Palo Alto Networks, Inc. (NYSE:PANW) insider Nir Zuk sold 2,000 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $144.69, for a total value of $289,380.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • 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) opened at $146.36 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.69. Palo Alto Networks, Inc. has a 52 week low of $107.31 and a 52 week high of $165.69.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings data on Thursday, August 31st. The network technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.92). Palo Alto Networks had a negative return on equity of 19.72% and a negative net margin of 12.57%. The company had revenue of $509.00 million for the quarter, compared to analyst estimates of $487.53 million. During the same period last year, the firm earned $0.50 earnings per share. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. equities research analysts anticipate that Palo Alto Networks, Inc. will post -0.49 earnings per share for the current fiscal year.

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Several brokerages have recently commented on PANW. BidaskClub raised Palo Alto Networks from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Northland Securities set a $175.00 target price on Palo Alto Networks and gave the company a “buy” rating in a report on Wednesday, October 18th. Zacks Investment Research downgraded Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $168.00 target price (up from $155.00) on shares of Palo Alto Networks in a report on Sunday, September 3rd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $160.00 target price on shares of Palo Alto Networks in a report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirty have given a buy rating to the company’s stock. Palo Alto Networks presently has an average rating of “Buy” and an average target price of $160.33.

Several institutional investors have recently made changes to their positions in the stock. Candriam Luxembourg S.C.A. grew its stake in shares of Palo Alto Networks by 27.1% during the third quarter. Candriam Luxembourg S.C.A. now owns 50,081 shares of the network technology company’s stock worth $7,217,000 after purchasing an additional 10,687 shares during the period. Telemus Capital LLC lifted its holdings in Palo Alto Networks by 3.8% during the third quarter. Telemus Capital LLC now owns 13,644 shares of the network technology company’s stock worth $1,966,000 after acquiring an additional 500 shares in the last quarter. Swiss National Bank lifted its holdings in Palo Alto Networks by 1.2% during the third quarter. Swiss National Bank now owns 338,100 shares of the network technology company’s stock worth $48,720,000 after acquiring an additional 4,100 shares in the last quarter. Cambridge Trust Co. lifted its holdings in Palo Alto Networks by 48.5% during the third quarter. Cambridge Trust Co. now owns 137,115 shares of the network technology company’s stock worth $19,758,000 after acquiring an additional 44,759 shares in the last quarter. Finally, Trillium Asset Management LLC lifted its holdings in Palo Alto Networks by 1.1% during the third quarter. Trillium Asset Management LLC now owns 138,935 shares of the network technology company’s stock worth $20,021,000 after acquiring an additional 1,533 shares in the last quarter. 76.85% of the stock is owned by institutional investors and hedge funds.

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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