Palo Alto Networks, Inc. (NYSE:PANW) EVP Nir Zuk sold 2,000 shares of Palo Alto Networks stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $144.28, for a total value of $288,560.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Tuesday, November 7th, Nir Zuk sold 28,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $148.05, for a total value of $4,145,400.00.
  • On Wednesday, November 1st, Nir Zuk sold 2,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $144.69, for a total value of $289,380.00.
  • 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.

Shares of Palo Alto Networks, Inc. (NYSE PANW) traded down $0.07 during mid-day trading on Tuesday, reaching $142.82. The company had a trading volume of 1,074,310 shares, compared to its average volume of 1,771,746. Palo Alto Networks, Inc. has a 1 year low of $107.31 and a 1 year high of $157.65.

Palo Alto Networks (NYSE:PANW) last announced its earnings results on Monday, November 20th. The network technology company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.06. Palo Alto Networks had a negative return on equity of 15.77% and a negative net margin of 11.97%. The firm had revenue of $505.50 million for the quarter, compared to the consensus estimate of $489.36 million. During the same period in the previous year, the business earned $0.55 EPS. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. analysts predict that Palo Alto Networks, Inc. will post -0.37 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of PANW. American Century Companies Inc. grew its stake in Palo Alto Networks by 512.7% during the 2nd quarter. American Century Companies Inc. now owns 1,747,339 shares of the network technology company’s stock valued at $233,811,000 after purchasing an additional 1,462,162 shares during the last quarter. Northern Trust Corp boosted its stake in shares of 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 buying an additional 598,115 shares during the last quarter. ETF Managers Group LLC purchased a new stake in shares of Palo Alto Networks in the second quarter worth about $48,287,000. Sirios Capital Management L P purchased a new stake in shares of Palo Alto Networks in the second quarter worth about $40,567,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Palo Alto Networks by 35.5% in the third quarter. Ameriprise Financial Inc. now owns 1,068,289 shares of the network technology company’s stock worth $153,798,000 after buying an additional 279,602 shares during the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

PANW has been the subject of several research analyst reports. BidaskClub cut Palo Alto Networks from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. ValuEngine upgraded Palo Alto Networks from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Imperial Capital restated an “outperform” rating and set a $137.00 price target on shares of Palo Alto Networks in a report on Friday, August 18th. Piper Jaffray Companies set a $146.00 target price on Palo Alto Networks and gave the stock a “buy” rating in a report on Friday, August 25th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $173.00 target price on shares of Palo Alto Networks in a report on Monday, August 28th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $162.84.

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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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