Palo Alto Networks (PANW) EVP Nir Zuk Sells 30,000 Shares

Palo Alto Networks (NYSE:PANW) EVP Nir Zuk sold 30,000 shares of the stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $179.57, for a total value of $5,387,100.00. Following the transaction, the executive vice president now owns 1,357,655 shares in the company, valued at approximately $243,794,108.35. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

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  • On Tuesday, March 6th, Nir Zuk sold 30,000 shares of Palo Alto Networks stock. The stock was sold at an average price of $181.65, for a total value of $5,449,500.00.
  • On Thursday, February 1st, Nir Zuk sold 30,000 shares of Palo Alto Networks stock. The stock was sold at an average price of $158.82, for a total value of $4,764,600.00.

Shares of PANW stock opened at $193.84 on Friday. Palo Alto Networks has a 12 month low of $107.37 and a 12 month high of $197.20. The stock has a market cap of $17,381.37, a PE ratio of -113.36 and a beta of 0.93.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings results on Monday, February 26th. The network technology company reported ($0.40) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.19). Palo Alto Networks had a negative net margin of 9.96% and a negative return on equity of 14.74%. The firm had revenue of $542.40 million for the quarter, compared to analyst estimates of $525.37 million. sell-side analysts anticipate that Palo Alto Networks will post -0.37 EPS for the current fiscal year.

Several research analysts have weighed in on the company. Monness Crespi & Hardt increased their price objective on Palo Alto Networks from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, March 22nd. Zacks Investment Research upgraded Palo Alto Networks from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. ValuEngine upgraded Palo Alto Networks from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Oppenheimer raised their price target on Palo Alto Networks from $180.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Finally, Royal Bank of Canada raised their price target on Palo Alto Networks to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirty-nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $181.86.

Several hedge funds have recently made changes to their positions in the company. Fairfield Bush & CO. acquired a new stake in shares of Palo Alto Networks during the fourth quarter valued at about $291,000. Grandeur Peak Global Advisors LLC boosted its stake in shares of Palo Alto Networks by 9.1% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 8,700 shares of the network technology company’s stock valued at $1,261,000 after purchasing an additional 725 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of Palo Alto Networks by 11.7% in the fourth quarter. Xact Kapitalforvaltning AB now owns 14,149 shares of the network technology company’s stock worth $2,051,000 after acquiring an additional 1,480 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Palo Alto Networks by 20.5% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 30,277 shares of the network technology company’s stock worth $4,388,000 after acquiring an additional 5,151 shares during the period. Finally, Halsey Associates Inc. CT lifted its stake in shares of Palo Alto Networks by 31.8% in the fourth quarter. Halsey Associates Inc. CT now owns 72,302 shares of the network technology company’s stock worth $10,479,000 after acquiring an additional 17,439 shares during the period. 82.10% of the stock is currently owned by hedge funds and other institutional investors.

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About Palo Alto Networks

Palo Alto Networks, Inc provides security platform solutions worldwide. Its platform includes Next-Generation Firewall that delivers application, user, and content visibility and control, as well as protection against network-based cyber threats; Advanced Endpoint Protection, which prevents cyber-attacks that exploit software vulnerabilities on various fixed, mobile, and virtual endpoints and servers; and Threat Intelligence Cloud, which offers central intelligence capabilities, security for software as a service applications, and automated delivery of preventative measures against cyber-attacks.

Insider Buying and Selling by Quarter for Palo Alto Networks (NYSE:PANW)

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