Palo Alto Networks Inc (NYSE:PANW) Director Mark D. Mclaughlin sold 6,736 shares of the company’s stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $195.00, for a total transaction of $1,313,520.00. Following the completion of the transaction, the director now owns 221,926 shares in the company, valued at approximately $43,275,570. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of NYSE:PANW opened at $195.97 on Friday. The company has a market cap of $18.32 billion, a P/E ratio of -356.31, a P/E/G ratio of 11.58 and a beta of 0.81. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. Palo Alto Networks Inc has a 12-month low of $148.41 and a 12-month high of $239.50.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings data on Thursday, November 29th. The network technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.02. The company had revenue of $656.00 million during the quarter, compared to the consensus estimate of $632.16 million. Palo Alto Networks had a negative return on equity of 1.72% and a negative net margin of 5.04%. The firm’s revenue was up 30.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 EPS. On average, sell-side analysts expect that Palo Alto Networks Inc will post 0.71 earnings per share for the current year.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Palo Alto Networks by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 7,709,183 shares of the network technology company’s stock valued at $1,736,571,000 after acquiring an additional 94,743 shares during the period. Vanguard Group Inc boosted its stake in Palo Alto Networks by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 7,709,183 shares of the network technology company’s stock worth $1,736,571,000 after purchasing an additional 94,743 shares during the period. Renaissance Technologies LLC boosted its stake in Palo Alto Networks by 24.8% in the 3rd quarter. Renaissance Technologies LLC now owns 4,651,200 shares of the network technology company’s stock worth $1,047,729,000 after purchasing an additional 925,500 shares during the period. Canada Pension Plan Investment Board boosted its stake in Palo Alto Networks by 10.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,607,673 shares of the network technology company’s stock worth $362,144,000 after purchasing an additional 146,447 shares during the period. Finally, Morgan Stanley boosted its stake in Palo Alto Networks by 5.4% in the 3rd quarter. Morgan Stanley now owns 1,433,131 shares of the network technology company’s stock worth $322,827,000 after purchasing an additional 73,391 shares during the period. Institutional investors own 80.29% of the company’s stock.

PANW has been the subject of a number of recent analyst reports. Guggenheim initiated coverage on Palo Alto Networks in a research report on Monday, December 10th. They issued a “buy” rating and a $256.00 target price for the company. First Analysis raised Palo Alto Networks from an “outperform” rating to a “strong-buy” rating and set a $177.00 target price for the company in a research report on Sunday, December 9th. Credit Suisse Group decreased their target price on Palo Alto Networks from $185.00 to $160.00 in a research report on Sunday, December 9th. Zacks Investment Research raised Palo Alto Networks from a “hold” rating to a “buy” rating and set a $201.00 target price for the company in a research report on Wednesday, December 5th. Finally, Raymond James reissued a “buy” rating on shares of Palo Alto Networks in a research report on Sunday, December 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the stock. Palo Alto Networks presently has a consensus rating of “Buy” and an average target price of $238.60.

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Palo Alto Networks Company Profile

Palo Alto Networks, Inc provides security platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.

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