Palo Alto Networks Inc (PANW) Director Mark D. Mclaughlin Sells 6,736 Shares of Stock
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.
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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