Palo Alto Networks, Inc. (NASDAQ:PANW – Get Free Report) Director Aparna Bawa sold 536 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $280.00, for a total transaction of $150,080.00. Following the completion of the sale, the director directly owned 7,704 shares in the company, valued at approximately $2,157,120. This represents a 6.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Aparna Bawa also recently made the following trade(s):
- On Thursday, June 11th, Aparna Bawa sold 555 shares of Palo Alto Networks stock. The stock was sold at an average price of $270.00, for a total value of $149,850.00.
- On Wednesday, June 10th, Aparna Bawa sold 377 shares of Palo Alto Networks stock. The stock was sold at an average price of $265.00, for a total value of $99,905.00.
Palo Alto Networks Trading Up 0.0%
Shares of NASDAQ PANW traded up $0.09 during trading on Friday, reaching $279.62. The company had a trading volume of 6,770,429 shares, compared to its average volume of 9,577,431. The stock has a market cap of $227.89 billion, a P/E ratio of 229.20, a PEG ratio of 9.77 and a beta of 0.94. The company’s fifty day moving average price is $214.06 and its 200-day moving average price is $188.58. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $302.95.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of PANW. Darwin Wealth Management LLC bought a new stake in Palo Alto Networks in the second quarter valued at $25,000. Steph & Co. boosted its position in shares of Palo Alto Networks by 88.2% during the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock worth $26,000 after purchasing an additional 67 shares in the last quarter. Knuff & Co LLC acquired a new stake in shares of Palo Alto Networks in the 4th quarter valued at about $26,000. Sittner & Nelson LLC increased its position in Palo Alto Networks by 73.8% in the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after buying an additional 62 shares in the last quarter. Finally, Luken Investment Analytics LLC increased its position in Palo Alto Networks by 196.2% in the 4th quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock valued at $28,000 after buying an additional 102 shares in the last quarter. 79.82% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have recently commented on PANW. JPMorgan Chase & Co. upped their price objective on shares of Palo Alto Networks from $200.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Arete Research raised shares of Palo Alto Networks from a “sell” rating to a “buy” rating and set a $185.00 target price for the company in a research note on Tuesday, March 3rd. Northland Securities upped their price target on shares of Palo Alto Networks from $190.00 to $302.00 and gave the company a “market perform” rating in a research report on Wednesday, June 3rd. TD Cowen reiterated a “buy” rating and set a $330.00 price target (up from $255.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $325.00 price objective (up from $285.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $306.59.
Get Our Latest Stock Report on PANW
About Palo Alto Networks
Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.
The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.
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