83,940 Palo Alto Networks, Inc. $PANW Shares Sold by Trillium Asset Management LLC

Key Points

• Trillium Asset Management cut its Palo Alto Networks stake by 29.2%, selling 83,940 shares in the third quarter. It retained 203,448 shares, valued at about $80.8 million.
• Palo Alto reported quarterly EPS of $1.02, topping the $0.98 consensus, while revenue rose 34.5% year over year to $3.41 billion.
• Analysts hold a Moderate Buy consensus, with an average price target of $397.12; the shares were trading at $322.24 in Friday’s session.

Trillium Asset Management LLC reduced its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 29.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,448 shares of the network technology company's stock after selling 83,940 shares during the period. Palo Alto Networks accounts for approximately 2.6% of Trillium Asset Management LLC's portfolio, making the stock its 5th biggest holding. Trillium Asset Management LLC's holdings in Palo Alto Networks were worth $80,833,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Palo Alto Networks during the 2nd quarter worth about $25,833,462,000. State Street Corp increased its holdings 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 acquiring an additional 1,493,179 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Palo Alto Networks by 0.9% in 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 acquiring an additional 205,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Palo Alto Networks by 8.7% in 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 acquiring an additional 706,003 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Palo Alto Networks by 41.5% in the 3rd quarter. Fisher Asset Management LLC now owns 8,142,895 shares of the network technology company's stock valued at $3,235,254,000 after acquiring an additional 2,386,906 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Key Stories Impacting Palo Alto Networks

These are some of the PANW stories that stood out recently:

• Positive Sentiment: Palo Alto’s AI-security tool was described as the company’s fastest product ramp, highlighting adoption momentum in a growth area. CIBC also included PANW among its post-election stock picks. Palo Alto Networks AI security tool became the company’s fastest product ramp
• Neutral Sentiment: Jefferies lowered its price target from $450 to $400 but maintained a Buy rating, leaving the analyst positive while signaling a more cautious valuation view. Jefferies analyst recommendations
• Neutral Sentiment: PANW was also noted as a holding in Jim Cramer’s Charitable Trust. This is a visibility signal, but the article provides no new company-specific operating or financial catalyst. A Jim Cramer’s Trust Stock Is Using AI to Breaks the Defenses It Helps Protect

Insider Buying and Selling

In other news, Director James Goetz sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total transaction of $7,533,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Josh Paul sold 900 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $373.68, for a total value of $336,312.00. Following the completion of the sale, the chief accounting officer directly owned 72,484 shares of the company's stock, valued at $27,085,821.12. This represents a 1.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 54,210 shares of company stock worth $20,823,029. 0.55% of the stock is currently owned by company insiders.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock traded down $0.42 during trading on Friday, reaching $322.24. The company's stock had a trading volume of 5,278,636 shares, compared to its average volume of 6,260,294. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $432.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $263.84 billion, a price-to-earnings ratio of 631.86, a price-to-earnings-growth ratio of 9.25 and a beta of 0.96. The business's fifty day moving average price is $367.50 and its 200-day moving average price is $277.20.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced 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 firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the company earned $0.95 EPS. The firm's revenue for the quarter 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, equities research analysts predict that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PANW. Deutsche Bank restated a "buy" rating and issued a $430.00 target price (up from $350.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. The Goldman Sachs Group reiterated a "buy" rating and set a $390.00 price target (up from $371.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Susquehanna lifted their price target on shares of Palo Alto Networks from $350.00 to $415.00 and gave the company a "positive" rating in a research report on Wednesday, September 2nd. Stephens set a $400.00 price objective on shares of Palo Alto Networks and gave the stock an "equal weight" rating in a research note on Wednesday, September 2nd. Finally, BTIG Research boosted their price objective on shares of Palo Alto Networks from $404.00 to $425.00 and gave the stock a "buy" rating in a research note on Monday, September 28th. Forty research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $397.12.

About Palo Alto Networks

Palo Alto Networks, Inc. is a cybersecurity company that provides products and services to help organizations protect their networks, cloud environments, devices and applications. Its offerings include next-generation firewalls, cloud security tools, secure access services and platforms for detecting and responding to cyber threats. The company's product portfolio includes Prisma for cloud and network security and Cortex for security operations, including threat detection and response. It also provides cybersecurity consulting and incident-response services through Unit 42.

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