Palo Alto Networks, Inc. (NYSE:PANW) EVP Lee Klarich sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 12th. The shares were sold at an average price of $366.91, for a total value of $1,284,185.00. Following the completion of the transaction, the executive vice president now owns 307,047 shares of the company’s stock, valued at approximately $112,658,614.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Lee Klarich also recently made the following trade(s):

  • On Thursday, December 10th, Lee Klarich sold 3,500 shares of Palo Alto Networks stock. The shares were sold at an average price of $304.30, for a total value of $1,065,050.00.

Shares of PANW traded down $4.68 during trading hours on Wednesday, hitting $365.80. The stock had a trading volume of 1,244,246 shares, compared to its average volume of 1,104,943. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.91 and a quick ratio of 1.91. Palo Alto Networks, Inc. has a 12 month low of $125.47 and a 12 month high of $375.00. The firm has a market capitalization of $34.95 billion, a PE ratio of -134.72 and a beta of 1.17. The stock has a fifty day moving average price of $333.42 and a 200 day moving average price of $269.86.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings data on Sunday, November 15th. The network technology company reported $1.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.29. Palo Alto Networks had a negative return on equity of 9.61% and a negative net margin of 7.83%. The company had revenue of $946.00 million during the quarter, compared to analyst estimates of $920.73 million. As a group, analysts anticipate that Palo Alto Networks, Inc. will post -0.21 EPS for the current fiscal year.

A number of research firms have recently commented on PANW. Zacks Investment Research upgraded Palo Alto Networks from a “sell” rating to a “hold” rating and set a $237.00 target price for the company in a research note on Tuesday, November 17th. Truist raised their price objective on Palo Alto Networks from $305.00 to $365.00 in a research report on Friday, December 18th. KeyCorp raised their price objective on Palo Alto Networks from $350.00 to $391.00 in a research report on Monday, December 21st. Piper Sandler raised their price objective on Palo Alto Networks from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, January 5th. Finally, Northland Securities raised their price objective on Palo Alto Networks from $350.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, December 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. Palo Alto Networks currently has an average rating of “Buy” and a consensus price target of $331.34.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC purchased a new position in Palo Alto Networks during the third quarter valued at $1,347,000. Berman Capital Advisors LLC lifted its position in Palo Alto Networks by 46.6% during the third quarter. Berman Capital Advisors LLC now owns 129 shares of the network technology company’s stock valued at $31,000 after purchasing an additional 41 shares in the last quarter. Rockbridge Investment Management LCC purchased a new position in Palo Alto Networks during the second quarter valued at $34,000. Hall Laurie J Trustee purchased a new position in Palo Alto Networks during the third quarter valued at $44,000. Finally, Exane Derivatives lifted its position in Palo Alto Networks by 1,075.0% during the third quarter. Exane Derivatives now owns 188 shares of the network technology company’s stock valued at $46,000 after purchasing an additional 172 shares in the last quarter. Institutional investors own 78.50% of the company’s stock.

About Palo Alto Networks

Palo Alto Networks, Inc provides cybersecurity platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances and software 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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Insider Buying and Selling by Quarter for Palo Alto Networks (NYSE:PANW)

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