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Palo Alto Networks (NASDAQ:PANW) Director Daniel J. Warmenhoven sold 3,000 shares of Palo Alto Networks stock on the open market in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $82.83, for a total value of $248,490.00. Following the sale, the director now directly owns 8,544 shares in the company, valued at approximately $707,700. The sale was disclosed in a filing with the SEC, which is available at this link.

Palo Alto Networks (NASDAQ:PANW) traded up 0.43% during mid-day trading on Thursday, hitting $82.22. 772,856 shares of the company’s stock traded hands. Palo Alto Networks has a 52 week low of $40.36 and a 52 week high of $85.78. The stock has a 50-day moving average of $74.6 and a 200-day moving average of $68.26. The company’s market cap is $6.337 billion.

Palo Alto Networks (NASDAQ:PANW) last released its earnings data on Wednesday, May 28th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $150.70 million for the quarter, compared to the consensus estimate of $146.13 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 48.8% on a year-over-year basis. Analysts expect that Palo Alto Networks will post $0.40 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Northland Securities initiated coverage on shares of Palo Alto Networks in a research note on Wednesday. They set an “outperform” rating and a $95.00 price target on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Palo Alto Networks from $90.00 to $105.00 in a research note on Monday. They now have a “top pick” rating on the stock. Finally, analysts at Dougherty & Co initiated coverage on shares of Palo Alto Networks in a research note on Thursday, June 26th. They set a “buy” rating and a $95.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $83.97.

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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