Hennion & Walsh Asset Management Inc. Sells 2,651 Shares of Palo Alto Networks, Inc. $PANW

Hennion & Walsh Asset Management Inc. decreased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 4.6% during the second quarter, HoldingsChannel.com reports. The firm owned 55,556 shares of the network technology company’s stock after selling 2,651 shares during the quarter. Palo Alto Networks makes up about 0.5% of Hennion & Walsh Asset Management Inc.’s holdings, making the stock its 29th biggest holding. Hennion & Walsh Asset Management Inc.’s holdings in Palo Alto Networks were worth $18,946,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank bought a new position in shares of Palo Alto Networks in the fourth quarter worth about $1,415,364,000. Bank of America Corp DE lifted its holdings in Palo Alto Networks by 16.0% during the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock valued at $3,603,473,000 after buying an additional 3,101,267 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Palo Alto Networks by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock valued at $12,512,533,000 after buying an additional 2,659,100 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in Palo Alto Networks by 1,665.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,761,909 shares of the network technology company’s stock valued at $442,788,000 after buying an additional 2,605,433 shares during the period. Finally, Amundi boosted its position in Palo Alto Networks by 67.1% in the 1st quarter. Amundi now owns 6,297,833 shares of the network technology company’s stock valued at $1,009,669,000 after buying an additional 2,528,299 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on PANW. Needham & Company LLC raised their target price 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. Wolfe Research reiterated an “outperform” rating and issued a $320.00 price target on shares of Palo Alto Networks in a report on Wednesday, June 3rd. TD Cowen reissued a “buy” rating on shares of Palo Alto Networks in a research note on Thursday. BMO Capital Markets raised their price objective on Palo Alto Networks from $270.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Finally, BTIG Research lifted their target price on Palo Alto Networks from $333.00 to $380.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $333.76.

Palo Alto Networks Trading Up 1.2%

NASDAQ:PANW opened at $363.86 on Friday. The stock has a market capitalization of $296.55 billion, a price-to-earnings ratio of 298.25, a PEG ratio of 12.21 and a beta of 0.91. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $376.98. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $317.88 and a 200 day moving average of $228.20.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.06. The business had revenue of $3 billion for 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%. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the previous year, the company 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. As a group, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Activity

In other Palo Alto Networks news, CAO Josh D. Paul sold 1,100 shares of the 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 directly owned 81,636 shares in the company, valued at approximately $23,272,790.88. This trade represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the completion of the sale, the executive vice president directly owned 145,250 shares of the company’s stock, valued at approximately $42,058,590. This represents a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 101,239 shares of company stock worth $27,174,360 over the last quarter. Company insiders own 1.40% of the company’s stock.

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.