Palo Alto Networks Inc. (NYSE:PANW) Director Daniel J. Warmenhoven sold 1,950 shares of the firm’s stock in a transaction that occurred on Tuesday, October 11th. The shares were sold at an average price of $159.61, for a total transaction of $311,239.50. Following the transaction, the director now owns 530 shares in the company, valued at approximately $84,593.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Daniel J. Warmenhoven also recently made the following trade(s):

  • On Wednesday, September 14th, Daniel J. Warmenhoven sold 1,950 shares of Palo Alto Networks stock. The shares were sold at an average price of $150.00, for a total transaction of $292,500.00.

Palo Alto Networks Inc. (NYSE:PANW) opened at 146.00 on Tuesday. 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 $13.26 billion. The firm has a 50 day moving average of $150.60 and a 200-day moving average of $139.29.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings data on Tuesday, August 30th. The network technology company reported $0.50 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate 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%. The company’s revenue was up 41.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 earnings per share. On average, analysts forecast that Palo Alto Networks Inc. will post $2.78 earnings per share for the current year.

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

A number of research firms recently commented on PANW. Zacks Investment Research upgraded shares of Palo Alto Networks from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 1st. Morgan Stanley restated an “overweight” rating and set a $185.00 target price on shares of Palo Alto Networks in a report on Wednesday, August 17th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $177.00 target price on shares of Palo Alto Networks in a report on Thursday, September 1st. Argus restated a “buy” rating and set a $205.00 target price on shares of Palo Alto Networks in a report on Saturday, September 3rd. Finally, Citigroup Inc. reduced their target price on shares of Palo Alto Networks from $145.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, August 31st. Seven equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $181.48.

Several institutional investors have recently modified their holdings of PANW. Winslow Evans & Crocker Inc. raised its position 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 during the last quarter. Ayalon Holdings Ltd. raised its position 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 during the last quarter. Integrated Investment Consultants LLC raised its position 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 during the last quarter. Checchi Capital Advisers LLC raised its position 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 during the last quarter. Finally, Wunderlich Capital Managemnt raised its position in shares of Palo Alto Networks by 83.7% in the second quarter. Wunderlich Capital Managemnt now owns 1,159 shares of the network technology company’s stock valued at $142,000 after buying an additional 528 shares during the last quarter. 80.10% 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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