Palo Alto Networks Inc (PANW) Director Sells $1,313,520.00 in Stock

Palo Alto Networks Inc (NYSE:PANW) Director Mark D. Mclaughlin sold 6,736 shares of the stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $195.00, for a total value of $1,313,520.00. Following the sale, the director now owns 221,926 shares in the company, valued at approximately $43,275,570. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of PANW stock traded down $0.14 during mid-day trading on Friday, hitting $195.86. 39,115 shares of the company’s stock were exchanged, compared to its average volume of 1,248,610. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $18.32 billion, a price-to-earnings ratio of -356.11, a price-to-earnings-growth ratio of 11.58 and a beta of 0.81. Palo Alto Networks Inc has a fifty-two week low of $148.41 and a fifty-two week high of $239.50.

Palo Alto Networks (NYSE:PANW) last issued its earnings results on Thursday, November 29th. The network technology company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. The business had revenue of $656.00 million for the quarter, compared to analyst estimates of $632.16 million. Palo Alto Networks had a negative return on equity of 1.72% and a negative net margin of 5.04%. The business’s quarterly revenue was up 30.7% on a year-over-year basis. During the same period last year, the company posted $0.74 EPS. As a group, analysts anticipate that Palo Alto Networks Inc will post 0.71 earnings per share for the current fiscal year.

A number of brokerages have commented on PANW. UBS Group upgraded Palo Alto Networks to a “neutral” rating in a report on Wednesday, October 3rd. Morgan Stanley increased their target price on Palo Alto Networks to $276.00 and gave the company a “top pick” rating in a report on Monday, October 8th. Zacks Investment Research upgraded Palo Alto Networks from a “hold” rating to a “buy” rating and set a $238.00 target price on the stock in a report on Tuesday, October 9th. Robert W. Baird reiterated an “outperform” rating on shares of Palo Alto Networks in a report on Thursday, October 18th. Finally, Wedbush began coverage on Palo Alto Networks in a report on Thursday, October 18th. They set a “neutral” rating and a $225.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $238.60.

Several institutional investors and hedge funds have recently modified their holdings of the stock. CENTRAL TRUST Co raised its position in shares of Palo Alto Networks by 7.5% in the 4th quarter. CENTRAL TRUST Co now owns 801 shares of the network technology company’s stock worth $151,000 after buying an additional 56 shares during the period. North Star Investment Management Corp. raised its position in shares of Palo Alto Networks by 28.6% in the 4th quarter. North Star Investment Management Corp. now owns 450 shares of the network technology company’s stock worth $85,000 after buying an additional 100 shares during the period. Advisors Capital Management LLC raised its position in shares of Palo Alto Networks by 1.3% in the 3rd quarter. Advisors Capital Management LLC now owns 19,705 shares of the network technology company’s stock worth $4,439,000 after buying an additional 246 shares during the period. ACG Wealth raised its position in shares of Palo Alto Networks by 15.8% in the 3rd quarter. ACG Wealth now owns 1,901 shares of the network technology company’s stock worth $428,000 after buying an additional 260 shares during the period. Finally, Utah Retirement Systems raised its position in shares of Palo Alto Networks by 1.8% in the 3rd quarter. Utah Retirement Systems now owns 16,700 shares of the network technology company’s stock worth $3,762,000 after buying an additional 300 shares during the period. 80.29% of the stock is currently owned by institutional investors and hedge funds.

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Palo Alto Networks Company Profile

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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