Palo Alto Networks, Inc. (NASDAQ:PANW – Get Free Report) Director Aparna Bawa sold 377 shares of Palo Alto Networks stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $265.00, for a total transaction of $99,905.00. Following the completion of the transaction, the director directly owned 8,795 shares in the company, valued at approximately $2,330,675. This represents a 4.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Aparna Bawa also recently made the following trade(s):
- On Friday, June 12th, Aparna Bawa sold 536 shares of Palo Alto Networks stock. The shares were sold at an average price of $280.00, for a total transaction of $150,080.00.
- On Thursday, June 11th, Aparna Bawa sold 555 shares of Palo Alto Networks stock. The shares were sold at an average price of $270.00, for a total transaction of $149,850.00.
Palo Alto Networks Trading Up 0.0%
NASDAQ:PANW opened at $279.62 on Friday. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $302.95. The firm has a market cap of $227.89 billion, a price-to-earnings ratio of 229.20, a P/E/G ratio of 10.38 and a beta of 0.94. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $216.44 and its 200-day moving average is $189.22.
Institutional Investors Weigh In On Palo Alto Networks
A number of institutional investors have recently bought and sold shares of the business. Rathbones Group PLC boosted its stake in Palo Alto Networks by 9.9% during the first quarter. Rathbones Group PLC now owns 942,520 shares of the network technology company’s stock worth $151,105,000 after buying an additional 84,915 shares in the last quarter. First Nebraska Trust Co acquired a new stake in Palo Alto Networks during the first quarter worth $534,000. Foguth Wealth Management LLC. acquired a new stake in Palo Alto Networks during the first quarter worth $168,000. Financial Solutions Advisory Group Inc. acquired a new stake in Palo Alto Networks during the first quarter worth $296,000. Finally, Integrated Investment Consultants LLC boosted its stake in Palo Alto Networks by 4.8% during the first quarter. Integrated Investment Consultants LLC now owns 2,188 shares of the network technology company’s stock worth $351,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on PANW shares. Robert W. Baird set a $320.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Guggenheim downgraded shares of Palo Alto Networks from a “neutral” rating to a “reduce” rating in a research note on Wednesday, May 27th. HSBC raised their price objective on shares of Palo Alto Networks from $114.00 to $207.00 in a research note on Thursday, June 4th. Wells Fargo & Company restated an “overweight” rating and issued a $325.00 price objective (up from $285.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Finally, Mizuho raised their price objective on shares of Palo Alto Networks from $265.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $306.59.
View Our Latest Stock Report on Palo Alto Networks
Palo Alto Networks Company Profile
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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