Russell Investments Group Ltd. Lowers Holdings in Palo Alto Networks, Inc. $PANW

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Russell Investments Group Ltd. reduced its stake in Palo Alto Networks (NASDAQ:PANW) by 18.1% in the third quarter, selling over 127,000 shares. Despite this, other institutional investors increased their holdings, and hedge funds and institutions collectively own 79.82% of the company’s stock. Analysts have a “Moderate Buy” consensus rating for PANW, with a target price of $210.19, following recent insider stock sales and positive quarterly earnings that surpassed consensus estimates.

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