Nir Zuk Sells 2,000 Shares of Palo Alto Networks, Inc. (PANW) Stock

Palo Alto Networks, Inc. (NYSE:PANW) insider Nir Zuk sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $145.01, for a total transaction of $290,020.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Palo Alto Networks, Inc. (PANW) opened at 142.53 on Friday. The company has a 50 day moving average price of $134.51 and a 200 day moving average price of $125.93. Palo Alto Networks, Inc. has a 12-month low of $107.31 and a 12-month high of $165.69. The company’s market capitalization is $13.09 billion.

Palo Alto Networks (NYSE:PANW) last posted its earnings results on Thursday, August 31st. The network technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.92). Palo Alto Networks had a negative return on equity of 19.72% and a negative net margin of 12.57%. The firm had revenue of $509.00 million for the quarter, compared to analyst estimates of $487.53 million. During the same period in the previous year, the company posted $0.50 EPS. Palo Alto Networks’s revenue was up 27.0% on a year-over-year basis. Equities analysts anticipate that Palo Alto Networks, Inc. will post $3.34 EPS for the current year.

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PANW has been the topic of a number of recent analyst reports. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $173.00 target price on shares of Palo Alto Networks in a research note on Tuesday, May 23rd. Piper Jaffray Companies set a $146.00 target price on shares of Palo Alto Networks and gave the stock a “buy” rating in a research note on Friday, August 25th. Cowen and Company reaffirmed an “outperform” rating and set a $165.00 price objective (up from $150.00) on shares of Palo Alto Networks in a report on Thursday, June 1st. Deutsche Bank AG reaffirmed a “hold” rating and set a $135.00 price objective (up from $125.00) on shares of Palo Alto Networks in a report on Thursday, June 1st. Finally, Susquehanna Bancshares Inc initiated coverage on shares of Palo Alto Networks in a report on Wednesday, June 7th. They set a “neutral” rating and a $145.00 price objective for the company. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $157.91.

A number of hedge funds have recently bought and sold shares of PANW. Capstone Asset Management Co. raised its position in Palo Alto Networks by 19.6% in the 1st quarter. Capstone Asset Management Co. now owns 2,254 shares of the network technology company’s stock valued at $254,000 after purchasing an additional 370 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Palo Alto Networks by 1,900.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the network technology company’s stock valued at $225,000 after purchasing an additional 1,900 shares in the last quarter. Waldron LP raised its position in Palo Alto Networks by 105.2% in the 1st quarter. Waldron LP now owns 12,850 shares of the network technology company’s stock valued at $1,749,000 after purchasing an additional 6,587 shares in the last quarter. ProShare Advisors LLC raised its position in Palo Alto Networks by 10.8% in the 1st quarter. ProShare Advisors LLC now owns 2,172 shares of the network technology company’s stock valued at $245,000 after purchasing an additional 211 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Palo Alto Networks by 0.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 45,645 shares of the network technology company’s stock valued at $5,135,000 after purchasing an additional 320 shares in the last quarter. 77.05% of the stock is currently owned by institutional investors.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.

Insider Buying and Selling by Quarter for Palo Alto Networks (NYSE:PANW)

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