Palo Alto Networks, Inc. $PANW Stake Lessened by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 25.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 537,550 shares of the network technology company’s stock after selling 186,097 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.07% of Palo Alto Networks worth $183,315,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PANW. Norges Bank bought a new stake in shares of Palo Alto Networks in the 4th quarter worth about $1,415,364,000. Bank of America Corp DE lifted 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 last quarter. Vanguard Group Inc. grew its stake in Palo Alto Networks by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock worth $12,512,533,000 after purchasing an additional 2,659,100 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in Palo Alto Networks by 1,665.1% in the first 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 purchasing an additional 2,605,433 shares in the last quarter. Finally, Amundi increased its holdings in Palo Alto Networks by 67.1% in the first quarter. Amundi now owns 6,297,833 shares of the network technology company’s stock valued at $1,009,669,000 after buying an additional 2,528,299 shares during the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

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 101,239 shares of company stock worth $27,174,360 in the last three months. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Up 5.8%

Palo Alto Networks stock opened at $385.04 on Tuesday. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $385.17. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $319.57 and its two-hundred day moving average price is $229.90. The stock has a market cap of $313.81 billion, a price-to-earnings ratio of 315.61, a PEG ratio of 12.21 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating 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%.The company’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. On average, analysts expect that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on PANW shares. Stephens upped their price objective on Palo Alto Networks from $180.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. TD Cowen reiterated a “buy” rating on shares of Palo Alto Networks in a research report on Thursday. Argus set a $425.00 price target on Palo Alto Networks in a report on Tuesday, July 21st. Cantor Fitzgerald set a $340.00 price target on Palo Alto Networks and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Finally, BNP Paribas Exane raised their price objective on Palo Alto Networks from $330.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. 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 issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $333.76.

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.