Hennion & Walsh Asset Management Inc. Decreases Stock Position in Palo Alto Networks, Inc. $PANW

Hennion & Walsh Asset Management Inc. lessened its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 4.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,556 shares of the network technology company’s stock after selling 2,651 shares during the period. Palo Alto Networks accounts for approximately 0.5% of Hennion & Walsh Asset Management Inc.’s holdings, making the stock its 29th biggest position. Hennion & Walsh Asset Management Inc.’s holdings in Palo Alto Networks were worth $18,946,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Palo Alto Networks in the fourth quarter worth about $1,415,364,000. Bank of America Corp DE grew its holdings in Palo Alto Networks by 16.0% during 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 buying an additional 3,101,267 shares in the last quarter. Vanguard Group Inc. increased its stake in Palo Alto Networks by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock worth $12,512,533,000 after acquiring an additional 2,659,100 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Palo Alto Networks by 1,665.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,761,909 shares of the network technology company’s stock worth $442,788,000 after acquiring an additional 2,605,433 shares during the last quarter. Finally, Amundi raised its holdings in shares of Palo Alto Networks by 67.1% during the 1st quarter. Amundi now owns 6,297,833 shares of the network technology company’s stock worth $1,009,669,000 after acquiring an additional 2,528,299 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PANW shares. William Blair reiterated an “outperform” rating on shares of Palo Alto Networks in a research report on Tuesday, June 16th. Susquehanna restated a “positive” rating and issued a $350.00 price target (up from $200.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Berenberg Bank increased their price objective on shares of Palo Alto Networks from $290.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. 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 note on Wednesday, June 3rd. Finally, Weiss Ratings cut shares of Palo Alto Networks from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. One 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.76.

Insider Transactions at Palo Alto Networks

In other news, CAO Josh D. Paul sold 900 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total value of $310,500.00. Following the completion of the sale, the chief accounting officer owned 79,644 shares in the company, valued at approximately $27,477,180. This trade represents a 1.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Aparna Bawa sold 290 shares of Palo Alto Networks stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $348.74, for a total transaction of $101,134.60. Following the transaction, the director directly owned 6,437 shares of the company’s stock, valued at approximately $2,244,839.38. This represents a 4.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 101,239 shares of company stock worth $27,174,360. 1.40% of the stock is currently owned by insiders.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $363.86 on Friday. The business’s 50 day moving average price is $317.88 and its 200-day moving average price is $228.20. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $376.98. The company has a market cap of $296.55 billion, a P/E ratio of 298.25, a P/E/G ratio of 12.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly 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 company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.Palo Alto Networks’s revenue was up 31.1% on a year-over-year basis. During the same period last year, the company earned $0.37 earnings per share. 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. Sell-side analysts predict that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

About Palo Alto Networks

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.