Palo Alto Networks, Inc. (NYSE:PANW) insider Nir Zuk sold 2,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $144.76, for a total transaction of $289,520.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • 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 transaction 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 transaction of $21,879,560.00.
  • 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 transaction of $290,020.00.

Palo Alto Networks, Inc. (PANW) traded up 1.13% on Friday, hitting $149.91. 865,876 shares of the company traded hands. The firm’s market capitalization is $13.77 billion. The firm’s 50 day moving average price is $142.18 and its 200 day moving average price is $129.77. Palo Alto Networks, Inc. has a 1-year low of $107.31 and a 1-year high of $165.69.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings results on Thursday, August 31st. The network technology company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.92). Palo Alto Networks had a negative return on equity of 19.72% and a negative net margin of 12.57%. The business had revenue of $509.00 million during the quarter, compared to analysts’ expectations of $487.53 million. During the same period in the prior year, the firm posted $0.50 earnings per share. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. Equities research analysts predict that Palo Alto Networks, Inc. will post $3.33 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Palo Alto Networks by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 7,262,069 shares of the network technology company’s stock worth $971,738,000 after purchasing an additional 254,836 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Palo Alto Networks by 16.7% in the 1st quarter. Renaissance Technologies LLC now owns 2,152,800 shares of the network technology company’s stock worth $242,578,000 after purchasing an additional 307,800 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in Palo Alto Networks by 11.3% in the 1st quarter. Clearbridge Investments LLC now owns 1,888,116 shares of the network technology company’s stock worth $212,753,000 after purchasing an additional 191,475 shares in the last quarter. American Century Companies Inc. lifted its holdings in Palo Alto Networks by 512.7% in the 2nd quarter. American Century Companies Inc. now owns 1,747,339 shares of the network technology company’s stock worth $233,811,000 after purchasing an additional 1,462,162 shares in the last quarter. Finally, CI Global Investments Inc. lifted its holdings in Palo Alto Networks by 2.4% in the 2nd quarter. CI Global Investments Inc. now owns 1,617,837 shares of the network technology company’s stock worth $216,483,000 after purchasing an additional 37,597 shares in the last quarter. 77.03% of the stock is currently owned by institutional investors.

A number of brokerages have commented on PANW. Evercore ISI set a $140.00 price target on shares of Palo Alto Networks and gave the company a “hold” rating in a research note on Saturday, June 17th. Imperial Capital upgraded shares of Palo Alto Networks from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $137.00 to $165.00 in a research note on Tuesday, September 5th. Vetr lowered shares of Palo Alto Networks from a “buy” rating to a “hold” rating and set a $140.90 target price for the company. in a research note on Monday, July 10th. BidaskClub upgraded shares of Palo Alto Networks from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $180.00 target price on shares of Palo Alto Networks in a research note on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirty-one have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $160.33.

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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