1,071,898 Palo Alto Networks, Inc. $PANW Shares Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Palo Alto Networks stake by 99.8%, selling 1,071,898 shares in the third quarter and retaining just 1,983 shares worth approximately $788,000.
• Institutional investors own 79.82% of PANW, with State Street, Bank of America and UBS increasing their positions while BlackRock and Legal & General initiated new stakes.
• Palo Alto Networks exceeded quarterly earnings and revenue estimates, reporting $1.02 EPS and $3.41 billion in revenue, while analysts maintain a “Moderate Buy” consensus with an average price target of $393.02.

Curated Wealth Partners LLC decreased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 99.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,983 shares of the network technology company's stock after selling 1,071,898 shares during the quarter. Curated Wealth Partners LLC's holdings in Palo Alto Networks were worth $788,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PANW. BlackRock Inc. bought a new stake in Palo Alto Networks in the 2nd quarter worth about $25,833,462,000. State Street Corp boosted its stake in shares of Palo Alto Networks by 4.2% in the 2nd quarter. State Street Corp now owns 36,979,497 shares of the network technology company's stock worth $12,610,748,000 after buying an additional 1,493,179 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Palo Alto Networks by 0.9% in the second quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company's stock worth $7,734,973,000 after acquiring an additional 205,123 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Palo Alto Networks by 8.7% in the second 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 acquiring an additional 706,003 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of Palo Alto Networks during the 2nd quarter valued at about $1,968,304,000. 79.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palo Alto Networks

In related news, CAO Josh Paul sold 400 shares of Palo Alto Networks stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $395.70, for a total value of $158,280.00. Following the completion of the sale, the chief accounting officer directly owned 77,987 shares in the company, valued at $30,859,455.90. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Dipak Golechha sold 27,500 shares of the company's stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the completion of the sale, the executive vice president directly owned 117,750 shares of the company's stock, valued at $46,110,900. The trade was a 18.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,210 shares of company stock worth $20,823,029 over the last quarter. Insiders own 1.40% of the company's stock.

Palo Alto Networks Trading Down 1.3%

Shares of PANW opened at $370.27 on Friday. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve 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 company's fifty day simple moving average is $373.10 and its 200-day simple moving average is $300.73. The company has a market cap of $302.88 billion, a P/E ratio of 726.03, a P/E/G ratio of 10.79 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm'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. As a group, analysts expect that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. BTIG Research upped their price objective on Palo Alto Networks from $404.00 to $425.00 and gave the stock a "buy" rating in a research note on Monday, September 28th. BNP Paribas Exane raised their price objective on shares of Palo Alto Networks from $380.00 to $400.00 and gave the company an "outperform" rating in a research report on Wednesday, September 2nd. Sanford C. Bernstein cut Palo Alto Networks from an "outperform" rating to a "market perform" rating and raised their price target for the company from $253.00 to $351.00 in a report on Thursday, September 17th. Barclays reissued an "overweight" rating and set a $375.00 target price (up from $370.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $450.00 price objective (up from $400.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Thirty-nine analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $393.02.

Palo Alto Networks Profile

Palo Alto Networks, Inc is a cybersecurity company that provides solutions designed to help organizations protect networks, endpoints, cloud environments, applications and users from cyber threats. Its offerings include next-generation firewalls, cloud-delivered security services, secure access service edge (SASE) solutions, endpoint protection and security operations tools.

The company also provides platforms and services for cloud security, threat intelligence, incident response, vulnerability management and the automation of security operations.

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