Palo Alto Networks, Inc. (NASDAQ:PANW – Get Free Report) Director Aparna Bawa sold 1,000 shares of Palo Alto Networks stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $373.61, for a total transaction of $373,610.00. Following the completion of the transaction, the director owned 5,437 shares of the company’s stock, valued at $2,031,317.57. This trade represents a 15.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Aparna Bawa also recently made the following trade(s):
- On Tuesday, September 15th, Aparna Bawa sold 500 shares of Palo Alto Networks stock. The stock was sold at an average price of $377.18, for a total transaction of $188,590.00.
- On Wednesday, July 1st, Aparna Bawa sold 290 shares of Palo Alto Networks stock. The shares were sold at an average price of $348.74, for a total transaction of $101,134.60.
- On Monday, June 29th, Aparna Bawa sold 632 shares of Palo Alto Networks stock. The stock was sold at an average price of $318.67, for a total transaction of $201,399.44.
- On Monday, June 22nd, Aparna Bawa sold 345 shares of Palo Alto Networks stock. The shares were sold at an average price of $290.17, for a total value of $100,108.65.
Palo Alto Networks Trading Down 3.1%
NASDAQ:PANW opened at $363.58 on Friday. The stock has a fifty day moving average price of $352.93 and a 200 day moving average price of $268.99. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $398.88. The firm has a market cap of $297.41 billion, a PE ratio of 712.92, a price-to-earnings-growth ratio of 10.82 and a beta of 0.91.
Analysts Set New Price Targets
PANW has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $430.00 price objective (up from $350.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. DA Davidson raised their price target on Palo Alto Networks from $345.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Morgan Stanley reaffirmed an “overweight” rating and set a $394.00 price target (up from $387.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. FBN Securities reiterated an “outperform” rating on shares of Palo Alto Networks in a report on Wednesday, July 1st. Finally, Berenberg Bank raised their target price on Palo Alto Networks from $290.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Thirty-eight investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $389.68.
Read Our Latest Analysis on Palo Alto Networks
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Solstein Capital LLC purchased a new position in shares of Palo Alto Networks during the second quarter worth about $26,000. Sittner & Nelson LLC lifted its position in Palo Alto Networks by 73.8% during the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock worth $27,000 after acquiring an additional 62 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Palo Alto Networks in the 2nd quarter valued at approximately $27,000. Delos Wealth Advisors LLC purchased a new position in shares of Palo Alto Networks in the 2nd quarter valued at approximately $28,000. Finally, Principia Wealth Advisory LLC increased its holdings in shares of Palo Alto Networks by 125.0% in the second quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock valued at $28,000 after purchasing an additional 45 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.
Palo Alto Networks Company Profile
Palo Alto Networks, Inc is a cybersecurity company that provides security products and services to businesses, governments and other organizations worldwide. The company helps customers protect networks, cloud environments, endpoints, applications and connected devices from cyber threats.
Its portfolio includes next-generation firewalls and network security technologies, as well as cloud-delivered security solutions such as Prisma Access and Prisma Cloud. Palo Alto Networks also offers Cortex products for endpoint protection, security operations, threat detection and response, and automation.
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