Denali Advisors LLC Sells 6,379 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Denali Advisors LLC reduced its stake in Palo Alto Networks by 19.6%, selling 6,379 shares in the second quarter, now holding 26,249 shares valued at $5.37 million.
• Insider transactions include EVP Dipak Golechha selling 5,000 shares for over $1 million, decreasing his position by 4.94%.
• Palo Alto Networks reported $2.54 billion in revenue, exceeding analyst expectations, with a 12.30% net margin and guidance set for FY 2026 EPS between 3.750 and 3.850.

Denali Advisors LLC decreased its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 19.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,249 shares of the network technology company's stock after selling 6,379 shares during the quarter. Denali Advisors LLC's holdings in Palo Alto Networks were worth $5,372,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PANW. St. Clair Advisors LLC increased its position in Palo Alto Networks by 0.3% during the second quarter. St. Clair Advisors LLC now owns 15,800 shares of the network technology company's stock worth $3,233,000 after acquiring an additional 50 shares during the period. Astoria Portfolio Advisors LLC. increased its position in Palo Alto Networks by 2.1% during the second quarter. Astoria Portfolio Advisors LLC. now owns 2,467 shares of the network technology company's stock worth $496,000 after acquiring an additional 50 shares during the period. Csenge Advisory Group increased its position in Palo Alto Networks by 2.4% during the first quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company's stock worth $381,000 after acquiring an additional 53 shares during the period. TFG Advisers LLC increased its position in Palo Alto Networks by 1.1% during the second quarter. TFG Advisers LLC now owns 4,668 shares of the network technology company's stock worth $955,000 after acquiring an additional 53 shares during the period. Finally, GSG Advisors LLC increased its position in Palo Alto Networks by 0.4% during the first quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company's stock worth $2,154,000 after acquiring an additional 54 shares during the period. Institutional investors own 79.82% of the company's stock.

Insiders Place Their Bets

In other news, EVP Dipak Golechha sold 5,000 shares of the company's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total value of $1,020,950.00. Following the sale, the executive vice president owned 96,135 shares of the company's stock, valued at approximately $19,629,805.65. This represents a 4.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Josh D. Paul sold 700 shares of the company's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $202.16, for a total transaction of $141,512.00. Following the completion of the sale, the chief accounting officer directly owned 32,474 shares in the company, valued at approximately $6,564,943.84. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,315,130 shares of company stock worth $260,687,367 in the last quarter. 2.50% of the stock is owned by corporate insiders.

Palo Alto Networks Price Performance

Shares of Palo Alto Networks stock opened at $214.40 on Wednesday. The company's fifty day moving average price is $198.45 and its two-hundred day moving average price is $191.16. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $217.94. The firm has a market capitalization of $143.41 billion, a PE ratio of 133.58, a price-to-earnings-growth ratio of 5.04 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The firm's quarterly revenue was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PANW has been the topic of a number of research reports. UBS Group set a $245.00 target price on shares of Palo Alto Networks in a research report on Friday, September 26th. Wedbush reaffirmed an "outperform" rating and set a $225.00 target price on shares of Palo Alto Networks in a research report on Monday, September 15th. Scotiabank boosted their target price on shares of Palo Alto Networks from $225.00 to $228.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, August 19th. Guggenheim boosted their target price on shares of Palo Alto Networks from $130.00 to $135.00 and gave the stock a "sell" rating in a research report on Tuesday, August 19th. Finally, KeyCorp lowered shares of Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a report on Thursday, July 31st. Thirty equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $217.22.

About Palo Alto Networks

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.

Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.