Palo Alto Networks, Inc. (NYSE:PANW) insider Nir Zuk sold 28,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $148.05, for a total value of $4,145,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • 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 stock was 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 stock was 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 stock was sold at an average price of $145.01, for a total value of $290,020.00.

Palo Alto Networks, Inc. (NYSE PANW) opened at $140.35 on Friday. Palo Alto Networks, Inc. has a twelve month low of $107.31 and a twelve month high of $165.69. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.69.

Palo Alto Networks (NYSE:PANW) last announced its earnings results on Thursday, August 31st. The network technology company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.79 by ($0.92). The firm 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%. The business’s revenue was up 27.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 EPS. analysts expect that Palo Alto Networks, Inc. will post -0.49 EPS for the current year.

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Several large investors have recently bought and sold shares of the company. Legal & General Group Plc increased its holdings in shares of Palo Alto Networks by 3.3% during the 3rd quarter. Legal & General Group Plc now owns 380,147 shares of the network technology company’s stock worth $54,779,000 after purchasing an additional 12,041 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Palo Alto Networks by 3.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 49,533 shares of the network technology company’s stock worth $6,957,000 after purchasing an additional 1,531 shares during the period. Washington Capital Management Inc. increased its holdings in shares of Palo Alto Networks by 20.0% during the 3rd quarter. Washington Capital Management Inc. now owns 3,000 shares of the network technology company’s stock worth $432,000 after purchasing an additional 500 shares during the period. ETRADE Capital Management LLC bought a new position in shares of Palo Alto Networks during the 3rd quarter worth about $264,000. Finally, Sphera Funds Management LTD. acquired a new stake in shares of Palo Alto Networks during the 3rd quarter valued at about $2,998,000. Institutional investors own 76.85% of the company’s stock.

Several research firms have issued reports on PANW. BidaskClub upgraded Palo Alto Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Northland Securities set a $175.00 price target on Palo Alto Networks and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research lowered Palo Alto Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. J P Morgan Chase & Co reissued a “neutral” rating and set a $168.00 price target (up previously from $155.00) on shares of Palo Alto Networks in a research note on Sunday, September 3rd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $160.00 price target on shares of Palo Alto Networks in a research note on Friday, September 1st. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $160.33.

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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