Park National Corp OH Boosts Stake in Palo Alto Networks, Inc. $PANW

Park National Corp OH lifted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 211,402 shares of the network technology company’s stock after buying an additional 2,819 shares during the period. Palo Alto Networks makes up approximately 1.0% of Park National Corp OH’s portfolio, making the stock its 27th biggest holding. Park National Corp OH’s holdings in Palo Alto Networks were worth $33,892,000 at the end of the most recent quarter.

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

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $287.78 on Friday. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $302.95. The firm has a market capitalization of $234.54 billion, a price-to-earnings ratio of 235.89, a P/E/G ratio of 10.69 and a beta of 0.94. 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 firm has a 50 day simple moving average of $228.24 and a 200 day simple moving average of $192.65.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (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 business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the firm posted $0.37 EPS. The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. 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 2.03 earnings per share for the current year.

Analysts Set New Price Targets

PANW has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on shares of Palo Alto Networks from $200.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Argus raised their target price on Palo Alto Networks from $222.00 to $320.00 in a research report on Friday, June 5th. Oppenheimer boosted their target price on Palo Alto Networks from $275.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Wolfe Research reaffirmed an “outperform” rating and set a $320.00 price target on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, Morgan Stanley increased their price target on Palo Alto Networks from $253.00 to $320.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $306.59.

Insider Activity at Palo Alto Networks

In related news, Director Aparna Bawa sold 536 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $280.00, for a total transaction of $150,080.00. Following the sale, the director owned 7,704 shares of the company’s stock, valued at approximately $2,157,120. This represents a 6.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Josh D. Paul sold 1,100 shares of the firm’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 transaction, the chief accounting officer owned 81,636 shares of the company’s stock, valued at approximately $23,272,790.88. This represents a 1.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 101,044 shares of company stock worth $26,022,722 in the last 90 days. 1.40% of the stock is owned by company insiders.

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.