Palo Alto Networks Inc (PANW) EVP Sells $4,764,600.00 in Stock

Palo Alto Networks Inc (NYSE:PANW) EVP Nir Zuk sold 30,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $158.82, for a total transaction of $4,764,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Nir Zuk also recently made the following trade(s):

  • On Tuesday, January 2nd, Nir Zuk sold 30,000 shares of Palo Alto Networks stock. The stock was sold at an average price of $148.03, for a total transaction of $4,440,900.00.
  • On Friday, December 15th, Nir Zuk sold 23,603 shares of Palo Alto Networks stock. The stock was sold at an average price of $148.04, for a total transaction of $3,494,188.12.
  • On Monday, December 18th, Nir Zuk sold 28,000 shares of Palo Alto Networks stock. The stock was sold at an average price of $148.08, for a total transaction of $4,146,240.00.
  • On Friday, December 1st, Nir Zuk sold 2,000 shares of Palo Alto Networks stock. The stock was sold at an average price of $144.28, for a total transaction of $288,560.00.
  • On Tuesday, November 7th, Nir Zuk sold 28,000 shares of Palo Alto Networks stock. The stock was sold at an average price of $148.05, for a total transaction of $4,145,400.00.

Shares of Palo Alto Networks Inc (NYSE PANW) opened at $153.54 on Tuesday. Palo Alto Networks Inc has a 52 week low of $107.31 and a 52 week high of $160.83. The stock has a market cap of $14,110.00, a price-to-earnings ratio of -62.41 and a beta of 1.04.

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 (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.06. Palo Alto Networks had a negative net margin of 11.97% and a negative return on equity of 15.77%. The firm had revenue of $505.50 million for the quarter, compared to analyst estimates of $489.36 million. During the same period in the previous year, the business earned $0.55 EPS. The company’s revenue was up 27.0% compared to the same quarter last year. equities research analysts expect that Palo Alto Networks Inc will post -0.37 EPS for the current year.

Several research firms recently issued reports on PANW. Zacks Investment Research raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a research report on Tuesday, November 28th. Jefferies Group reissued a “buy” rating and issued a $183.00 price target (up previously from $168.00) on shares of Palo Alto Networks in a research report on Tuesday, November 21st. Piper Jaffray Companies reissued an “overweight” rating and issued a $173.00 price target (up previously from $155.00) on shares of Palo Alto Networks in a research report on Tuesday, November 21st. Royal Bank of Canada increased their price target on shares of Palo Alto Networks from $159.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 21st. Finally, Evercore ISI raised shares of Palo Alto Networks from an “in-line” rating to an “outperform” rating and set a $180.00 price objective for the company in a report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-four have issued a buy rating to the stock. Palo Alto Networks currently has a consensus rating of “Buy” and an average target price of $167.39.

A number of hedge funds have recently modified their holdings of the business. American Century Companies Inc. increased its stake in Palo Alto Networks by 36.0% in the 3rd quarter. American Century Companies Inc. now owns 2,376,862 shares of the network technology company’s stock valued at $342,506,000 after buying an additional 629,523 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in Palo Alto Networks by 7.2% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,387,411 shares of the network technology company’s stock valued at $199,926,000 after buying an additional 92,622 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Palo Alto Networks by 35.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,068,289 shares of the network technology company’s stock valued at $153,798,000 after buying an additional 279,602 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in shares of Palo Alto Networks by 31.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 682,000 shares of the network technology company’s stock worth $98,276,000 after purchasing an additional 164,300 shares during the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new position in shares of Palo Alto Networks during the 4th quarter worth about $70,582,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Stock Observer and is the sole property of of Stock Observer. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://www.thestockobserver.com/2018/02/06/palo-alto-networks-inc-panw-evp-sells-4764600-00-in-stock.html.

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)

Receive News & Ratings for Palo Alto Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply