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

Denali Advisors LLC lowered its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 19.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 hedge funds have also recently added to or reduced their stakes in PANW. Dagco Inc. bought a new stake in Palo Alto Networks during the 1st quarter worth about $33,000. WPG Advisers LLC bought a new stake in Palo Alto Networks during the 1st quarter worth about $37,000. Strategic Investment Solutions Inc. IL lifted its position in Palo Alto Networks by 58.9% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock valued at $38,000 after purchasing an additional 83 shares during the period. Stonebridge Financial Group LLC lifted its position in Palo Alto Networks by 46.8% during the 1st quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company’s stock valued at $40,000 after purchasing an additional 74 shares during the period. Finally, Marshall & Sullivan Inc. WA acquired a new position in Palo Alto Networks during the 2nd quarter valued at about $41,000. Institutional investors own 79.82% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Nikesh Arora sold 846,408 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the completion of the sale, the chief executive officer directly owned 275,013 shares of the company’s stock, valued at approximately $56,119,152.78. This represents a 75.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total value of $1,020,950.00. Following the sale, the executive vice president directly owned 96,135 shares of the company’s stock, valued at approximately $19,629,805.65. The trade was a 4.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,315,130 shares of company stock worth $260,687,367 over the last ninety days. Company insiders own 2.50% of the company’s stock.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $214.40 on Wednesday. The company has a market capitalization of $143.41 billion, a price-to-earnings ratio of 133.58, a P/E/G ratio of 5.04 and a beta of 0.98. The firm’s 50 day simple moving average is $198.45 and its 200 day simple moving average is $191.16. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $217.94.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. Palo Alto Networks’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the company posted $0.75 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on PANW. Rosenblatt Securities cut their target price on shares of Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, August 14th. Bank of America upped their target price on shares of Palo Alto Networks from $215.00 to $240.00 and gave the company a “buy” rating in a research report on Monday. Piper Sandler upgraded shares of Palo Alto Networks from a “neutral” rating to an “overweight” rating and upped their target price for the company from $200.00 to $225.00 in a research report on Tuesday, August 12th. JMP Securities restated a “market outperform” rating and set a $212.00 target price on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Finally, BMO Capital Markets upped their target price on shares of Palo Alto Networks from $217.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, August 19th. Thirty investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.