Palo Alto Networks, Inc. (PANW) President Sells $2,250,914.24 in Stock

Palo Alto Networks, Inc. (NYSE:PANW) President Mark Anderson sold 15,614 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $144.16, for a total value of $2,250,914.24. Following the completion of the transaction, the president now directly owns 186,413 shares in the company, valued at approximately $26,873,298.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Mark Anderson also recently made the following trade(s):

  • On Thursday, September 14th, Mark Anderson sold 44,429 shares of Palo Alto Networks stock. The stock was sold at an average price of $143.10, for a total value of $6,357,789.90.

Palo Alto Networks, Inc. (PANW) opened at $143.89 on Friday. Palo Alto Networks, Inc. has a one year low of $107.31 and a one year high of $157.65.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings results on Monday, November 20th. The network technology company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.06. The firm had revenue of $505.50 million during the quarter, compared to the consensus estimate of $489.36 million. Palo Alto Networks had a negative return on equity of 15.77% and a negative net margin of 11.97%. The business’s revenue was up 27.0% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. equities research analysts expect that Palo Alto Networks, Inc. will post -0.37 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Sun Life Financial INC grew its stake in Palo Alto Networks by 785.0% in the second quarter. Sun Life Financial INC now owns 1,000 shares of the network technology company’s stock valued at $134,000 after purchasing an additional 887 shares in the last quarter. Global X Management Co. LLC boosted its stake in shares of Palo Alto Networks by 24.4% during the 2nd quarter. Global X Management Co. LLC now owns 1,168 shares of the network technology company’s stock worth $156,000 after acquiring an additional 229 shares during the period. Penserra Capital Management LLC bought a new position in shares of Palo Alto Networks during the 3rd quarter worth approximately $162,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Palo Alto Networks by 495.2% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,232 shares of the network technology company’s stock worth $178,000 after acquiring an additional 1,025 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Palo Alto Networks by 30.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,396 shares of the network technology company’s stock worth $188,000 after acquiring an additional 322 shares during the period. Hedge funds and other institutional investors own 79.98% of the company’s stock.

A number of research firms have recently commented on PANW. Dougherty & Co reaffirmed a “buy” rating and set a $180.00 price target (up previously from $170.00) on shares of Palo Alto Networks in a research report on Tuesday, November 21st. FBN Securities raised Palo Alto Networks from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, November 21st. Zacks Investment Research raised Palo Alto Networks from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research report on Tuesday, November 28th. BidaskClub raised Palo Alto Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $180.00 price target (up previously from $173.00) on shares of Palo Alto Networks in a research report on Tuesday, November 21st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $162.84.

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Palo Alto Networks Company Profile

Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.

Insider Buying and Selling by Quarter for Palo Alto Networks (NYSE:PANW)

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