Palo Alto Networks Inc (PANW) CEO Mark D. Mclaughlin Sells 35,000 Shares of Stock

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.

Large investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC raised its stake in shares of Palo Alto Networks by 12.6% in the third quarter. Parametric Portfolio Associates LLC now owns 105,008 shares of the network technology company’s stock worth $15,132,000 after purchasing an additional 11,774 shares during the last quarter. AXA increased its position in shares of Palo Alto Networks by 12.0% during the third quarter. AXA now owns 119,513 shares of the network technology company’s stock valued at $17,222,000 after acquiring an additional 12,826 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Palo Alto Networks during the third quarter valued at approximately $717,000. Public Employees Retirement System of Ohio increased its position in Palo Alto Networks by 31.8% in the third quarter. Public Employees Retirement System of Ohio now owns 52,196 shares of the network technology company’s stock worth $7,521,000 after buying an additional 12,605 shares during the last quarter. Finally, IFM Investors Pty Ltd purchased a new stake in Palo Alto Networks in the third quarter worth $366,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

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.

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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.

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

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