Securian Asset Management Inc. Has $7.08 Million Stock Position in Palo Alto Networks, Inc. $PANW

Securian Asset Management Inc. trimmed its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.2% during the second quarter, Holdings Channel reports. The firm owned 34,577 shares of the network technology company’s stock after selling 417 shares during the period. Securian Asset Management Inc.’s holdings in Palo Alto Networks were worth $7,076,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Palo Alto Networks in the first quarter valued at approximately $261,000. Strive Asset Management LLC raised its stake in shares of Palo Alto Networks by 16.6% in the first quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company’s stock valued at $358,000 after acquiring an additional 299 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Palo Alto Networks by 10.8% in the first quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company’s stock valued at $2,410,000 after acquiring an additional 1,374 shares during the last quarter. Avity Investment Management Inc. raised its stake in shares of Palo Alto Networks by 37.9% in the second quarter. Avity Investment Management Inc. now owns 181,691 shares of the network technology company’s stock valued at $37,181,000 after acquiring an additional 49,971 shares during the last quarter. Finally, Czech National Bank raised its stake in shares of Palo Alto Networks by 6.4% in the second quarter. Czech National Bank now owns 161,840 shares of the network technology company’s stock valued at $33,119,000 after acquiring an additional 9,766 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock opened at $211.82 on Tuesday. The firm has a fifty day moving average of $197.67 and a two-hundred day moving average of $191.00. The stock has a market capitalization of $141.69 billion, a price-to-earnings ratio of 131.98, a PEG ratio of 4.94 and a beta of 0.98. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $217.94.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the previous 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. As a group, research analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the completion of the sale, the executive vice president owned 96,135 shares in the company, valued at approximately $19,629,805.65. The trade was a 4.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the sale, the executive vice president owned 3,143,516 shares of the company’s stock, valued at approximately $543,199,564.80. This represents a 3.08% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,315,130 shares of company stock worth $260,687,367. 2.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PANW shares. BTIG Research upgraded shares of Palo Alto Networks from a “neutral” rating to a “buy” rating in a research note on Monday, October 13th. UBS Group set a $245.00 price objective on shares of Palo Alto Networks in a research report on Friday, September 26th. Sanford C. Bernstein set a $207.00 price objective on shares of Palo Alto Networks and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Guggenheim boosted their price objective 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 cut shares of Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 31st. Thirty research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $216.60.

Palo Alto Networks Profile

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.