310,618 Palo Alto Networks, Inc. $PANW Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Key Points

• Bank Julius Baer reduced its Palo Alto Networks stake by 38.4% in the third quarter, selling 310,618 shares and retaining 497,413 shares valued at approximately $197.1 million.
• Palo Alto Networks reported quarterly revenue of $3.41 billion, up 34.5% year over year, and earnings of $1.02 per share, exceeding analyst expectations.
• Analyst sentiment remains positive, with 39 Buy ratings and 11 Holds; the stock has an overall “Moderate Buy” rating and an average price target of $398.55.

Bank Julius Baer & Co. Ltd Zurich decreased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 38.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 497,413 shares of the network technology company's stock after selling 310,618 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.06% of Palo Alto Networks worth $197,052,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Palo Alto Networks in the second quarter valued at approximately $25,833,462,000. Legal & General Group Plc acquired a new position in shares of Palo Alto Networks in the 2nd quarter valued at $1,968,304,000. Bank of New York Mellon Corp acquired a new position in shares of Palo Alto Networks in the 2nd quarter valued at $1,569,755,000. Deutsche Bank AG purchased a new stake in Palo Alto Networks in the 2nd quarter valued at $1,481,236,000. Finally, Bank of America Corp DE raised its position in Palo Alto Networks by 16.0% in the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company's stock valued at $3,603,473,000 after purchasing an additional 3,101,267 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $365.87 on Monday. The business's fifty day moving average price is $372.15 and its 200 day moving average price is $269.89. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $432.33. The firm has a market capitalization of $299.56 billion, a PE ratio of 717.41, a P/E/G ratio of 10.49 and a beta of 0.96. 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 (NASDAQ:PANW - Get Free Report) last announced its quarterly 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 return on equity of 8.50% and a net margin of 2.67%. The business had revenue of $3.41 billion during the quarter, compared to analysts' expectations of $3.35 billion. During the same quarter last year, the business posted $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, sell-side analysts forecast that Palo Alto Networks, Inc. will post 2.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PANW. Wells Fargo & Company reissued an "overweight" rating and set a $525.00 price objective (up from $475.00) on shares of Palo Alto Networks in a research report on Monday, October 12th. Barclays reaffirmed an "overweight" rating and set a $375.00 price objective (up from $370.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Oppenheimer reaffirmed an "outperform" rating and set a $450.00 price objective (up from $400.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Phillip Securities lowered Palo Alto Networks from a "moderate buy" rating to a "hold" rating and boosted their target price for the company from $320.00 to $346.00 in a report on Monday, September 7th. Finally, UBS Group reaffirmed a "neutral" rating and set a $390.00 price target (up from $300.00) on shares of Palo Alto Networks in a report on Wednesday, August 19th. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, Palo Alto Networks presently has an average rating of "Moderate Buy" and an average price target of $398.55.

Insider Transactions at Palo Alto Networks

In other news, CAO Josh D. Paul sold 900 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $373.68, for a total transaction of $336,312.00. Following the transaction, the chief accounting officer directly owned 72,484 shares in the company, valued at $27,085,821.12. This represents a 1.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Aparna Bawa sold 1,000 shares of the business's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $373.61, for a total transaction of $373,610.00. Following the completion of the sale, the director owned 5,437 shares of the company's stock, valued at approximately $2,031,317.57. The trade was a 15.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 54,210 shares of company stock valued at $20,823,029. Corporate insiders own 0.55% of the company's stock.

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.

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