Palo Alto Networks, Inc. (NYSE:PANW) insider Nir Zuk sold 21,743 shares of Palo Alto Networks stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $148.01, for a total transaction of $3,218,181.43. Following the completion of the transaction, the insider now owns 1,637,957 shares of the company’s stock, valued at approximately $242,434,015.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • 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, 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 transaction 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 transaction of $290,020.00.

Shares of Palo Alto Networks, Inc. (NYSE PANW) traded down 1.01% during mid-day trading on Wednesday, hitting $149.00. 1,816,012 shares of the stock traded hands. The stock’s market cap is $13.68 billion. The stock has a 50-day moving average of $140.68 and a 200 day moving average of $129.22. Palo Alto Networks, Inc. has a one year low of $107.31 and a one year high of $165.69.

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

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Palo Alto Networks by 3.6% during the second 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 during the last quarter. Renaissance Technologies LLC lifted its stake in Palo Alto Networks by 16.7% during the first 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 during the last quarter. Clearbridge Investments LLC lifted its stake in Palo Alto Networks by 11.3% during the first 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 during the last quarter. American Century Companies Inc. lifted its stake in Palo Alto Networks by 512.7% during the second 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 during the last quarter. Finally, CI Global Investments Inc. lifted its stake in Palo Alto Networks by 2.4% during the second 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 during the last quarter. Hedge funds and other institutional investors own 77.03% of the company’s stock.

A number of research analysts recently weighed in on the stock. Evercore ISI set a $140.00 price objective on shares of Palo Alto Networks and gave the company a “hold” rating in a report on Saturday, June 17th. Stephens restated an “overweight” rating and issued a $165.00 price objective (up previously from $155.00) on shares of Palo Alto Networks in a report on Tuesday, October 3rd. Dougherty & Co lifted their price objective on shares of Palo Alto Networks from $165.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, September 28th. Robert W. Baird restated a “hold” rating and issued a $149.00 price objective on shares of Palo Alto Networks in a report on Thursday, September 28th. Finally, BidaskClub upgraded shares of Palo Alto Networks from a “sell” rating to a “hold” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirty-one have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average 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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