Palo Alto Networks reported Q2 earnings of $1.32 EPS, exceeding estimates, with Vanguard Group Inc. increasing its stake.

Palo Alto Networks (NASDAQ:PANW) saw a 57.1% decrease in shares owned by Baker Tilly Wealth Management LLC during Q2, while Vanguard Group Inc. increased its stake by 3.6%. The company reported $1.32 EPS, beating estimates by $0.07, and revenue of $1.98 billion, also exceeding estimates. Institutional investors hold 79.82% of stock, with Vanguard Group Inc. as the largest shareholder. Palo Alto Networks' stock has a P/E ratio of 48.56 and a beta of 1.14.

August 17, 2024
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