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Rathbones Group PLC Sells 11,378 Shares of Palo Alto Networks, Inc. $PANW
Rathbones Group PLC recently reduced its stake in Palo Alto Networks, selling 11,378 shares and now holding 857,605 shares valued at approximately $157.97 million. This move comes as other institutional investors have mostly increased their holdings, and despite notable insider selling, analysts maintain a “Moderate Buy” rating for PANW with an average target price of $209.95. The company recently exceeded EPS estimates with 14.9% revenue growth, although its stock has seen some recent declines and insider selling.