Palo Alto Networks, Inc. (NYSE:PANW) Director Carl M. Eschenbach sold 1,572 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $144.99, for a total transaction of $227,924.28. Following the completion of the sale, the director now owns 3,619 shares of the company’s stock, valued at approximately $524,718.81. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Palo Alto Networks, Inc. (PANW) opened at 144.14 on Thursday. The stock’s 50 day moving average is $134.27 and its 200 day moving average is $125.68. The firm’s market cap is $13.24 billion. Palo Alto Networks, Inc. has a 12 month low of $107.31 and a 12 month high of $165.69.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings data on Thursday, August 31st. The network technology company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.92). Palo Alto Networks had a negative net margin of 12.57% and a negative return on equity of 19.72%. The company had revenue of $509.00 million during the quarter, compared to the consensus estimate of $487.53 million. During the same quarter in the previous year, the firm posted $0.50 EPS. The business’s revenue for the quarter was up 27.0% compared to the same quarter last year. Equities research analysts expect that Palo Alto Networks, Inc. will post $3.34 EPS for the current year.

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Several research firms have weighed in on PANW. BidaskClub upgraded shares of Palo Alto Networks from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $150.00 price target (up previously from $145.00) on shares of Palo Alto Networks in a research report on Tuesday, September 5th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $160.00 price target (up previously from $145.00) on shares of Palo Alto Networks in a research report on Tuesday, September 5th. Imperial Capital upgraded shares of Palo Alto Networks from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $137.00 to $165.00 in a research report on Tuesday, September 5th. Finally, FBN Securities reiterated a “sector perform” rating and set a $155.00 price target (up previously from $135.00) on shares of Palo Alto Networks in a research report on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $157.91.

Institutional investors and hedge funds have recently bought and sold shares of the company. Endurance Wealth Management Inc. grew its stake in Palo Alto Networks by 0.3% in the second quarter. Endurance Wealth Management Inc. now owns 3,610 shares of the network technology company’s stock worth $483,000 after purchasing an additional 11 shares during the period. HM Payson & Co. grew its stake in Palo Alto Networks by 0.3% in the first quarter. HM Payson & Co. now owns 6,755 shares of the network technology company’s stock worth $761,000 after purchasing an additional 19 shares during the period. NEXT Financial Group Inc grew its stake in Palo Alto Networks by 0.4% in the second quarter. NEXT Financial Group Inc now owns 4,969 shares of the network technology company’s stock worth $665,000 after purchasing an additional 19 shares during the period. Wedbush Securities Inc. grew its stake in Palo Alto Networks by 0.4% in the first quarter. Wedbush Securities Inc. now owns 5,437 shares of the network technology company’s stock worth $613,000 after purchasing an additional 23 shares during the period. Finally, Capstone Asset Management Co. grew its stake in Palo Alto Networks by 1.3% in the second quarter. Capstone Asset Management Co. now owns 2,284 shares of the network technology company’s stock worth $306,000 after purchasing an additional 30 shares during the period. 77.05% of the stock is currently owned by hedge funds and other institutional investors.

About Palo Alto Networks

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

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

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