Palo Alto Networks Inc (NYSE:PANW) CEO Mark D. Mclaughlin sold 35,000 shares of Palo Alto Networks stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $149.50, for a total value of $5,232,500.00. Following the transaction, the chief executive officer now owns 348,901 shares in the company, valued at approximately $52,160,699.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Palo Alto Networks Inc (NYSE PANW) opened at $152.97 on Friday. Palo Alto Networks Inc has a fifty-two week low of $107.31 and a fifty-two week high of $157.65. The stock has a market capitalization of $14,060.00, a PE ratio of -62.18 and a beta of 0.99.
Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings results on Monday, November 20th. The network technology company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.06. Palo Alto Networks had a negative return on equity of 15.77% and a negative net margin of 11.97%. The company had revenue of $505.50 million during the quarter, compared to analysts’ expectations of $489.36 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business’s quarterly revenue was up 27.0% on a year-over-year basis. equities research analysts predict that Palo Alto Networks Inc will post -0.37 earnings per share for the current year.
A number of brokerages recently issued reports on PANW. Dougherty & Co reissued a “buy” rating and issued a $180.00 target price (up previously from $170.00) on shares of Palo Alto Networks in a research report on Tuesday, November 21st. FBN Securities raised Palo Alto Networks from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, November 21st. Zacks Investment Research raised Palo Alto Networks from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research report on Tuesday, November 28th. BidaskClub raised Palo Alto Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Oppenheimer reissued a “buy” rating and issued a $180.00 target price (up previously from $173.00) on shares of Palo Alto Networks in a research report on Tuesday, November 21st. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-two have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $164.89.
About Palo Alto Networks
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.
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