Palo Alto Networks Inc (NYSE:PANW) Director Sells $7,886,800.00 in Stock

Palo Alto Networks Inc (NYSE:PANW) Director Mark D. Mclaughlin sold 40,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $197.17, for a total transaction of $7,886,800.00. Following the completion of the sale, the director now directly owns 245,221 shares of the company’s stock, valued at approximately $48,350,224.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of NYSE:PANW opened at $203.76 on Friday. The stock has a 50 day moving average of $210.51. The firm has a market cap of $19.66 billion, a price-to-earnings ratio of -370.47, a P/E/G ratio of 10.06 and a beta of 0.98. Palo Alto Networks Inc has a twelve month low of $160.08 and a twelve month high of $260.63. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.97.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings results on Wednesday, May 29th. The network technology company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The company had revenue of $726.60 million during the quarter, compared to analyst estimates of $704.89 million. Palo Alto Networks had a positive return on equity of 5.42% and a negative net margin of 2.30%. The company’s revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 earnings per share. Equities analysts forecast that Palo Alto Networks Inc will post 0.87 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. Berman Capital Advisors LLC raised its holdings in shares of Palo Alto Networks by 32.1% in the 1st quarter. Berman Capital Advisors LLC now owns 177 shares of the network technology company’s stock worth $42,000 after purchasing an additional 43 shares in the last quarter. Financial Advocates Investment Management raised its holdings in shares of Palo Alto Networks by 65.2% in the 4th quarter. Financial Advocates Investment Management now owns 114 shares of the network technology company’s stock worth $43,000 after purchasing an additional 45 shares in the last quarter. Brown Advisory Securities LLC raised its holdings in shares of Palo Alto Networks by 1.0% in the 4th quarter. Brown Advisory Securities LLC now owns 4,863 shares of the network technology company’s stock worth $891,000 after purchasing an additional 46 shares in the last quarter. CWM LLC raised its holdings in shares of Palo Alto Networks by 9.3% in the 1st quarter. CWM LLC now owns 543 shares of the network technology company’s stock worth $132,000 after purchasing an additional 46 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. raised its holdings in shares of Palo Alto Networks by 0.7% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 6,661 shares of the network technology company’s stock worth $1,618,000 after purchasing an additional 46 shares in the last quarter. 79.04% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on PANW shares. Deutsche Bank dropped their target price on shares of Palo Alto Networks from $305.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Zacks Investment Research raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $278.00 price target for the company in a report on Tuesday, April 16th. Mizuho began coverage on shares of Palo Alto Networks in a report on Tuesday, March 26th. They issued a “buy” rating and a $285.00 price target for the company. JMP Securities decreased their price target on shares of Palo Alto Networks from $270.00 to $250.00 and set a “market outperform” rating for the company in a report on Thursday, May 30th. Finally, ValuEngine lowered shares of Palo Alto Networks from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $263.03.

Palo Alto Networks Company Profile

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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Insider Buying and Selling by Quarter for Palo Alto Networks (NYSE:PANW)

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