Palo Alto Networks, Inc. (NASDAQ:PANW – Get Free Report) EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the sale, the executive vice president owned 145,250 shares of the company’s stock, valued at approximately $42,058,590. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Dipak Golechha also recently made the following trade(s):
- On Wednesday, April 1st, Dipak Golechha sold 5,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $160.42, for a total value of $802,100.00.
Palo Alto Networks Trading Down 1.9%
PANW traded down $5.66 during midday trading on Wednesday, reaching $285.26. 4,859,191 shares of the company’s stock traded hands, compared to its average volume of 9,404,315. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $302.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a fifty day moving average of $233.33 and a two-hundred day moving average of $194.05. The stock has a market capitalization of $232.49 billion, a price-to-earnings ratio of 233.82, a P/E/G ratio of 10.63 and a beta of 0.94.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Brighton Jones LLC grew its stake in shares of Palo Alto Networks by 147.7% in the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock worth $1,230,000 after buying an additional 4,031 shares during the last quarter. Bison Wealth LLC boosted 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 worth $948,000 after acquiring an additional 3,275 shares in the last quarter. Sivia Capital Partners LLC boosted 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 worth $713,000 after acquiring an additional 1,389 shares in the last quarter. Osterweis Capital Management Inc. grew its stake in shares of 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 worth $115,000 after acquiring an additional 555 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its stake in shares of 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 worth $900,000 after acquiring an additional 249 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
PANW has been the topic of a number of research reports. Wolfe Research reaffirmed an “outperform” rating and set a $320.00 target price on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Robert W. Baird set a $320.00 price target on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Oppenheimer raised their price objective on shares of Palo Alto Networks from $275.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Truist Financial lifted their price objective on Palo Alto Networks from $275.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Loop Capital upped their target price on Palo Alto Networks from $160.00 to $290.00 and gave the stock a “hold” rating in a report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $306.59.
Get Our Latest Stock Report on PANW
Palo Alto Networks Company Profile
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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