Harbour Trust & Investment Management Co Purchases 4,969 Shares of Palo Alto Networks, Inc. $PANW

Harbour Trust & Investment Management Co raised its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 10.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,330 shares of the network technology company’s stock after acquiring an additional 4,969 shares during the quarter. Palo Alto Networks comprises 1.2% of Harbour Trust & Investment Management Co’s investment portfolio, making the stock its 24th biggest holding. Harbour Trust & Investment Management Co’s holdings in Palo Alto Networks were worth $10,709,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PANW. HWG Holdings LP bought a new stake in Palo Alto Networks during the first quarter valued at $31,000. Dagco Inc. bought a new position in shares of Palo Alto Networks during the 1st quarter worth about $33,000. WPG Advisers LLC bought a new position in shares of Palo Alto Networks during the 1st quarter worth about $37,000. Strategic Investment Solutions Inc. IL boosted its position in shares of Palo Alto Networks by 58.9% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock worth $38,000 after purchasing an additional 83 shares in the last quarter. Finally, Stonebridge Financial Group LLC boosted its position in shares of Palo Alto Networks by 46.8% during the 1st quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company’s stock worth $40,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $172.80, for a total value of $17,280,000.00. Following the completion of the sale, the executive vice president owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. This trade represents a 3.08% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 sale, the chief accounting officer owned 32,474 shares of the company’s stock, valued at approximately $6,564,943.84. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,315,130 shares of company stock worth $260,687,367. Company insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

PANW has been the topic of a number of research analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $223.00 price objective on shares of Palo Alto Networks in a research report on Friday, August 15th. New Street Research increased their price objective on shares of Palo Alto Networks from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. BTIG Research raised shares of Palo Alto Networks from a “neutral” rating to a “buy” rating in a research report on Monday. Bank of America raised shares of Palo Alto Networks from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a research report on Tuesday, August 19th. Finally, KeyCorp cut shares of Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 31st. Twenty-nine 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’s stock. Based on data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $216.00.

Palo Alto Networks Stock Performance

NASDAQ:PANW opened at $213.28 on Tuesday. The firm has a market cap of $142.66 billion, a price-to-earnings ratio of 132.88, a price-to-earnings-growth ratio of 4.96 and a beta of 0.98. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $217.94. The firm has a 50-day moving average price of $193.79 and a two-hundred day moving average price of $189.56.

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

About Palo Alto Networks

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.