capitalization of $331.76 billion, a price-to-earnings ratio of 795.25, a P/E/G ratio of 11.71 and a beta of 0.93. The firm has a fifty day moving average price of $365.86 and a 200-day moving average price of $289.05. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $432.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.98 by $0.04. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. Palo Alto Networks’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 EPS. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. On average, equities research analysts forecast that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

Trending Headlines about Palo Alto Networks

Here are the key news stories impacting Palo Alto Networks this week:

• Positive Sentiment: AI and cybersecurity momentum: PANW benefited from a broad rally in cybersecurity stocks after Zscaler reaffirmed its fiscal 2027 earnings outlook. Investor interest is also increasing in security tools designed to protect AI agents, following CrowdStrike’s accelerator with Amazon Web Services and NVIDIA. Palo Alto Networks Stock Reaches New Highs: What’s Happening?
• Positive Sentiment: Strong operating results and outlook: The company’s latest quarterly revenue increased 34.5% year over year to $3.41 billion, exceeding estimates, while earnings of $1.02 per share also topped expectations. Management’s fiscal 2027 EPS guidance of $4.16–$4.19 reinforces expectations for continued growth.
• Positive Sentiment: Favorable analyst positioning: Sell-side firms broadly maintain a constructive view, with 38 analysts issuing Buy ratings and 12 assigning Hold ratings. The overall consensus is “Moderate Buy,” although the average price target of $391.32 is below recent trading levels. Palo Alto Networks Rated Moderate Buy
• Neutral Sentiment: Long-term performance remains a selling point: A $1,000 investment held for ten years substantially outperformed the S&P 500, highlighting PANW’s successful expansion from firewall products into a broader cloud, endpoint and AI-security platform. However, past performance does not eliminate valuation risk. A $1,000 Bet on Palo Alto Networks Beat the S&P 500
• Negative Sentiment: Very elevated valuation: PANW’s market capitalization is approximately $332 billion, while its reported P/E ratio is near 800. The stock’s rally has pushed it above the consensus price target, increasing the risk of consolidation or profit-taking if growth expectations moderate.
• Negative Sentiment: Insider sale: Chief Accounting Officer Josh Paul sold 400 shares worth approximately $158,280. The transaction reduced his holdings by only 0.51%, so it is a limited signal, but it may add to short-term selling pressure. Palo Alto Networks Insider Selling

Insider Buying and Selling

In other Palo Alto Networks news, CAO Josh D. Paul sold 900 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $373.68, for a total value of $336,312.00. Following the completion of the transaction, the chief accounting officer owned 72,484 shares of the company’s stock, valued at approximately $27,085,821.12. The trade was a 1.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dipak Golechha sold 27,500 shares of the company’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the transaction, the executive vice president owned 117,750 shares in the company, valued at $46,110,900. This represents a 18.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 53,960 shares of company stock worth $20,719,959 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

About Palo Alto Networks

Palo Alto Networks, Inc is a cybersecurity company that provides solutions designed to help organizations protect networks, endpoints, cloud environments, applications and users from cyber threats. Its offerings include next-generation firewalls, cloud-delivered security services, secure access service edge (SASE) solutions, endpoint protection and security operations tools.

The company also provides platforms and services for cloud security, threat intelligence, incident response, vulnerability management and the automation of security operations.