LGT Capital Partners LTD. Sells 45,483 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• LGT Capital Partners LTD. cut its Palo Alto Networks stake by 17% in the fourth quarter, selling 45,483 shares and leaving it with 221,933 shares valued at about $40.9 million.
• Several major institutional investors remain heavily invested in PANW, with Vanguard, State Street, and Geode all increasing holdings; institutions now own 79.82% of the company.
• Palo Alto Networks posted strong quarterly results, with EPS of $0.85 and revenue of $3.0 billion, both ahead of expectations, while analysts maintain a Moderate Buy consensus and a $306.59 target price.

LGT Capital Partners LTD. lessened its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 17.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 221,933 shares of the network technology company's stock after selling 45,483 shares during the quarter. Palo Alto Networks makes up approximately 2.0% of LGT Capital Partners LTD.'s holdings, making the stock its 19th biggest holding. LGT Capital Partners LTD.'s holdings in Palo Alto Networks were worth $40,880,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Palo Alto Networks by 4.1% in 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 purchasing an additional 2,659,100 shares during the last quarter. State Street Corp boosted its stake in Palo Alto Networks by 1.7% during the 3rd quarter. State Street Corp now owns 29,736,916 shares of the network technology company's stock worth $6,055,031,000 after acquiring an additional 505,924 shares during the last quarter. Geode Capital Management LLC boosted its stake in Palo Alto Networks by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company's stock worth $2,934,935,000 after acquiring an additional 540,756 shares during the last quarter. Norges Bank bought a new position in Palo Alto Networks during the 4th quarter worth approximately $1,415,364,000. Finally, Northern Trust Corp boosted its stake in Palo Alto Networks by 0.5% during the 3rd quarter. Northern Trust Corp now owns 7,528,248 shares of the network technology company's stock worth $1,532,902,000 after acquiring an additional 36,511 shares during the last quarter. Institutional investors own 79.82% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on PANW. The Goldman Sachs Group reissued a "buy" rating and set a $330.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. DA Davidson lifted their price objective on shares of Palo Alto Networks from $190.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, June 3rd. Stephens lifted their price objective on shares of Palo Alto Networks from $180.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Palo Alto Networks from $220.00 to $350.00 and gave the stock a "buy" rating in a research note on Wednesday, June 3rd. Finally, Stifel Nicolaus set a $340.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Palo Alto Networks has a consensus rating of "Moderate Buy" and a consensus target price of $306.59.

Insider Buying and Selling

In other news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $160.42, for a total value of $802,100.00. Following the sale, the executive vice president directly owned 150,250 shares in the company, valued at $24,103,105. This trade represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lee Klarich sold 62,904 shares of Palo Alto Networks stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the completion of the sale, the executive vice president owned 235,983 shares in the company, valued at $61,037,002.95. This trade represents a 21.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 72,076 shares of company stock valued at $17,930,587 over the last ninety days. Insiders own 1.40% of the company's stock.

Palo Alto Networks Price Performance

NASDAQ PANW opened at $266.33 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $302.95. The company has a market capitalization of $217.06 billion, a PE ratio of 218.30, a price-to-earnings-growth ratio of 9.55 and a beta of 0.94. The firm's 50 day moving average is $207.23 and its 200-day moving average is $186.93.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the company earned $0.37 earnings per share. The firm's revenue 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 research analysts anticipate that Palo Alto Networks, Inc. will post 2.15 earnings per share for the current fiscal year.

Palo Alto Networks 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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