Amalgamated Bank Grows Stock Holdings in Palo Alto Networks, Inc. $PANW

Amalgamated Bank grew its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 146,174 shares of the network technology company’s stock after purchasing an additional 4,744 shares during the period. Amalgamated Bank’s holdings in Palo Alto Networks were worth $29,913,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Prairie Wealth Advisors Inc. grew its stake in Palo Alto Networks by 5.8% during the second quarter. Prairie Wealth Advisors Inc. now owns 1,833 shares of the network technology company’s stock worth $375,000 after buying an additional 100 shares during the period. Field & Main Bank grew its stake in Palo Alto Networks by 1.9% during the second quarter. Field & Main Bank now owns 18,050 shares of the network technology company’s stock worth $3,694,000 after buying an additional 329 shares during the period. Savvy Advisors Inc. grew its stake in Palo Alto Networks by 8.4% during the second quarter. Savvy Advisors Inc. now owns 13,195 shares of the network technology company’s stock worth $2,700,000 after buying an additional 1,019 shares during the period. Fortune 45 LLC grew its stake in Palo Alto Networks by 5.3% during the second quarter. Fortune 45 LLC now owns 2,526 shares of the network technology company’s stock worth $517,000 after buying an additional 127 shares during the period. Finally, MeadowBrook Investment Advisors LLC grew its stake in Palo Alto Networks by 14.4% during the second quarter. MeadowBrook Investment Advisors LLC now owns 2,354 shares of the network technology company’s stock worth $482,000 after buying an additional 296 shares during the period. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PANW. Piper Sandler upgraded shares of Palo Alto Networks from a “neutral” rating to an “overweight” rating and upped their target price for the company from $200.00 to $225.00 in a research note on Tuesday, August 12th. Guggenheim upped their target price on shares of Palo Alto Networks from $130.00 to $135.00 and gave the company a “sell” rating in a research note on Tuesday, August 19th. Truist Financial set a $220.00 target price on shares of Palo Alto Networks and gave the company a “buy” rating in a research note on Tuesday, August 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $223.00 price target on shares of Palo Alto Networks in a report on Friday, August 15th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Palo Alto Networks in a report on Wednesday, October 8th. Thirty equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average target price of $218.17.

Palo Alto Networks Stock Performance

Shares of NASDAQ:PANW opened at $217.16 on Thursday. The stock has a market capitalization of $145.26 billion, a price-to-earnings ratio of 135.30, a price-to-earnings-growth ratio of 5.26 and a beta of 0.98. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $223.61. The company’s fifty day moving average is $203.12 and its two-hundred day moving average is $193.64.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the company earned $0.75 EPS. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Nikesh Arora sold 846,408 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total value of $172,718,016.48. Following the sale, the chief executive officer owned 275,013 shares of the company’s stock, valued at $56,119,152.78. This trade represents a 75.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total transaction of $141,512.00. Following the completion of the transaction, the chief accounting officer owned 32,474 shares of the company’s stock, valued at $6,564,943.84. This represents a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,315,130 shares of company stock worth $260,687,367. 2.50% of the stock is owned by company insiders.

Palo Alto Networks Profile

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.