MidFirst Bank Takes Position in Palo Alto Networks, Inc. $PANW

MidFirst Bank purchased a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 24,042 shares of the network technology company’s stock, valued at approximately $4,429,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Darwin Wealth Management LLC bought a new stake in Palo Alto Networks during the 2nd quarter valued at $25,000. Steph & Co. lifted its holdings 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 worth $26,000 after buying an additional 67 shares during the period. Knuff & Co LLC bought a new position in shares of Palo Alto Networks during the 4th quarter worth $26,000. Sittner & Nelson LLC grew its position in shares of Palo Alto Networks by 73.8% during the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock worth $27,000 after buying an additional 62 shares in the last quarter. Finally, Luken Investment Analytics LLC increased its stake in shares of Palo Alto Networks by 196.2% during the fourth quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock valued at $28,000 after buying an additional 102 shares during the period. Institutional investors own 79.82% of the company’s stock.

Insiders Place Their Bets

In other news, Director John P. Key sold 7,500 shares of Palo Alto Networks stock in a transaction that occurred on Friday, June 12th. The shares were 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 of the company’s stock, valued at $3,490,500. The trade was a 37.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Josh D. Paul sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $285.08, for a total transaction of $313,588.00. Following the transaction, the chief accounting officer owned 81,636 shares of the company’s stock, valued at approximately $23,272,790.88. This trade represents a 1.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 101,044 shares of company stock worth $26,022,722. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Trading Up 2.0%

Shares of NASDAQ PANW opened at $287.78 on Friday. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $302.95. The business has a fifty day moving average price of $225.96 and a 200 day moving average price of $191.98. The stock has a market capitalization of $234.54 billion, a P/E ratio of 235.89, a price-to-earnings-growth ratio of 10.48 and a beta of 0.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.06. The company had revenue of $3 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous 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. Equities research analysts expect that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on PANW shares. Wells Fargo & Company restated an “overweight” rating and issued a $325.00 price objective (up from $285.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Wolfe Research reiterated an “outperform” rating and set a $320.00 target price on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Berenberg Bank raised their target price on shares of Palo Alto Networks from $290.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Oppenheimer boosted their price target on shares of Palo Alto Networks from $275.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Finally, Wedbush upped their price target on shares of Palo Alto Networks from $300.00 to $340.00 and gave the stock an “outperform” 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 issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $306.59.

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.