ABN AMRO Bank N.V. Makes New $281.59 Million Investment in Palo Alto Networks, Inc. $PANW

Key Points

• ABN AMRO Bank initiated a $281.6 million position in Palo Alto Networks by purchasing 826,889 shares, making PANW its sixth-largest holding and 3.6% of its portfolio.
• Palo Alto Networks reported quarterly revenue of $3 billion, up 31.1% year over year, and earnings of $0.85 per share, exceeding analyst expectations of $0.79.
• Institutional ownership remains high at 79.82%, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $339.61; the stock recently traded at $384.27.

ABN AMRO Bank N.V. bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 826,889 shares of the network technology company's stock, valued at approximately $281,590,000. Palo Alto Networks makes up 3.6% of ABN AMRO Bank N.V.'s investment portfolio, making the stock its 6th biggest holding. ABN AMRO Bank N.V. owned 0.10% of Palo Alto Networks as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Palo Alto Networks by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company's stock valued at $12,512,533,000 after acquiring an additional 2,659,100 shares in the last quarter. State Street Corp raised its position in Palo Alto Networks by 2.0% in the fourth quarter. State Street Corp now owns 30,331,705 shares of the network technology company's stock valued at $5,587,100,000 after purchasing an additional 594,789 shares during the last quarter. Bank of America Corp DE raised its position in Palo Alto Networks by 16.0% in the first 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. Geode Capital Management LLC boosted its stake in shares of Palo Alto Networks by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company's stock valued at $2,934,935,000 after purchasing an additional 540,756 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Palo Alto Networks during the fourth quarter valued at about $1,415,364,000. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Trading Down 3.0%

NASDAQ:PANW opened at $384.27 on Friday. The firm's fifty day moving average is $328.02 and its 200-day moving average is $235.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $398.88. The firm has a market cap of $313.18 billion, a P/E ratio of 314.98, a P/E/G ratio of 12.89 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the prior year, the company posted $0.37 earnings per share. Palo Alto Networks's revenue for the quarter was up 31.1% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. Equities analysts expect that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, Director Helle Thorning-Schmidt sold 700 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total value of $242,795.00. Following the completion of the sale, the director directly owned 5,898 shares in the company, valued at approximately $2,045,721.30. The trade was a 10.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total value of $1,447,800.00. Following the completion of the transaction, the executive vice president directly owned 145,250 shares in the company, valued at approximately $42,058,590. This trade represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 101,239 shares of company stock worth $27,174,360 over the last quarter. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PANW has been the subject of several recent research reports. Loop Capital upped their price objective on Palo Alto Networks from $160.00 to $290.00 and gave the company a "hold" rating in a research note on Wednesday, June 3rd. Royal Bank Of Canada reiterated an "outperform" rating and set a $434.00 target price (up from $330.00) on shares of Palo Alto Networks in a research report on Friday. Jefferies Financial Group set a $335.00 target price on shares of Palo Alto Networks and gave the stock a "buy" rating in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Palo Alto Networks from $220.00 to $350.00 and gave the company a "buy" rating in a research report on Wednesday, June 3rd. Finally, Susquehanna reaffirmed a "positive" rating and set a $350.00 price target (up from $200.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $339.61.

Palo Alto Networks Company Profile

Palo Alto Networks NASDAQ: PANW is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company's product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.

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