Palo Alto Networks, Inc. (NYSE:PANW) Director Stanley J. Meresman sold 2,000 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $151.01, for a total value of $302,020.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Palo Alto Networks, Inc. (NYSE PANW) traded down 0.51% during mid-day trading on Thursday, hitting $148.24. The stock had a trading volume of 1,194,413 shares. The firm’s market cap is $13.61 billion. Palo Alto Networks, Inc. has a 12-month low of $107.31 and a 12-month high of $165.69. The company has a 50-day moving average of $141.15 and a 200-day moving average of $129.36.

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). The firm had revenue of $509.00 million during the quarter, compared to analyst estimates of $487.53 million. Palo Alto Networks had a negative return on equity of 19.72% and a negative net margin of 12.57%. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same quarter last year, the business posted $0.50 earnings per share. Analysts expect that Palo Alto Networks, Inc. will post $3.33 earnings per share for the current year.

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A number of brokerages recently commented on PANW. Evercore ISI reiterated an “in-line” rating and set a $145.00 price objective (up previously from $140.00) on shares of Palo Alto Networks in a research report on Friday, September 1st. UBS AG reiterated a “neutral” rating and set a $146.00 price objective (up previously from $140.00) on shares of Palo Alto Networks in a research report on Friday, September 1st. Vetr upgraded Palo Alto Networks from a “hold” rating to a “buy” rating and set a $140.90 price objective on the stock in a research report on Monday, July 3rd. Wells Fargo & Company reiterated an “outperform” rating and set a $185.00 price objective (up previously from $180.00) on shares of Palo Alto Networks in a research report on Friday, September 1st. Finally, Maxim Group reiterated a “buy” rating and set a $195.00 price objective (up previously from $168.00) on shares of Palo Alto Networks in a research report on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirty-one have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $160.33.

A number of large investors have recently bought and sold shares of PANW. American Century Companies Inc. grew its stake in Palo Alto Networks by 512.7% in 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 in the last quarter. Harbour Capital Advisors LLC grew its stake in Palo Alto Networks by 13,115.1% in the second quarter. Harbour Capital Advisors LLC now owns 1,172,176 shares of the network technology company’s stock worth $8,760,000 after purchasing an additional 1,163,306 shares in the last quarter. Northern Trust Corp grew its stake in Palo Alto Networks by 109.9% in the second quarter. Northern Trust Corp now owns 1,142,533 shares of the network technology company’s stock worth $152,883,000 after purchasing an additional 598,115 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Palo Alto Networks by 5,177.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 496,610 shares of the network technology company’s stock worth $55,958,000 after purchasing an additional 487,200 shares in the last quarter. Finally, Hunt Lane Capital LP acquired a new position in Palo Alto Networks in the first quarter worth about $42,818,000. Institutional investors and hedge funds own 77.03% of the company’s stock.

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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