Robeco Institutional Asset Management B.V. Grows Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• Robeco Institutional Asset Management B.V. increased its position in Palo Alto Networks by 7.7% in Q4 to 707,882 shares (about $130.4M), representing roughly 0.10% of the company.
• CEO Nikesh Arora bought 68,085 shares (~$10.0M) on March 27, raising his stake 24.7%, while EVP Dipak Golechha sold 5,000 shares and insiders net sold 30,356 shares (~$5.0M) over the last three months; corporate insiders own 1.40%.
• Several brokers cut price targets but the stock retains a consensus "Moderate Buy" with a $209.95 target; PANW trades near $155.73 (below its 200‑day moving average), with a $127.1B market cap and a P/E of 86.04.

Robeco Institutional Asset Management B.V. increased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 707,882 shares of the network technology company's stock after buying an additional 50,469 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.10% of Palo Alto Networks worth $130,392,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PANW. Victory Capital Management Inc. increased its stake in Palo Alto Networks by 108.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,467,692 shares of the network technology company's stock worth $502,263,000 after buying an additional 1,282,738 shares during the period. Vanguard Group Inc. increased its stake in Palo Alto Networks by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 65,269,963 shares of the network technology company's stock worth $13,290,270,000 after buying an additional 1,253,589 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Palo Alto Networks during the 3rd quarter worth $162,161,000. Danske Bank A S purchased a new stake in Palo Alto Networks during the 3rd quarter worth $151,682,000. Finally, Amundi increased its stake in Palo Alto Networks by 25.1% during the 3rd quarter. Amundi now owns 3,532,201 shares of the network technology company's stock worth $750,875,000 after buying an additional 708,332 shares during the period. Hedge funds and other institutional investors own 79.82% of the company's stock.

Insiders Place Their Bets

In other news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $160.42, for a total value of $802,100.00. Following the completion of the transaction, the executive vice president directly owned 150,250 shares of the company's stock, valued at approximately $24,103,105. The trade was a 3.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Nikesh Arora purchased 68,085 shares of the firm's stock in a transaction dated Friday, March 27th. The stock was acquired at an average cost of $146.87 per share, with a total value of $9,999,643.95. Following the completion of the acquisition, the chief executive officer directly owned 343,394 shares in the company, valued at approximately $50,434,276.78. This trade represents a 24.73% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 30,356 shares of company stock worth $4,981,575. Corporate insiders own 1.40% of the company's stock.

Palo Alto Networks Price Performance

Shares of PANW stock opened at $155.73 on Monday. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $223.61. The firm has a fifty day moving average of $160.61 and a two-hundred day moving average of $184.49. The firm has a market cap of $127.08 billion, a P/E ratio of 86.04, a P/E/G ratio of 5.62 and a beta of 0.77.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The network technology company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.94 by $0.09. Palo Alto Networks had a net margin of 12.96% and a return on equity of 17.60%. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the previous year, the business posted $0.81 EPS. The company's quarterly revenue was up 14.9% on a year-over-year basis. On average, sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Wall Street Analyst Weigh In

PANW has been the topic of several analyst reports. HSBC dropped their price target on shares of Palo Alto Networks from $157.00 to $114.00 in a research note on Thursday, February 19th. Loop Capital dropped their price target on shares of Palo Alto Networks from $190.00 to $160.00 and set a "hold" rating on the stock in a research note on Wednesday, February 18th. BMO Capital Markets decreased their price objective on shares of Palo Alto Networks from $230.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, February 18th. Weiss Ratings reissued a "hold (c)" rating on shares of Palo Alto Networks in a report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Palo Alto Networks from $240.00 to $220.00 and set a "buy" rating for the company in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $209.95.

About Palo Alto Networks

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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