Northwestern Mutual Wealth Management Co. Has $69.67 Million Stake in Palo Alto Networks, Inc. $PANW

Key Points

• Northwestern Mutual Wealth Management Co. decreased its stake in Palo Alto Networks by 13.2%, now holding about 0.06% of the company, valued at approximately $69.67 million.
• Several institutional investors, including Nuveen LLC and Northern Trust Corp, significantly increased their positions in Palo Alto Networks during the first quarter.
• Palo Alto Networks reported a 15.8% increase in revenue year-over-year for the last quarter, with earnings per share of $0.95, exceeding analysts' expectations.

Northwestern Mutual Wealth Management Co. decreased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 13.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 408,291 shares of the network technology company's stock after selling 61,981 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.06% of Palo Alto Networks worth $69,671,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of PANW. Nuveen LLC acquired a new stake in shares of Palo Alto Networks during the 1st quarter worth approximately $810,047,000. Northern Trust Corp grew its position in shares of Palo Alto Networks by 133.7% during the 4th quarter. Northern Trust Corp now owns 7,842,647 shares of the network technology company's stock worth $1,427,048,000 after buying an additional 4,486,654 shares during the period. Nuveen Asset Management LLC grew its position in shares of Palo Alto Networks by 98.0% during the 4th quarter. Nuveen Asset Management LLC now owns 6,158,580 shares of the network technology company's stock worth $1,120,615,000 after buying an additional 3,047,625 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Palo Alto Networks by 92.7% during the 4th 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 worth $1,082,895,000 after buying an additional 2,862,718 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Palo Alto Networks by 18,802.8% during the 1st quarter. GAMMA Investing LLC now owns 2,410,290 shares of the network technology company's stock worth $411,292,000 after buying an additional 2,397,539 shares during the period. Institutional investors and hedge funds own 79.82% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on PANW shares. Stephens reaffirmed 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. Guggenheim lifted their price target on shares of Palo Alto Networks from $130.00 to $135.00 and gave the company a "sell" rating in a research report on Tuesday, August 19th. Westpark Capital reissued a "hold" rating on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Wells Fargo & Company lifted their price target on shares of Palo Alto Networks from $225.00 to $235.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Finally, UBS Group set a $185.00 price target on shares of Palo Alto Networks and gave the company a "neutral" rating in a research report on Tuesday, August 12th. Twenty-eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $211.52.

Insider Activity

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction on 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 transaction, the executive vice president directly owned 101,135 shares of the company's stock, valued at $20,414,099.75. The trade was a 4.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction on Friday, August 1st. The stock was sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the transaction, the executive vice president directly owned 3,143,516 shares in the company, valued at $543,199,564.80. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 669,948 shares of company stock valued at $126,552,277 over the last quarter. 2.50% of the stock is owned by insiders.

Palo Alto Networks Price Performance

PANW opened at $185.88 on Friday. The company has a market capitalization of $123.94 billion, a price-to-earnings ratio of 115.81, a P/E/G ratio of 4.53 and a beta of 0.94. The firm's fifty day moving average price is $190.61 and its two-hundred day moving average price is $186.32. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $210.39.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.