Palo Alto Networks, Inc. (NASDAQ:PANW – Get Free Report) Director Aparna Bawa sold 555 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $270.00, for a total transaction of $149,850.00. Following the sale, the director directly owned 8,240 shares in the company, valued at $2,224,800. This represents a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Aparna Bawa also recently made the following trade(s):
- On Friday, June 12th, Aparna Bawa sold 536 shares of Palo Alto Networks stock. The stock was sold at an average price of $280.00, for a total transaction of $150,080.00.
- On Wednesday, June 10th, Aparna Bawa sold 377 shares of Palo Alto Networks stock. The stock was sold at an average price of $265.00, for a total transaction of $99,905.00.
Palo Alto Networks Price Performance
Palo Alto Networks stock opened at $279.62 on Friday. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $302.95. The stock has a market capitalization of $227.89 billion, a P/E ratio of 229.20, a P/E/G ratio of 10.38 and a beta of 0.94. The firm’s 50-day moving average is $216.44 and its two-hundred day moving average is $189.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of PANW. Brighton Jones LLC raised its holdings in Palo Alto Networks by 147.7% in the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after buying an additional 4,031 shares during the period. Bison Wealth LLC raised its holdings in Palo Alto Networks by 169.1% in the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock valued at $948,000 after buying an additional 3,275 shares during the period. Sivia Capital Partners LLC raised its holdings in Palo Alto Networks by 66.3% in the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock valued at $713,000 after buying an additional 1,389 shares during the period. Osterweis Capital Management Inc. raised its holdings in Palo Alto Networks by 11,100.0% in the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company’s stock valued at $115,000 after buying an additional 555 shares during the period. Finally, Main Street Financial Solutions LLC raised its holdings in Palo Alto Networks by 6.0% in the second quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company’s stock valued at $900,000 after buying an additional 249 shares during the period. Hedge funds and other institutional investors own 79.82% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on PANW. Barclays reiterated an “overweight” rating and set a $315.00 price objective (up from $220.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Cantor Fitzgerald set a $340.00 price objective on shares of Palo Alto Networks and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Needham & Company LLC increased their price objective on shares of Palo Alto Networks from $200.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Argus increased their price objective on shares of Palo Alto Networks from $222.00 to $320.00 in a report on Friday, June 5th. Finally, Stephens increased their price objective on shares of Palo Alto Networks from $180.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $306.59.
Get Our Latest Stock Analysis on Palo Alto Networks
About Palo Alto Networks
Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.
The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.
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