Palo Alto Networks Inc (PANW) EVP Sells $288,560.00 in Stock

Palo Alto Networks Inc (NYSE:PANW) EVP Nir Zuk sold 2,000 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $144.28, for a total value of $288,560.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Nir Zuk also recently made the following trade(s):

  • On Friday, December 15th, Nir Zuk sold 23,603 shares of Palo Alto Networks stock. The shares were sold at an average price of $148.04, for a total value of $3,494,188.12.
  • On Monday, December 18th, Nir Zuk sold 28,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $148.08, for a total value of $4,146,240.00.
  • On Tuesday, November 7th, Nir Zuk sold 28,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $148.05, for a total value of $4,145,400.00.
  • On Wednesday, November 1st, Nir Zuk sold 2,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $144.69, for a total value of $289,380.00.
  • On Monday, October 9th, Nir Zuk sold 21,743 shares of Palo Alto Networks stock. The shares were sold at an average price of $148.01, for a total value of $3,218,181.43.
  • On Tuesday, October 10th, Nir Zuk sold 146,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $149.86, for a total value of $21,879,560.00.
  • On Monday, October 2nd, Nir Zuk sold 2,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $144.76, for a total value of $289,520.00.
  • On Monday, September 11th, Nir Zuk sold 2,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $145.01, for a total value of $290,020.00.

Shares of Palo Alto Networks Inc (PANW) traded down $1.93 during trading hours on Friday, reaching $144.94. The company’s stock had a trading volume of 478,314 shares, compared to its average volume of 935,798. The company has a market capitalization of $13,495.73, a price-to-earnings ratio of -58.92 and a beta of 1.00. Palo Alto Networks Inc has a 1-year low of $107.31 and a 1-year high of $157.65.

Palo Alto Networks (NYSE:PANW) last posted its 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. Palo Alto Networks had a negative return on equity of 15.77% and a negative net margin of 11.97%. The company had revenue of $505.50 million for the quarter, compared to analyst estimates of $489.36 million. During the same quarter last year, the company earned $0.55 earnings per share. The company’s revenue for the quarter was up 27.0% on a year-over-year basis. equities analysts predict that Palo Alto Networks Inc will post -0.37 earnings per share for the current year.

Several equities research analysts have recently weighed in on PANW shares. Morgan Stanley raised Palo Alto Networks from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $150.00 to $185.00 in a research note on Tuesday, October 10th. William Blair reissued a “market perform” rating on shares of Palo Alto Networks in a research note on Tuesday, September 5th. Dougherty & Co reissued a “buy” rating and issued a $165.00 price target (up previously from $155.00) on shares of Palo Alto Networks in a research note on Tuesday, September 5th. Royal Bank of Canada raised their target price on Palo Alto Networks from $145.00 to $159.00 and gave the stock an “outperform” rating in a research note on Friday, September 1st. Finally, Summit Redstone raised Palo Alto Networks from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Tuesday, September 5th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-two have assigned a buy rating to the company. Palo Alto Networks has a consensus rating of “Buy” and an average price target of $164.89.

Several hedge funds have recently bought and sold shares of the company. Endurance Wealth Management Inc. lifted its holdings in shares of Palo Alto Networks by 0.3% in the second quarter. Endurance Wealth Management Inc. now owns 3,610 shares of the network technology company’s stock valued at $483,000 after purchasing an additional 11 shares in the last quarter. Capstone Asset Management Co. lifted its holdings in shares of Palo Alto Networks by 1.3% in the second quarter. Capstone Asset Management Co. now owns 2,284 shares of the network technology company’s stock valued at $306,000 after purchasing an additional 30 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of Palo Alto Networks by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 16,971 shares of the network technology company’s stock valued at $2,271,000 after purchasing an additional 43 shares in the last quarter. WESPAC Advisors SoCal LLC lifted its holdings in Palo Alto Networks by 2.4% during the second quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the network technology company’s stock worth $284,000 after acquiring an additional 50 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in Palo Alto Networks by 2.2% during the second quarter. Nordea Investment Management AB now owns 2,607 shares of the network technology company’s stock worth $349,000 after acquiring an additional 55 shares during the period. Institutional investors own 79.91% of the company’s stock.

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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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