Palo Alto Networks, Inc. $PANW Shares Sold by First United Bank & Trust

First United Bank & Trust lowered its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 80.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,073 shares of the network technology company’s stock after selling 4,440 shares during the quarter. First United Bank & Trust’s holdings in Palo Alto Networks were worth $172,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of PANW. Vanguard Group Inc. lifted its position in shares of Palo Alto Networks by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock valued at $12,512,533,000 after acquiring an additional 2,659,100 shares in the last quarter. State Street Corp increased its position in Palo Alto Networks by 2.0% during the 4th quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock worth $5,587,100,000 after purchasing an additional 594,789 shares in the last quarter. Bank of America Corp DE increased its position in Palo Alto Networks by 11.9% during the 4th quarter. Bank of America Corp DE now owns 19,375,486 shares of the network technology company’s stock worth $3,568,964,000 after purchasing an additional 2,065,776 shares in the last quarter. Geode Capital Management LLC raised its stake in Palo Alto Networks by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock valued at $2,934,935,000 after purchasing an additional 540,756 shares during the last quarter. Finally, Norges Bank acquired a new position in Palo Alto Networks in the 4th quarter valued at about $1,415,364,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Buying and Selling

In other news, Director James J. Goetz sold 20,000 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.90, for a total value of $5,598,000.00. Following the completion of the sale, the director owned 20,000 shares in the company, valued at approximately $5,598,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John P. Key sold 7,500 shares of the firm’s stock in a transaction dated 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 sale, the director owned 12,500 shares in the company, valued at approximately $3,490,500. The trade was a 37.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 106,389 shares of company stock valued at $27,570,630 over the last ninety days. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

PANW opened at $304.20 on Friday. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $306.24. The company has a 50 day moving average of $241.22 and a two-hundred day moving average of $196.11. The company has a market cap of $247.92 billion, a P/E ratio of 249.34, a P/E/G ratio of 10.88 and a beta of 0.94. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results 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. The business had revenue of $3 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter last year, the firm 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, analysts expect that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on PANW. Piper Sandler restated an “overweight” rating and issued a $345.00 target price (up from $265.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Sanford C. Bernstein lifted their price target on shares of Palo Alto Networks from $209.00 to $253.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Capital One Financial boosted their price objective on shares of Palo Alto Networks from $168.00 to $248.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 19th. HSBC upped their price objective on shares of Palo Alto Networks from $114.00 to $207.00 in a research note on Thursday, June 4th. Finally, Morgan Stanley raised their target price on shares of Palo Alto Networks from $253.00 to $320.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.