Insider Selling: Palo Alto Networks Inc (PANW) EVP Sells 30,000 Shares of Stock

Palo Alto Networks Inc (NYSE:PANW) EVP Nir Zuk sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $158.82, for a total value of $4,764,600.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Tuesday, January 2nd, Nir Zuk sold 30,000 shares of Palo Alto Networks stock. The stock was sold at an average price of $148.03, for a total value of $4,440,900.00.
  • On Friday, December 15th, Nir Zuk sold 23,603 shares of Palo Alto Networks stock. The stock was sold at an average price of $148.04, for a total value of $3,494,188.12.
  • On Monday, December 18th, Nir Zuk sold 28,000 shares of Palo Alto Networks stock. The stock was sold at an average price of $148.08, for a total value of $4,146,240.00.
  • On Friday, December 1st, Nir Zuk sold 2,000 shares of Palo Alto Networks stock. The stock was sold at an average price of $144.28, for a total value of $288,560.00.
  • On Tuesday, November 7th, Nir Zuk sold 28,000 shares of Palo Alto Networks stock. The stock was sold at an average price of $148.05, for a total value of $4,145,400.00.

Shares of Palo Alto Networks Inc (PANW) traded down $1.64 on Monday, reaching $153.54. 1,404,399 shares of the company’s stock traded hands, compared to its average volume of 1,163,408. Palo Alto Networks Inc has a 1-year low of $107.31 and a 1-year high of $160.83. The firm has a market capitalization of $14,110.00, a P/E ratio of -62.41 and a beta of 1.04.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings data on Monday, November 20th. The network technology company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.68 by $0.06. The business had revenue of $505.50 million during the quarter, compared to the consensus estimate 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 was up 27.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share. research analysts predict that Palo Alto Networks Inc will post -0.37 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the company. KeyCorp restated an “overweight” rating and set a $190.00 price objective (up previously from $170.00) on shares of Palo Alto Networks in a report on Monday. Zacks Investment Research cut Palo Alto Networks from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Deutsche Bank upgraded Palo Alto Networks from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Tuesday, January 23rd. Goldman Sachs Group cut Palo Alto Networks from a “buy” rating to a “neutral” rating and set a $168.00 price target for the company. in a research note on Monday, January 22nd. Finally, Evercore ISI upgraded Palo Alto Networks from an “in-line” rating to an “outperform” rating and set a $180.00 price target for the company in a research note on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty-four have given a buy rating to the company’s stock. Palo Alto Networks has a consensus rating of “Buy” and an average target price of $167.39.

Several large investors have recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in shares of Palo Alto Networks by 36.0% during the third quarter. American Century Companies Inc. now owns 2,376,862 shares of the network technology company’s stock worth $342,506,000 after buying an additional 629,523 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of Palo Alto Networks by 7.2% during the third quarter. Alyeska Investment Group L.P. now owns 1,387,411 shares of the network technology company’s stock worth $199,926,000 after buying an additional 92,622 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Palo Alto Networks by 35.5% during 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 in the last quarter. Pictet Asset Management Ltd. increased its holdings in shares of Palo Alto Networks by 31.7% during the third quarter. Pictet Asset Management Ltd. now owns 682,000 shares of the network technology company’s stock worth $98,276,000 after buying an additional 164,300 shares in the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new position in shares of Palo Alto Networks during the fourth quarter worth $70,582,000. Institutional investors own 80.46% of the company’s stock.

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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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