Curi RMB Capital LLC Sells 30,982 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Curi RMB Capital LLC reduced its stake in Palo Alto Networks by 13.6%, selling 30,982 shares and leaving it with 197,505 shares valued at approximately $33.7 million.
• Several institutional investors have made significant moves regarding Palo Alto Networks, with Nuveen LLC acquiring a new position valued at about $810 million in the first quarter.
• Palo Alto Networks recently reported earnings surpassing expectations, with a net margin of 12.3% and revenue growth of 15.8% year-over-year, while setting its FY 2026 EPS guidance between 3.750-3.850.

Curi RMB Capital LLC lowered its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 13.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 197,505 shares of the network technology company's stock after selling 30,982 shares during the quarter. Palo Alto Networks comprises 0.8% of Curi RMB Capital LLC's portfolio, making the stock its 26th largest position. Curi RMB Capital LLC's holdings in Palo Alto Networks were worth $33,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of PANW. Nuveen LLC bought a new position in Palo Alto Networks during the first quarter valued at approximately $810,047,000. Nuveen Asset Management LLC increased its stake in shares of Palo Alto Networks by 98.0% in the fourth quarter. Nuveen Asset Management LLC now owns 6,158,580 shares of the network technology company's stock worth $1,120,615,000 after purchasing an additional 3,047,625 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Palo Alto Networks by 92.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,951,283 shares of the network technology company's stock valued at $1,082,895,000 after acquiring an additional 2,862,718 shares in the last quarter. GAMMA Investing LLC lifted its position in Palo Alto Networks by 18,802.8% during the first quarter. GAMMA Investing LLC now owns 2,410,290 shares of the network technology company's stock valued at $411,292,000 after purchasing an additional 2,397,539 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Palo Alto Networks by 41.9% during the first quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company's stock valued at $1,234,650,000 after purchasing an additional 2,134,735 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company's stock.

Insider Activity

In other news, EVP Lee Klarich sold 120,774 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $171.58, for a total value of $20,722,402.92. Following the completion of the transaction, the executive vice president owned 206,718 shares in the company, valued at $35,468,674.44. This trade represents a 36.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the completion of the transaction, the executive vice president owned 101,135 shares of the company's stock, valued at $20,414,099.75. This represents a 4.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 448,648 shares of company stock valued at $83,548,499. Corporate insiders own 2.50% of the company's stock.

Palo Alto Networks Stock Up 0.5%

Shares of NASDAQ:PANW opened at $191.53 on Thursday. The firm's 50 day moving average price is $188.66 and its 200 day moving average price is $185.99. The stock has a market cap of $127.71 billion, a price-to-earnings ratio of 119.33, a price-to-earnings-growth ratio of 4.55 and a beta of 0.98. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company had revenue of $2.54 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the company earned $0.75 earnings per share. The firm's revenue for the quarter was up 15.8% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, equities analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Wall Street Analysts Forecast Growth

PANW has been the subject of a number of research analyst reports. Westpark Capital reiterated a "hold" rating on shares of Palo Alto Networks in a report on Tuesday, August 19th. Barclays reissued an "overweight" rating and set a $215.00 target price (up previously from $210.00) on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Wedbush reaffirmed an "outperform" rating and issued a $225.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Piper Sandler raised shares of Palo Alto Networks from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $200.00 to $225.00 in a report on Tuesday, August 12th. Finally, Stephens restated an "equal weight" rating and set a $205.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Twenty-eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $211.68.

Palo Alto Networks Profile

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.

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