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

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 35.0% during the third quarter, Holdings Channel reports. The firm owned 1,018,050 shares of the network technology company’s stock after selling 547,694 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Palo Alto Networks were worth $404,481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PANW. Janney Montgomery Scott LLC increased its position in shares of Palo Alto Networks by 15.0% during the first quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company’s stock valued at $65,796,000 after buying an additional 53,485 shares during the period. B&D White Capital Company LLC bought a new position in Palo Alto Networks in the first quarter worth about $353,000. Bridgewater Advisors Inc. purchased a new stake in Palo Alto Networks in the second quarter worth about $2,159,000. Granite Islands Private Wealth LLC lifted its holdings in Palo Alto Networks by 43.6% in the first quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company’s stock worth $2,453,000 after buying an additional 4,659 shares during the period. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in Palo Alto Networks by 1.6% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 240,029 shares of the network technology company’s stock worth $95,366,000 after buying an additional 3,700 shares during the period. Institutional investors own 79.82% of the company’s stock.

Insider Transactions at Palo Alto Networks

In related news, CAO Josh Paul sold 400 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $395.70, for a total value of $158,280.00. Following the sale, the chief accounting officer owned 77,987 shares in the company, valued at $30,859,455.90. This represents a 0.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Dipak Golechha sold 27,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $391.60, for a total value of $10,769,000.00. Following the transaction, the executive vice president directly owned 117,750 shares of the company’s stock, valued at approximately $46,110,900. This trade represents a 18.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 54,210 shares of company stock worth $20,823,029. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

PANW has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $430.00 price objective (up from $350.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Scotiabank lowered Palo Alto Networks from a “sector outperform” rating to a “hold” rating in a research report on Wednesday, September 2nd. Wedbush began coverage on Palo Alto Networks in a research note on Friday, September 11th. They issued an “outperform” rating and a $400.00 target price for the company. New Street Research set a $415.00 price target on Palo Alto Networks in a research note on Tuesday, August 18th. Finally, Roth Capital reaffirmed a “neutral” rating and issued a $300.00 price target (up from $210.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $398.55.

Palo Alto Networks Trading Down 1.9%

NASDAQ:PANW opened at $340.28 on Wednesday. The firm has a market capitalization of $278.35 billion, a P/E ratio of 667.23, a PEG ratio of 9.99 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $432.33. The company’s 50-day simple moving average is $371.03 and its 200 day simple moving average is $304.63.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter last year, the firm earned $0.95 earnings per share. The business’s revenue for the quarter was up 34.5% on a year-over-year basis. 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. As a group, analysts forecast that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

Palo Alto Networks 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.