547,694 Palo Alto Networks, Inc. $PANW Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 35.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,018,050 shares of the network technology company’s stock after selling 547,694 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.12% of Palo Alto Networks worth $404,481,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Palo Alto Networks in the 2nd quarter worth about $25,833,462,000. State Street Corp increased its position in shares of Palo Alto Networks by 4.2% during the 2nd quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock valued at $12,610,748,000 after purchasing an additional 1,493,179 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Palo Alto Networks by 0.9% during the 2nd quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock valued at $7,734,973,000 after buying an additional 205,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Palo Alto Networks by 8.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company’s stock valued at $2,993,802,000 after buying an additional 706,003 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Palo Alto Networks by 4.4% during the 1st quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company’s stock valued at $1,036,648,000 after buying an additional 273,103 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PANW. HSBC dropped their target price on Palo Alto Networks from $201.00 to $190.00 in a research report on Thursday, September 3rd. Loop Capital increased their price target on shares of Palo Alto Networks from $290.00 to $350.00 and gave the company a “hold” rating in a research report on Friday, August 21st. Phillip Securities downgraded shares of Palo Alto Networks from a “moderate buy” rating to a “hold” rating and lifted their price target for the stock from $320.00 to $346.00 in a research note on Monday, September 7th. Morgan Stanley set a $410.00 price target on shares of Palo Alto Networks and gave the stock an “overweight” rating in a research note on Monday, September 21st. Finally, Scotiabank lowered shares of Palo Alto Networks from a “sector outperform” rating to a “hold” rating in a report on Wednesday, September 2nd. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus price target of $398.55.

Palo Alto Networks Stock Down 1.9%

PANW opened at $340.28 on Wednesday. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $432.33. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average price is $371.03 and its 200-day moving average price is $304.63. The company has a market cap of $278.35 billion, a P/E ratio of 667.23, a P/E/G ratio of 9.99 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the prior year, the business posted $0.95 EPS. Palo Alto Networks’s quarterly revenue was up 34.5% compared to the same quarter last year. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. On average, equities analysts expect that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Insider Transactions at Palo Alto Networks

In other news, CAO Josh Paul sold 400 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $395.70, for a total transaction of $158,280.00. Following the completion of the sale, the chief accounting officer owned 77,987 shares of the company’s stock, valued at approximately $30,859,455.90. This represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John P. Key sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $376.03, for a total transaction of $940,075.00. Following the completion of the transaction, the director owned 10,000 shares in the company, valued at $3,760,300. This represents a 20.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 54,210 shares of company stock valued at $20,823,029. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc (NASDAQ:PANW) is a global cybersecurity company that helps organizations protect networks, cloud environments, endpoints, and digital infrastructure. Its offerings are designed to prevent cyberattacks, identify security risks, monitor activity, and support incident response across enterprise, government, and service-provider environments.

The company’s portfolio includes network security products such as next-generation firewalls and security operations tools; Prisma, its cloud security platform; and Cortex, a suite focused on endpoint protection, threat detection, security analytics, and automated response.