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 business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $144.16, for a total transaction of $2,250,914.24. Following the sale, the president now directly owns 186,413 shares of the company’s stock, valued at $26,873,298.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 shares were sold at an average price of $143.10, for a total transaction of $6,357,789.90.

Shares of Palo Alto Networks Inc (NYSE:PANW) traded down $1.93 during trading hours on Friday, reaching $144.94. 476,603 shares of the company’s stock traded hands, compared to its average volume of 935,798. Palo Alto Networks Inc has a twelve month low of $107.31 and a twelve month high of $157.65. The stock has a market capitalization of $13,318.39, a P/E ratio of -58.92 and a beta of 1.00.

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

Several analysts have recently issued reports on PANW shares. Imperial Capital raised shares of Palo Alto Networks from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $137.00 to $165.00 in a research report on Tuesday, September 5th. William Blair reaffirmed a “market perform” rating on shares of Palo Alto Networks in a report on Tuesday, September 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $180.00 target price on shares of Palo Alto Networks in a report on Tuesday, September 5th. Argus raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $183.00 price target on the stock in a report on Tuesday, September 5th. Finally, Sanford C. Bernstein increased their price target on shares of Palo Alto Networks from $180.00 to $200.00 and gave the stock an “outperform” rating in a 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-two have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $164.89.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in Palo Alto Networks by 6.5% during the first quarter. Dimensional Fund Advisors LP now owns 88,509 shares of the network technology company’s stock valued at $9,974,000 after acquiring an additional 5,399 shares during the last quarter. Capstone Asset Management Co. increased its position in Palo Alto Networks by 1.3% during the second quarter. Capstone Asset Management Co. now owns 2,284 shares of the network technology company’s stock valued at $306,000 after acquiring an additional 30 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Palo Alto Networks by 85.0% during the second quarter. Nisa Investment Advisors LLC now owns 3,700 shares of the network technology company’s stock valued at $449,000 after acquiring an additional 1,700 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in Palo Alto Networks by 0.3% during 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 acquiring an additional 43 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in Palo Alto Networks by 5.2% during the second quarter. Great West Life Assurance Co. Can now owns 48,002 shares of the network technology company’s stock valued at $6,417,000 after acquiring an additional 2,357 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

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About Palo Alto Networks

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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