Palo Alto Networks Inc. (NYSE:PANW) Director Carl M. Eschenbach sold 894 shares of the company’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $159.08, for a total value of $142,217.52. Following the completion of the transaction, the director now owns 2,940 shares in the company, valued at $467,695.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Palo Alto Networks Inc. (NYSE:PANW) opened at 159.92 on Monday. Palo Alto Networks Inc. has a 52 week low of $111.09 and a 52 week high of $194.73. The company’s market capitalization is $14.53 billion. The firm’s 50-day moving average price is $148.33 and its 200 day moving average price is $139.67.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings results on Tuesday, August 30th. The network technology company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $400.80 million for the quarter, compared to the consensus estimate of $389.90 million. Palo Alto Networks had a negative return on equity of 34.28% and a negative net margin of 16.39%. The firm’s revenue for the quarter was up 41.2% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. Equities analysts predict that Palo Alto Networks Inc. will post $2.78 EPS for the current year.

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

PANW has been the topic of a number of research analyst reports. Vetr lowered Palo Alto Networks from a “strong-buy” rating to a “buy” rating and set a $178.24 target price on the stock. in a research note on Monday, October 3rd. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Palo Alto Networks in a research report on Friday, September 30th. Pacific Crest reiterated an “overweight” rating and set a $190.00 price objective on shares of Palo Alto Networks in a research report on Monday, August 29th. Rosenblatt Securities began coverage on Palo Alto Networks in a research report on Monday, September 12th. They set a “buy” rating and a $175.00 price objective on the stock. Finally, BTIG Research reiterated a “buy” rating and set a $210.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, August 31st. Eight analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $181.48.

A number of large investors have recently made changes to their positions in PANW. Winslow Evans & Crocker Inc. increased its stake in shares of Palo Alto Networks by 10.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 814 shares of the network technology company’s stock valued at $100,000 after buying an additional 76 shares in the last quarter. Ayalon Holdings Ltd. increased its stake in shares of Palo Alto Networks by 110.0% in the second quarter. Ayalon Holdings Ltd. now owns 840 shares of the network technology company’s stock valued at $102,000 after buying an additional 440 shares in the last quarter. Wunderlich Capital Managemnt bought a new stake in shares of Palo Alto Networks during the first quarter valued at $103,000. Integrated Investment Consultants LLC increased its stake in shares of Palo Alto Networks by 6.7% in the second quarter. Integrated Investment Consultants LLC now owns 1,040 shares of the network technology company’s stock valued at $128,000 after buying an additional 65 shares in the last quarter. Finally, Checchi Capital Advisers LLC increased its stake in shares of Palo Alto Networks by 128.3% in the second quarter. Checchi Capital Advisers LLC now owns 1,155 shares of the network technology company’s stock valued at $142,000 after buying an additional 649 shares in the last quarter. 80.06% of the stock is currently owned by institutional investors.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc is a security company. The Company’s security platform consists of three elements: its Next-Generation Firewall, its Advanced Endpoint Protection, and its Threat Intelligence Cloud. The Company’s 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.

5 Day Chart for NYSE:PANW

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