First Citizens Bank & Trust 13F: Adds $4.1M to PANW Stake

First Citizens Bank & Trust recently increased its investment in Palo Alto Networks, Inc. (NasdaqGS: PANW). According to the latest Form 13F filing with the SEC, the bank added 10,392 shares, boosting its stake by 126.6% to a total of 18,600 shares. The value of this position is approximately $7.39 million. This filing reflects holdings as of the end of the reporting period and may not represent the investor's current position.

What Changed in First Citizens Bank & Trust's Palo Alto Networks Position

First Citizens Bank & Trust significantly increased its stake in Palo Alto Networks, growing its holdings by 10,392 shares to a total of 18,600 shares. This represents a 126.6% increase from its previous holding of 8,208 shares. The reported value of this investment is about $7.39 million.

Palo Alto Networks, Inc. Stock Down 8.6%

Shares of Palo Alto Networks, Inc. (NasdaqGS: PANW) traded near their recent closing price of $375.04. The company has a substantial market capitalization of approximately $302.88 billion. The stock's forward P/E ratio stands at 75.89, indicating expectations of future earnings growth. Palo Alto Networks has a beta of 0.933, suggesting it is less volatile than the broader market. Over the past 52 weeks, the stock has ranged from $139.57 to $432.33. Its 50-day moving average is $373.46, while the 200-day moving average is $258.98.

Recent Earnings

Palo Alto Networks reported revenue of $11.48 billion, with a growth rate of 34.5%. The company's net margin is 2.67%, and its return on equity is 1.74%. Despite a high P/E ratio of 925.68, the forward P/E is more moderate at 75.89, suggesting expected improvements in profitability. The next earnings report is anticipated on November 19, 2026.

About Palo Alto Networks

Palo Alto Networks, Inc. is a leading cybersecurity company headquartered in Santa Clara, California. The firm provides a broad range of security solutions, including firewall protection, cloud security, and threat intelligence services. It serves a diverse clientele that includes enterprises, service providers, and government entities across various industries. Under the leadership of CEO Nikesh Arora, Palo Alto Networks continues to innovate in the cybersecurity space with a workforce of over 21,900 employees.

Bottom Line

First Citizens Bank & Trust's increased stake in Palo Alto Networks highlights the bank's confidence in the company's growth potential. Investors often track such filings to gauge institutional sentiment. It's important to remember that these 13F filings are backward-looking and may not reflect the current positions of the entities involved.