Palo Alto Networks Inc (PANW) EVP Lee Klarich Sells 7,500 Shares

Palo Alto Networks Inc (NYSE:PANW) EVP Lee Klarich sold 7,500 shares of the company’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $224.60, for a total transaction of $1,684,500.00. Following the sale, the executive vice president now directly owns 314,920 shares in the company, valued at approximately $70,731,032. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lee Klarich also recently made the following trade(s):

  • On Thursday, January 10th, Lee Klarich sold 4,500 shares of Palo Alto Networks stock. The shares were sold at an average price of $191.53, for a total transaction of $861,885.00.
  • On Tuesday, December 11th, Lee Klarich sold 4,500 shares of Palo Alto Networks stock. The shares were sold at an average price of $185.00, for a total transaction of $832,500.00.

Shares of NYSE PANW traded down $2.29 during trading on Wednesday, hitting $222.16. 1,243,408 shares of the company traded hands, compared to its average volume of 1,204,814. Palo Alto Networks Inc has a fifty-two week low of $155.75 and a fifty-two week high of $239.50. The firm has a market capitalization of $21.35 billion, a P/E ratio of -403.93, a P/E/G ratio of 13.47 and a beta of 0.91. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 1.10.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings data on Thursday, November 29th. The network technology company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.02. Palo Alto Networks had a negative net margin of 5.04% and a negative return on equity of 1.72%. The firm had revenue of $656.00 million for the quarter, compared to analyst estimates of $632.16 million. During the same quarter in the prior year, the business earned $0.74 earnings per share. The business’s quarterly revenue was up 30.7% compared to the same quarter last year. Equities research analysts forecast that Palo Alto Networks Inc will post 0.71 EPS for the current year.

A number of analysts have commented on the stock. First Analysis raised shares of Palo Alto Networks from an “outperform” rating to a “strong-buy” rating and set a $177.00 price target on the stock in a research report on Sunday, December 9th. ValuEngine raised shares of Palo Alto Networks from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 4th. Jefferies Financial Group cut their price target on shares of Palo Alto Networks from $267.00 to $249.00 and set a “buy” rating on the stock in a research report on Friday, November 30th. Robert W. Baird reaffirmed an “outperform” rating on shares of Palo Alto Networks in a research report on Thursday, October 18th. Finally, Wedbush raised shares of Palo Alto Networks from a “neutral” rating to an “outperform” rating and upped their price target for the company from $225.00 to $265.00 in a research report on Thursday, January 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have issued a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $244.76.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bruderman Asset Management LLC acquired a new stake in shares of Palo Alto Networks in the 4th quarter worth about $38,000. Karp Capital Management Corp acquired a new stake in shares of Palo Alto Networks in the 4th quarter worth about $40,000. Benjamin F. Edwards & Company Inc. increased its stake in Palo Alto Networks by 26.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 262 shares of the network technology company’s stock valued at $49,000 after buying an additional 55 shares during the last quarter. Bollard Group LLC purchased a new stake in Palo Alto Networks in the 4th quarter valued at about $57,000. Finally, Citizens Financial Group Inc RI increased its stake in Palo Alto Networks by 114.2% in the 4th quarter. Citizens Financial Group Inc RI now owns 392 shares of the network technology company’s stock valued at $74,000 after buying an additional 209 shares during the last quarter. Institutional investors own 80.63% of the company’s stock.

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About Palo Alto Networks

Palo Alto Networks, Inc provides security platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.

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

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