Palo Alto Networks, Inc. (NYSE:PANW) Director Stanley J. Meresman sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $151.01, for a total value of $302,020.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Palo Alto Networks, Inc. (NYSE PANW) opened at 149.91 on Friday. The firm’s market cap is $13.77 billion. The company’s 50-day moving average price is $142.58 and its 200-day moving average price is $129.89. Palo Alto Networks, Inc. has a 52-week low of $107.31 and a 52-week 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) EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.92). The firm had revenue of $509.00 million during the quarter, compared to the consensus estimate of $487.53 million. Palo Alto Networks had a negative net margin of 12.57% and a negative return on equity of 19.72%. The firm’s quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 earnings per share. Analysts predict that Palo Alto Networks, Inc. will post $3.33 EPS for the current year.

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A number of brokerages have issued reports on PANW. BidaskClub raised Palo Alto Networks from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised Palo Alto Networks from a “hold” rating to a “buy” rating and set a $164.00 price target on the stock in a research note on Tuesday, October 10th. Morgan Stanley raised Palo Alto Networks from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $150.00 to $185.00 in a research note on Tuesday, October 10th. Stephens reissued an “overweight” rating and issued a $165.00 price target (up from $155.00) on shares of Palo Alto Networks in a research note on Tuesday, October 3rd. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $173.00 price target on shares of Palo Alto Networks in a research note on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirty-one have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $160.33.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Endurance Wealth Management Inc. boosted its position in Palo Alto Networks by 0.3% in the 2nd quarter. Endurance Wealth Management Inc. now owns 3,610 shares of the network technology company’s stock valued at $483,000 after buying an additional 11 shares during the last quarter. HM Payson & Co. boosted its position in Palo Alto Networks by 0.3% in the 1st quarter. HM Payson & Co. now owns 6,755 shares of the network technology company’s stock valued at $761,000 after buying an additional 19 shares during the last quarter. NEXT Financial Group Inc boosted its position in Palo Alto Networks by 0.4% in the 2nd quarter. NEXT Financial Group Inc now owns 4,969 shares of the network technology company’s stock valued at $665,000 after buying an additional 19 shares during the last quarter. Capstone Asset Management Co. boosted its position in Palo Alto Networks by 1.3% in the 2nd quarter. Capstone Asset Management Co. now owns 2,284 shares of the network technology company’s stock valued at $306,000 after buying an additional 30 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its position in Palo Alto Networks by 0.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 16,971 shares of the network technology company’s stock valued at $2,271,000 after buying an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 77.03% of the company’s stock.

Palo Alto Networks Company Profile

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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