Texas Capital Bank Wealth Management Services Inc Takes $2.31 Million Position in Palo Alto Networks, Inc. $PANW

Texas Capital Bank Wealth Management Services Inc acquired a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,777 shares of the network technology company’s stock, valued at approximately $2,311,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new position in Palo Alto Networks during the second quarter valued at about $25,833,462,000. Norges Bank bought a new stake in Palo Alto Networks in the fourth quarter worth about $1,415,364,000. Bank of New York Mellon Corp bought a new stake in Palo Alto Networks in the second quarter worth about $1,569,755,000. Deutsche Bank AG acquired a new stake in Palo Alto Networks in the 2nd quarter valued at about $1,481,236,000. Finally, Bank of America Corp DE lifted its holdings in Palo Alto Networks by 16.0% in the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock valued at $3,603,473,000 after acquiring an additional 3,101,267 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PANW shares. Robert W. Baird set a $320.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. William Blair reiterated an “outperform” rating on shares of Palo Alto Networks in a report on Tuesday, June 16th. Tigress Financial increased their target price on shares of Palo Alto Networks from $245.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Wedbush raised their target price on shares of Palo Alto Networks from $300.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Finally, Wolfe Research restated an “outperform” rating and issued a $320.00 price target on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $342.61.

Palo Alto Networks Price Performance

NASDAQ PANW opened at $375.76 on Tuesday. The stock’s 50-day moving average price is $330.20 and its two-hundred day moving average price is $237.05. 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 $306.24 billion, a PE ratio of 308.00, a PEG ratio of 12.89 and a beta of 0.91. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $398.88.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 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 period in the prior year, the firm earned $0.37 earnings per share. The business’s quarterly revenue 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, analysts predict that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

Insider Buying and Selling at Palo Alto Networks

In related news, Director Helle Thorning-Schmidt sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $346.85, for a total value of $242,795.00. Following the completion of the sale, the director owned 5,898 shares in the company, valued at approximately $2,045,721.30. This represents a 10.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total transaction of $310,500.00. Following the completion of the transaction, the chief accounting officer directly owned 79,644 shares of the company’s stock, valued at $27,477,180. This represents a 1.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 101,239 shares of company stock valued at $27,174,360 over the last three months. 1.40% of the stock is owned by insiders.

Palo Alto Networks 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.