MidFirst Bank Buys New Shares in Palo Alto Networks, Inc. $PANW

MidFirst Bank purchased a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 25,256 shares of the network technology company’s stock, valued at approximately $8,613,000.

Several other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of Palo Alto Networks during the 2nd quarter valued at about $25,833,462,000. Occidental Asset Management LLC purchased a new stake in Palo Alto Networks in the 2nd quarter worth approximately $1,126,000. Succession Financial Inc. purchased a new stake in Palo Alto Networks in the 2nd quarter worth approximately $546,000. Dunhill Financial LLC bought a new stake in Palo Alto Networks during the 2nd quarter worth approximately $45,000. Finally, Pallas Capital Advisors LLC bought a new stake in Palo Alto Networks during the 2nd quarter worth approximately $7,850,000. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Trading Down 2.2%

Palo Alto Networks stock opened at $375.76 on Tuesday. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $398.88. The firm’s 50 day moving average price is $330.20 and its 200-day moving average price is $237.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $306.24 billion, a P/E ratio of 308.00, a PEG ratio of 12.89 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. Palo Alto Networks’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 earnings per share. 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, equities analysts predict that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other news, Director John P. Key sold 7,500 shares of Palo Alto Networks stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the sale, the director directly owned 12,500 shares of the company’s stock, valued at approximately $3,490,500. The trade was a 37.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 1,100 shares of the business’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. This represents a 1.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 101,239 shares of company stock worth $27,174,360. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PANW shares. Needham & Company LLC upped their price target on shares of Palo Alto Networks from $350.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Oppenheimer restated an “outperform” rating and set a $400.00 price objective (up from $350.00) on shares of Palo Alto Networks in a research report on Tuesday, August 4th. Robert W. Baird set a $320.00 target price on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Capital One Financial set a $421.00 target price on shares of Palo Alto Networks and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Berenberg Bank increased their price target on Palo Alto Networks from $290.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Palo Alto Networks currently has an average rating of “Moderate Buy” and an average price target of $342.61.

About Palo Alto Networks

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.