Palo Alto Networks Director Asheem Chandna Sells 17,500 Shares (PANW)
Palo Alto Networks (NASDAQ:PANW) Director Asheem Chandna sold 17,500 shares of Palo Alto Networks stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $44.23, for a total value of $774,025.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Palo Alto Networks (NASDAQ:PANW) traded up 1.83% on Tuesday, hitting $43.50. 660,463 shares of the company’s stock traded hands. Palo Alto Networks has a 52-week low of $39.08 and a 52-week high of $72.61. The stock’s 50-day moving average is $48.03 and its 200-day moving average is $50.01. The company’s market cap is $3.118 billion.
Palo Alto Networks (NASDAQ:PANW) last released its earnings data on Monday, September 9th. The company reported $0.06 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.06. The company had revenue of $112.40 million for the quarter, compared to the consensus estimate of $108.98 million. During the same quarter last year, the company posted $0.03 earnings per share. Palo Alto Networks’s revenue was up 48.7% compared to the same quarter last year. On average, analysts predict that Palo Alto Networks will post $0.41 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on PANW shares. Analysts at Gabelli initiated coverage on shares of Palo Alto Networks in a research note to investors on Friday, October 18th. They set a “buy” rating and a $58.00 price target on the stock. Separately, analysts at FBN Securities raised their price target on shares of Palo Alto Networks from $55.00 to $60.00 in a research note to investors on Tuesday, September 10th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Palo Alto Networks from $58.00 to $60.00 in a research note to investors on Tuesday, September 10th. They now have an “equal weight” rating on the stock. Fourteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $58.26.
Palo Alto Networks, Inc offers a network security platform that allows enterprises, service providers, and government entities to secure their networks.
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