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

Key Points

• Danske Bank acquired 498,959 Palo Alto Networks shares during the second quarter, worth approximately $170.2 million, giving it a 0.06% stake. Institutional investors collectively own 79.82% of PANW.
• Palo Alto Networks reported quarterly EPS of $0.85, beating estimates by $0.06, while revenue reached $3 billion—up 31.1% year over year and ahead of expectations.
• Insiders sold 100,839 shares worth about $27.1 million over the past three months. Despite those sales, analysts maintain a consensus “Moderate Buy” rating with an average price target of $351.56.

Danske Bank A S bought a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 498,959 shares of the network technology company's stock, valued at approximately $170,155,000. Danske Bank A S owned 0.06% of Palo Alto Networks at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Trilogy Capital Inc. boosted its holdings in shares of Palo Alto Networks by 1.8% in the second quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company's stock valued at $725,000 after acquiring an additional 37 shares in the last quarter. Wisconsin Wealth Advisors LLC raised its holdings in Palo Alto Networks by 1.2% during the second quarter. Wisconsin Wealth Advisors LLC now owns 3,206 shares of the network technology company's stock worth $1,093,000 after purchasing an additional 38 shares in the last quarter. Orrstown Financial Services Inc. raised its holdings in Palo Alto Networks by 1.2% during the second quarter. Orrstown Financial Services Inc. now owns 3,197 shares of the network technology company's stock worth $1,090,000 after purchasing an additional 38 shares in the last quarter. GSG Advisors LLC lifted its position in Palo Alto Networks by 0.4% in the first quarter. GSG Advisors LLC now owns 12,536 shares of the network technology company's stock worth $2,010,000 after purchasing an additional 51 shares during the period. Finally, Outfitters Financial LLC lifted its position in Palo Alto Networks by 1.7% in the fourth quarter. Outfitters Financial LLC now owns 3,265 shares of the network technology company's stock worth $601,000 after purchasing an additional 55 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Insider Transactions at Palo Alto Networks

In related news, CAO Josh D. Paul sold 1,100 shares of Palo Alto Networks 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 transaction, the chief accounting officer owned 81,636 shares of the company's stock, valued at approximately $23,272,790.88. This trade represents a 1.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John P. Key sold 7,500 shares of the business's 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 owned 12,500 shares in the company, valued at approximately $3,490,500. The trade was a 37.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 100,839 shares of company stock worth $27,079,580 in the last three months. Insiders own 1.40% of the company's stock.

Palo Alto Networks Stock Performance

PANW opened at $374.14 on Wednesday. The firm has a market cap of $304.92 billion, a PE ratio of 306.67, a P/E/G ratio of 12.89 and a beta of 0.91. 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 business has a fifty day simple moving average of $332.48 and a 200-day simple moving average of $238.39. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $398.88.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PANW. Weiss Ratings cut Palo Alto Networks from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, June 4th. Morgan Stanley set a $400.00 price objective on Palo Alto Networks in a report on Monday. Robert W. Baird set a $320.00 target price on Palo Alto Networks in a research note on Wednesday, June 3rd. Capital One Financial set a $421.00 target price on Palo Alto Networks and gave the stock an "overweight" rating in a report on Thursday, July 16th. Finally, BMO Capital Markets boosted their price target on shares of Palo Alto Networks from $270.00 to $335.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Palo Alto Networks currently has a consensus rating of "Moderate Buy" and an average price target of $351.56.

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.

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