Danske Bank A S Takes Position in Palo Alto Networks, Inc. $PANW

Danske Bank A S bought a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 2nd quarter, HoldingsChannel reports. The fund bought 498,959 shares of the network technology company’s stock, valued at approximately $170,155,000.

A number of other institutional investors and hedge funds have also modified their holdings of PANW. BlackRock Inc. purchased a new stake in Palo Alto Networks in the 2nd quarter worth about $25,833,462,000. Norges Bank purchased a new position in Palo Alto Networks during the 4th quarter valued at about $1,415,364,000. Bank of New York Mellon Corp purchased a new position in Palo Alto Networks during the 2nd quarter valued at about $1,569,755,000. Deutsche Bank AG acquired a new position in shares of Palo Alto Networks in the 2nd quarter valued at about $1,481,236,000. Finally, Bank of America Corp DE increased its holdings in shares of Palo Alto Networks by 16.0% in 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 purchasing an additional 3,101,267 shares during the period. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the completion of the transaction, the executive vice president owned 145,250 shares of the company’s stock, valued at $42,058,590. The trade was a 3.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lee Klarich sold 62,904 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the sale, the executive vice president owned 235,983 shares of the company’s stock, valued at $61,037,002.95. This trade represents a 21.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 100,839 shares of company stock worth $27,079,580 in the last ninety days. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on PANW shares. TD Cowen raised their price target on shares of Palo Alto Networks from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings lowered shares of Palo Alto Networks from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $434.00 target price (up from $330.00) on shares of Palo Alto Networks in a research report on Friday. Jefferies Financial Group set a $335.00 target price on shares of Palo Alto Networks and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Finally, UBS Group set a $300.00 price target on shares of Palo Alto Networks and gave the company a “neutral” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and an average price target of $351.56.

Palo Alto Networks Stock Down 0.4%

Shares of PANW stock opened at $374.14 on Wednesday. The stock’s 50 day simple moving average is $332.48 and its 200 day simple moving average is $238.39. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $398.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $304.92 billion, a price-to-earnings ratio of 306.67, a PEG ratio of 12.89 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company posted $0.37 earnings per share. The company’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. As a group, research analysts predict that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

Palo Alto Networks 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.