Palo Alto Networks, Inc. (NYSE:PANW) EVP Nir Zuk sold 2,000 shares of Palo Alto Networks stock in a transaction on Friday, December 1st. The shares were sold at an average price of $144.28, for a total value of $288,560.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, November 7th, Nir Zuk sold 28,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $148.05, for a total value of $4,145,400.00.
  • On Wednesday, November 1st, Nir Zuk sold 2,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $144.69, for a total value of $289,380.00.
  • On Monday, October 9th, Nir Zuk sold 21,743 shares of Palo Alto Networks stock. The shares were sold at an average price of $148.01, for a total value of $3,218,181.43.
  • On Tuesday, October 10th, Nir Zuk sold 146,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $149.86, for a total value of $21,879,560.00.
  • On Monday, October 2nd, Nir Zuk sold 2,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $144.76, for a total value of $289,520.00.
  • On Monday, September 11th, Nir Zuk sold 2,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $145.01, for a total value of $290,020.00.

Shares of Palo Alto Networks, Inc. (PANW) opened at $141.37 on Thursday. Palo Alto Networks, Inc. has a twelve month low of $107.31 and a twelve month high of $157.65.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings results on Monday, November 20th. The network technology company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.06. The company had revenue of $505.50 million for the quarter, compared to analyst estimates of $489.36 million. Palo Alto Networks had a negative return on equity of 15.77% and a negative net margin of 11.97%. The company’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 earnings per share. equities analysts forecast that Palo Alto Networks, Inc. will post -0.37 EPS for the current fiscal year.

PANW has been the topic of several recent research reports. Morgan Stanley upgraded 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 report on Tuesday, October 10th. William Blair restated a “market perform” rating on shares of Palo Alto Networks in a research report on Tuesday, September 5th. Dougherty & Co restated a “buy” rating and issued a $165.00 price target (up from $155.00) on shares of Palo Alto Networks in a research report on Tuesday, September 5th. Royal Bank Of Canada raised their price target on Palo Alto Networks from $145.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, September 1st. Finally, Summit Redstone upgraded Palo Alto Networks from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Tuesday, September 5th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $162.84.

Several institutional investors have recently modified their holdings of the company. First Trust Advisors LP increased its position in shares of Palo Alto Networks by 55.1% in the third quarter. First Trust Advisors LP now owns 204,302 shares of the network technology company’s stock valued at $29,440,000 after acquiring an additional 72,573 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Palo Alto Networks by 32.5% in the second quarter. Parametric Portfolio Associates LLC now owns 95,049 shares of the network technology company’s stock valued at $12,719,000 after acquiring an additional 23,292 shares during the last quarter. Synovus Financial Corp increased its position in shares of Palo Alto Networks by 17.3% in the second quarter. Synovus Financial Corp now owns 14,361 shares of the network technology company’s stock valued at $1,919,000 after acquiring an additional 2,122 shares during the last quarter. Cambridge Trust Co. increased its position in shares of Palo Alto Networks by 48.5% in the third quarter. Cambridge Trust Co. now owns 137,115 shares of the network technology company’s stock valued at $19,758,000 after acquiring an additional 44,759 shares during the last quarter. Finally, Trellus Management Company LLC acquired a new stake in shares of Palo Alto Networks in the third quarter valued at about $461,000. Institutional investors own 79.98% of the company’s stock.

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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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