Palo Alto Networks, Inc. (NYSE:PANW) President Mark Anderson sold 15,614 shares of Palo Alto Networks stock in a transaction on Monday, December 4th. The stock was sold at an average price of $144.16, for a total transaction of $2,250,914.24. Following the sale, the president now directly owns 186,413 shares of the company’s stock, valued at $26,873,298.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mark Anderson also recently made the following trade(s):

  • On Thursday, September 14th, Mark Anderson sold 44,429 shares of Palo Alto Networks stock. The stock was sold at an average price of $143.10, for a total transaction of $6,357,789.90.

Shares of Palo Alto Networks, Inc. (NYSE:PANW) traded down $0.07 on Wednesday, hitting $142.82. 1,074,300 shares of the stock were exchanged, compared to its average volume of 1,771,746. Palo Alto Networks, Inc. has a 52-week low of $107.31 and a 52-week 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, beating analysts’ consensus estimates of $0.68 by $0.06. The firm had revenue of $505.50 million for the quarter, compared to analyst estimates of $489.36 million. Palo Alto Networks had a negative net margin of 11.97% and a negative return on equity of 15.77%. The company’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS. sell-side analysts forecast that Palo Alto Networks, Inc. will post -0.37 earnings per share for the current fiscal year.

A number of equities analysts recently commented on PANW shares. BidaskClub cut shares of Palo Alto Networks from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. ValuEngine upgraded shares of Palo Alto Networks from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Imperial Capital reiterated an “outperform” rating and issued a $137.00 target price on shares of Palo Alto Networks in a research report on Friday, August 18th. Piper Jaffray Companies set a $146.00 target price on shares of Palo Alto Networks and gave the stock a “buy” rating in a research 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 research report on Monday, August 28th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $162.84.

Several institutional investors and hedge funds have recently made changes to their positions in PANW. Sun Life Financial INC boosted its stake in shares of Palo Alto Networks by 785.0% during the 2nd quarter. Sun Life Financial INC now owns 1,000 shares of the network technology company’s stock valued at $134,000 after purchasing an additional 887 shares in the last quarter. Global X Management Co. LLC boosted its stake in shares of Palo Alto Networks by 24.4% during the 2nd quarter. Global X Management Co. LLC now owns 1,168 shares of the network technology company’s stock valued at $156,000 after purchasing an additional 229 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of Palo Alto Networks during the 3rd quarter valued at about $162,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Palo Alto Networks by 495.2% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,232 shares of the network technology company’s stock valued at $178,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Palo Alto Networks by 30.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,396 shares of the network technology company’s stock valued at $188,000 after purchasing an additional 322 shares in the last quarter. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

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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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