Danica Pension Livsforsikringsaktieselskab Purchases New Stake in Palo Alto Networks, Inc. $PANW

Danica Pension Livsforsikringsaktieselskab bought a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) during the second quarter, Holdings Channel reports. The institutional investor bought 21,501 shares of the network technology company’s stock, valued at approximately $7,332,000.

A number of other hedge funds also recently added to or reduced their stakes in PANW. BlackRock Inc. acquired a new position in shares of Palo Alto Networks during the second quarter worth approximately $25,833,462,000. Norges Bank bought a new position in Palo Alto Networks during the fourth quarter valued at about $1,415,364,000. Bank of New York Mellon Corp acquired a new position in shares of Palo Alto Networks in the 2nd quarter worth approximately $1,569,755,000. Deutsche Bank AG acquired a new position in Palo Alto Networks in the second quarter worth approximately $1,481,236,000. Finally, Bank of America Corp DE raised its position in shares of Palo Alto Networks by 16.0% during the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock worth $3,603,473,000 after purchasing an additional 3,101,267 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the sale, the director owned 20,000 shares in the company, valued at $5,598,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Aparna Bawa sold 290 shares of Palo Alto Networks stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $348.74, for a total transaction of $101,134.60. Following the sale, the director owned 6,437 shares in the company, valued at approximately $2,244,839.38. This trade represents a 4.31% 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 valued at $27,079,580 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PANW has been the topic of a number of recent analyst reports. TD Cowen boosted their price target on shares of Palo Alto Networks from $360.00 to $400.00 and gave the company a “buy” rating in a report on Monday. Loop Capital lifted their price objective on shares of Palo Alto Networks from $160.00 to $290.00 and gave the stock a “hold” rating in a research report on Wednesday, June 3rd. Barclays reiterated an “overweight” rating and set a $370.00 price objective (up from $315.00) on shares of Palo Alto Networks in a research report on Wednesday, August 5th. Wells Fargo & Company restated an “overweight” rating and issued a $475.00 target price (up from $420.00) on shares of Palo Alto Networks in a report on Monday. Finally, Citizens Jmp raised their target price on Palo Alto Networks from $320.00 to $415.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $351.56.

Palo Alto Networks Trading Down 0.4%

Palo Alto Networks stock opened at $374.14 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick 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, Inc. has a one year low of $139.57 and a one year high of $398.88. The company’s fifty day moving average price is $332.48 and its two-hundred day moving average price is $238.39.

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