Palo Alto Networks Inc. (NYSE:PANW) insider Nir Zuk sold 103,152 shares of Palo Alto Networks stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $159.36, for a total value of $16,438,302.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Thursday, September 15th, Nir Zuk sold 76,848 shares of Palo Alto Networks stock. The stock was sold at an average price of $150.15, for a total value of $11,538,727.20.

Palo Alto Networks Inc. (NYSE:PANW) opened at 155.48 on Wednesday. The company has a 50-day moving average of $149.50 and a 200-day moving average of $139.56. Palo Alto Networks Inc. has a 52 week low of $111.09 and a 52 week high of $194.73. The firm’s market capitalization is $14.13 billion.

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

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

A number of equities research analysts recently weighed in on PANW shares. Wunderlich reissued a “buy” rating on shares of Palo Alto Networks in a research report on Wednesday, July 6th. Nomura reaffirmed a “buy” rating and set a $200.00 price objective on shares of Palo Alto Networks in a report on Wednesday, August 24th. Vetr raised Palo Alto Networks from a “hold” rating to a “buy” rating and set a $152.42 price objective on the stock in a report on Monday, August 22nd. Barclays PLC set a $184.00 price objective on Palo Alto Networks and gave the company a “buy” rating in a report on Friday, August 19th. Finally, Maxim Group decreased their price objective on Palo Alto Networks from $215.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, August 31st. Eight research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $181.48.

Several institutional investors have recently modified their holdings of the company. Aperio Group LLC raised its position in shares of Palo Alto Networks by 1.5% in the first quarter. Aperio Group LLC now owns 15,047 shares of the network technology company’s stock worth $2,455,000 after buying an additional 220 shares during the period. BlackRock Inc. raised its position in shares of Palo Alto Networks by 15.7% in the first quarter. BlackRock Inc. now owns 60,764 shares of the network technology company’s stock worth $9,913,000 after buying an additional 8,234 shares during the period. BlackRock Group LTD raised its position in shares of Palo Alto Networks by 12.4% in the first quarter. BlackRock Group LTD now owns 499,493 shares of the network technology company’s stock worth $81,487,000 after buying an additional 55,086 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Palo Alto Networks by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,776,193 shares of the network technology company’s stock worth $289,768,000 after buying an additional 41,495 shares during the period. Finally, BlackRock Japan Co. Ltd raised its position in shares of Palo Alto Networks by 17.3% in the first quarter. BlackRock Japan Co. Ltd now owns 102,066 shares of the network technology company’s stock worth $16,651,000 after buying an additional 15,039 shares during the period. Institutional investors own 80.06% of the company’s stock.

About Palo Alto Networks

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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