City Holding Co. Cuts Stock Position in Palo Alto Networks, Inc. $PANW

City Holding Co. cut its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 19.1% in the second quarter, HoldingsChannel.com reports. The firm owned 15,915 shares of the network technology company’s stock after selling 3,755 shares during the period. City Holding Co.’s holdings in Palo Alto Networks were worth $5,427,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PANW. Brighton Jones LLC boosted its stake in Palo Alto Networks by 147.7% in the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after acquiring an additional 4,031 shares in the last quarter. Bison Wealth LLC increased its position in shares of Palo Alto Networks by 169.1% during the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after purchasing an additional 3,275 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Palo Alto Networks by 66.3% during the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock worth $713,000 after purchasing an additional 1,389 shares in the last quarter. Osterweis Capital Management Inc. lifted its holdings in shares of Palo Alto Networks by 11,100.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company’s stock valued at $115,000 after purchasing an additional 555 shares during the last quarter. Finally, Main Street Financial Solutions LLC lifted its holdings in shares of Palo Alto Networks by 6.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company’s stock valued at $900,000 after purchasing an additional 249 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $385.04 on Tuesday. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $385.17. The company’s 50 day moving average is $319.57 and its 200 day moving average is $229.90. 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 $313.81 billion, a PE ratio of 315.61, a price-to-earnings-growth ratio of 12.21 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.79 by $0.06. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The business’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 EPS. 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, sell-side analysts forecast that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. FBN Securities restated an “outperform” rating on shares of Palo Alto Networks in a research note on Wednesday, July 1st. Morgan Stanley reiterated an “overweight” rating and issued a $387.00 price target (up from $320.00) on shares of Palo Alto Networks in a research note on Tuesday, July 21st. HSBC boosted their price target on Palo Alto Networks from $114.00 to $207.00 in a research note on Thursday, June 4th. Wells Fargo & Company upped their price objective on shares of Palo Alto Networks from $325.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Finally, TD Cowen reiterated a “buy” rating on shares of Palo Alto Networks in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $333.76.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the completion of the transaction, the executive vice president owned 145,250 shares in the company, valued at approximately $42,058,590. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Josh D. Paul sold 1,100 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $285.08, for a total value of $313,588.00. Following the completion of the sale, the chief accounting officer owned 81,636 shares in the company, valued at $23,272,790.88. The trade was a 1.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 101,239 shares of company stock valued at $27,174,360 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

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.