Palo Alto Networks, Inc. (NYSE:PANW) insider Nir Zuk sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $144.69, for a total value of $289,380.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Monday, October 9th, Nir Zuk sold 21,743 shares of Palo Alto Networks stock. The shares were sold at an average price of $148.01, for a total value of $3,218,181.43.
  • 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 value 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 value 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 value of $290,020.00.

Palo Alto Networks, Inc. (NYSE PANW) traded up $2.37 on Friday, reaching $146.36. The company’s stock had a trading volume of 1,354,564 shares, compared to its average volume of 1,235,370.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings data on Thursday, August 31st. The network technology company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.92). The firm had revenue of $509.00 million during the quarter, compared to the consensus estimate of $487.53 million. Palo Alto Networks had a negative return on equity of 19.72% and a negative net margin of 12.57%. Palo Alto Networks’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 EPS. equities analysts expect that Palo Alto Networks, Inc. will post -0.49 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently bought and sold shares of PANW. Endurance Wealth Management Inc. increased its holdings in shares of Palo Alto Networks by 0.3% during the second quarter. Endurance Wealth Management Inc. now owns 3,610 shares of the network technology company’s stock valued at $483,000 after acquiring an additional 11 shares in the last quarter. NEXT Financial Group Inc increased its holdings in shares of Palo Alto Networks by 0.4% during the second quarter. NEXT Financial Group Inc now owns 4,969 shares of the network technology company’s stock valued at $665,000 after acquiring an additional 19 shares in the last quarter. Capstone Asset Management Co. increased its holdings in shares of Palo Alto Networks by 1.3% during the second quarter. Capstone Asset Management Co. now owns 2,284 shares of the network technology company’s stock valued at $306,000 after acquiring an additional 30 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of Palo Alto Networks by 0.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 16,971 shares of the network technology company’s stock valued at $2,271,000 after acquiring an additional 43 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC increased its holdings in shares of Palo Alto Networks by 2.4% during the second quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the network technology company’s stock valued at $284,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 76.89% of the company’s stock.

Several equities research analysts have recently weighed in on PANW shares. BidaskClub upgraded Palo Alto Networks from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Rosenblatt Securities reiterated a “buy” rating and set a $160.00 price target on shares of Palo Alto Networks in a research report on Friday, September 1st. UBS AG set a $140.00 price target on Palo Alto Networks and gave the company a “hold” rating in a research report on Tuesday, August 29th. Citigroup Inc. reiterated a “buy” rating and set a $168.00 price target (up from $160.00) on shares of Palo Alto Networks in a research report on Friday, September 1st. Finally, Maxim Group reiterated a “buy” rating and set a $168.00 price target on shares of Palo Alto Networks in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average 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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