Palo Alto Networks, Inc. (PANW) Insider Sells $290,020.00 in Stock

Palo Alto Networks, Inc. (NYSE:PANW) insider Nir Zuk sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $145.01, for a total value of $290,020.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Palo Alto Networks, Inc. (NYSE:PANW) opened at 143.45 on Friday. The company has a 50-day moving average price of $134.75 and a 200 day moving average price of $125.86. Palo Alto Networks, Inc. has a 1-year low of $107.31 and a 1-year high of $165.69. The firm’s market capitalization is $13.17 billion.

Palo Alto Networks (NYSE:PANW) last announced its earnings results on Thursday, August 31st. The network technology company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.92). The business 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 was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 earnings per share. On average, equities research analysts predict that Palo Alto Networks, Inc. will post $3.34 EPS for the current year.

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A number of equities analysts have weighed in on the company. BidaskClub raised Palo Alto Networks from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $150.00 price target (up previously from $145.00) on shares of Palo Alto Networks in a research report on Tuesday, September 5th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $160.00 price target (up previously from $145.00) on shares of Palo Alto Networks in a research report on Tuesday, September 5th. Imperial Capital raised Palo Alto Networks from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $137.00 to $165.00 in a research report on Tuesday, September 5th. Finally, FBN Securities reaffirmed a “sector perform” rating and set a $155.00 price target (up previously from $135.00) on shares of Palo Alto Networks in a research report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and twenty-nine have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $157.91.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Endurance Wealth Management Inc. increased its stake in Palo Alto Networks by 0.3% in the 2nd quarter. Endurance Wealth Management Inc. now owns 3,610 shares of the network technology company’s stock worth $483,000 after acquiring an additional 11 shares during the last quarter. HM Payson & Co. increased its stake in Palo Alto Networks by 0.3% in the 1st quarter. HM Payson & Co. now owns 6,755 shares of the network technology company’s stock worth $761,000 after acquiring an additional 19 shares during the last quarter. NEXT Financial Group Inc increased its stake in Palo Alto Networks by 0.4% in the 2nd quarter. NEXT Financial Group Inc now owns 4,969 shares of the network technology company’s stock worth $665,000 after acquiring an additional 19 shares during the last quarter. Capstone Asset Management Co. increased its stake in Palo Alto Networks by 1.3% in the 2nd quarter. Capstone Asset Management Co. now owns 2,284 shares of the network technology company’s stock worth $306,000 after acquiring an additional 30 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in Palo Alto Networks by 1.2% in the 1st quarter. Nordea Investment Management AB now owns 2,552 shares of the network technology company’s stock worth $288,000 after acquiring an additional 31 shares during the last quarter. Institutional investors and hedge funds own 77.05% of the company’s stock.

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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