Palo Alto Networks, Inc. (NYSE:PANW) CEO Mark D. Mclaughlin sold 35,000 shares of the stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $149.70, for a total transaction of $5,239,500.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Palo Alto Networks, Inc. (NYSE PANW) traded down 0.51% on Thursday, hitting $148.24. 1,194,413 shares of the stock were exchanged. Palo Alto Networks, Inc. has a one year low of $107.31 and a one year high of $165.69. The company’s market cap is $13.61 billion. The firm’s 50-day moving average is $141.15 and its 200-day moving average is $129.36.

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 consensus estimate of $0.79 by ($0.92). Palo Alto Networks had a negative net margin of 12.57% and a negative return on equity of 19.72%. The business had revenue of $509.00 million for the quarter, compared to analyst estimates of $487.53 million. During the same period in the prior year, the company earned $0.50 earnings per share. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. On average, equities analysts forecast that Palo Alto Networks, Inc. will post $3.33 EPS for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in PANW. Waldron LP lifted its stake in Palo Alto Networks by 105.2% during the first quarter. Waldron LP now owns 12,850 shares of the network technology company’s stock valued at $1,749,000 after purchasing an additional 6,587 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in Palo Alto Networks by 9.9% during the first quarter. UBS Asset Management Americas Inc. now owns 240,802 shares of the network technology company’s stock valued at $27,134,000 after purchasing an additional 21,780 shares during the last quarter. Prudential Financial Inc. lifted its stake in Palo Alto Networks by 83.8% during the first quarter. Prudential Financial Inc. now owns 5,220 shares of the network technology company’s stock valued at $588,000 after purchasing an additional 2,380 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Palo Alto Networks by 40.0% during the first quarter. Neuberger Berman Group LLC now owns 53,419 shares of the network technology company’s stock valued at $6,019,000 after purchasing an additional 15,269 shares during the last quarter. Finally, Teachers Advisors LLC lifted its stake in Palo Alto Networks by 5.5% during the first quarter. Teachers Advisors LLC now owns 287,461 shares of the network technology company’s stock valued at $32,391,000 after purchasing an additional 15,024 shares during the last quarter. 77.03% of the stock is owned by institutional investors and hedge funds.

PANW has been the subject of a number of recent analyst reports. Evercore ISI set a $140.00 price objective on shares of Palo Alto Networks and gave the company a “hold” rating in a research report on Saturday, June 17th. TheStreet upgraded shares of Palo Alto Networks from a “d+” rating to a “c-” rating in a research report on Friday, June 16th. ValuEngine upgraded shares of Palo Alto Networks from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Vetr upgraded shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $140.90 price objective for the company in a research report on Tuesday, June 27th. Finally, Northland Securities initiated coverage on shares of Palo Alto Networks in a research report on Thursday, June 29th. They issued an “outperform” rating and a $175.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirty-one have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $160.33.

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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