Palo Alto Networks Inc. (NYSE:PANW) President Mark Anderson sold 17,945 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $139.56, for a total transaction of $2,504,404.20. Following the completion of the sale, the president now owns 269,763 shares in the company, valued at $37,648,124.28. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Mark Anderson also recently made the following trade(s):

  • On Friday, September 23rd, Mark Anderson sold 19,210 shares of Palo Alto Networks stock. The shares were sold at an average price of $153.23, for a total transaction of $2,943,548.30.
  • On Wednesday, September 21st, Mark Anderson sold 2,202 shares of Palo Alto Networks stock. The shares were sold at an average price of $148.98, for a total transaction of $328,053.96.

Shares of Palo Alto Networks Inc. (NYSE:PANW) opened at 133.58 on Wednesday. Palo Alto Networks Inc. has a 12 month low of $111.09 and a 12 month high of $194.73. The company’s market capitalization is $12.25 billion. The stock’s 50 day moving average price is $151.57 and its 200 day moving average price is $140.38.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings data on Monday, November 21st. The network technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. Palo Alto Networks had a negative return on equity of 35.75% and a negative net margin of 16.83%. The company had revenue of $398.10 million for the quarter, compared to analysts’ expectations of $400.20 million. During the same period last year, the firm posted $0.35 earnings per share. Palo Alto Networks’s revenue was up 34.0% compared to the same quarter last year. On average, analysts forecast 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)

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Several large investors have recently added to or reduced their stakes in PANW. Capstone Asset Management Co. boosted its stake in Palo Alto Networks by 0.5% in the third quarter. Capstone Asset Management Co. now owns 1,924 shares of the network technology company’s stock valued at $307,000 after buying an additional 10 shares during the period. Sigma Planning Corp boosted its stake in Palo Alto Networks by 0.5% in the second quarter. Sigma Planning Corp now owns 2,162 shares of the network technology company’s stock valued at $265,000 after buying an additional 11 shares during the period. HBK Sorce Advisory LLC boosted its stake in Palo Alto Networks by 0.6% in the third quarter. HBK Sorce Advisory LLC now owns 2,495 shares of the network technology company’s stock valued at $398,000 after buying an additional 14 shares during the period. American International Group Inc. boosted its stake in Palo Alto Networks by 0.4% in the third quarter. American International Group Inc. now owns 3,474 shares of the network technology company’s stock valued at $554,000 after buying an additional 15 shares during the period. Finally, American Money Management LLC boosted its stake in Palo Alto Networks by 0.6% in the second quarter. American Money Management LLC now owns 3,375 shares of the network technology company’s stock valued at $414,000 after buying an additional 20 shares during the period. 87.20% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on PANW shares. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $177.00 target price on shares of Palo Alto Networks in a research report on Thursday, September 1st. Wunderlich reiterated a “buy” rating and set a $190.00 target price on shares of Palo Alto Networks in a research report on Wednesday, August 31st. Nomura reiterated a “buy” rating and set a $200.00 target price on shares of Palo Alto Networks in a research report on Wednesday, August 24th. Citigroup Inc. cut their target price on shares of Palo Alto Networks from $145.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 31st. Finally, Piper Jaffray Cos. set a $178.00 target price on shares of Palo Alto Networks and gave the stock a “buy” rating in a research report on Thursday, November 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $180.06.

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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