Palo Alto Networks Inc (NYSE:PANW) Director Stanley J. Meresman sold 1,958 shares of the firm’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $177.48, for a total value of $347,505.84. Following the transaction, the director now directly owns 1,658 shares in the company, valued at $294,261.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NYSE:PANW traded down $6.51 during mid-day trading on Friday, reaching $175.27. 48,729 shares of the stock were exchanged, compared to its average volume of 1,678,056. The company has a quick ratio of 1.93, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. Palo Alto Networks Inc has a 1-year low of $140.75 and a 1-year high of $239.50. The firm has a market cap of $16.82 billion, a P/E ratio of -318.27, a PEG ratio of 10.63 and a beta of 1.14.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings results on Thursday, November 29th. The network technology company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.02. Palo Alto Networks had a negative return on equity of 1.72% and a negative net margin of 5.04%. The business had revenue of $656.00 million during the quarter, compared to analyst estimates of $632.16 million. During the same quarter last year, the company posted $0.74 EPS. Palo Alto Networks’s revenue for the quarter was up 30.7% on a year-over-year basis. Sell-side analysts expect that Palo Alto Networks Inc will post 0.71 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the stock. Advisors Capital Management LLC boosted its position in shares of Palo Alto Networks by 1.3% in the 3rd quarter. Advisors Capital Management LLC now owns 19,705 shares of the network technology company’s stock valued at $4,439,000 after purchasing an additional 246 shares during the period. Tradewinds Capital Management LLC boosted its position in shares of Palo Alto Networks by 12.0% in the 2nd quarter. Tradewinds Capital Management LLC now owns 2,330 shares of the network technology company’s stock valued at $479,000 after purchasing an additional 250 shares during the period. ACG Wealth boosted its position in shares of Palo Alto Networks by 15.8% in the 3rd quarter. ACG Wealth now owns 1,901 shares of the network technology company’s stock valued at $428,000 after purchasing an additional 260 shares during the period. Utah Retirement Systems boosted its position in shares of Palo Alto Networks by 1.8% in the 3rd quarter. Utah Retirement Systems now owns 16,700 shares of the network technology company’s stock valued at $3,762,000 after purchasing an additional 300 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Palo Alto Networks by 10.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,102 shares of the network technology company’s stock valued at $637,000 after purchasing an additional 305 shares during the period. Institutional investors and hedge funds own 80.83% of the company’s stock.

PANW has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on Palo Alto Networks to $276.00 and gave the company a “top pick” rating in a report on Monday, October 8th. Zacks Investment Research lowered Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. Robert W. Baird reissued an “outperform” rating on shares of Palo Alto Networks in a report on Thursday, October 18th. Summit Insights lowered Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Monday, October 29th. Finally, Wedbush initiated coverage on Palo Alto Networks in a report on Thursday, October 18th. They set a “neutral” rating and a $225.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $239.94.

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About Palo Alto Networks

Palo Alto Networks, Inc provides security platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.

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