Palo Alto Networks, Inc. (NYSE:PANW) EVP Nir Zuk sold 28,000 shares of Palo Alto Networks stock in a transaction on Monday, December 18th. The shares were sold at an average price of $148.08, for a total value of $4,146,240.00. Following the completion of the transaction, the executive vice president now owns 1,467,309 shares of the company’s stock, valued at approximately $217,279,116.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Friday, December 15th, Nir Zuk sold 23,603 shares of Palo Alto Networks stock. The shares were sold at an average price of $148.04, for a total value of $3,494,188.12.
  • On Friday, December 1st, Nir Zuk sold 2,000 shares of Palo Alto Networks stock. The shares were 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 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.

Shares of Palo Alto Networks, Inc. (NYSE PANW) opened at $148.94 on Wednesday. Palo Alto Networks, Inc. has a twelve month low of $107.31 and a twelve month high of $157.65.

Palo Alto Networks (NYSE:PANW) last released its earnings results on Monday, November 20th. The network technology company reported $0.74 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $505.50 million for the quarter, compared to analyst estimates of $489.36 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. Palo Alto Networks’s revenue was up 27.0% on a year-over-year basis. sell-side analysts predict that Palo Alto Networks, Inc. will post -0.37 EPS for the current year.

Several research firms have recently commented on PANW. Piper Jaffray Companies set a $146.00 target price on Palo Alto Networks and gave the company a “buy” rating in a research note on Friday, August 25th. Oppenheimer reissued an “outperform” rating and issued a $173.00 target price on shares of Palo Alto Networks in a research note on Monday, August 28th. UBS set a $140.00 target price on Palo Alto Networks and gave the company a “hold” rating in a research note on Tuesday, August 29th. BTIG Research reissued a “buy” rating and issued a $175.00 target price on shares of Palo Alto Networks in a research note on Thursday, August 31st. Finally, J P Morgan Chase & Co raised Palo Alto Networks from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $140.00 to $182.00 in a research note on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $162.84.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. WESPAC Advisors SoCal LLC raised its holdings in 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 worth $284,000 after acquiring an additional 50 shares in the last quarter. Nordea Investment Management AB increased its position in Palo Alto Networks by 2.2% during the second quarter. Nordea Investment Management AB now owns 2,607 shares of the network technology company’s stock worth $349,000 after buying an additional 55 shares during the last quarter. Principal Financial Group Inc. increased its position in Palo Alto Networks by 1.2% during the second quarter. Principal Financial Group Inc. now owns 5,590 shares of the network technology company’s stock worth $748,000 after buying an additional 68 shares during the last quarter. YorkBridge Wealth Partners LLC increased its position in Palo Alto Networks by 1.4% during the second quarter. YorkBridge Wealth Partners LLC now owns 5,198 shares of the network technology company’s stock worth $691,000 after buying an additional 70 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC increased its position in Palo Alto Networks by 1.3% during the second quarter. Grandeur Peak Global Advisors LLC now owns 7,975 shares of the network technology company’s stock worth $1,067,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 79.91% 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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