Palo Alto Networks Inc (NYSE:PANW) EVP Nir Zuk sold 30,000 shares of the stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $186.20, for a total transaction of $5,586,000.00. Following the completion of the transaction, the executive vice president now directly owns 1,121,927 shares of the company’s stock, valued at approximately $208,902,807.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Nir Zuk also recently made the following trade(s):
- On Monday, October 1st, Nir Zuk sold 30,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $225.36, for a total transaction of $6,760,800.00.
- On Friday, September 14th, Nir Zuk sold 30,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $234.70, for a total transaction of $7,041,000.00.
Shares of NYSE:PANW opened at $182.79 on Tuesday. The company has a market cap of $17.38 billion, a PE ratio of -332.35, a P/E/G ratio of 12.94 and a beta of 1.22. Palo Alto Networks Inc has a one year low of $135.85 and a one year high of $239.50. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.93 and a current ratio of 1.93.
Palo Alto Networks (NYSE:PANW) last issued its earnings results on Thursday, September 6th. The network technology company reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.11. The business had revenue of $658.10 million for the quarter, compared to analyst estimates of $634.14 million. Palo Alto Networks had a negative net margin of 6.51% and a negative return on equity of 4.12%. The company’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. Sell-side analysts anticipate that Palo Alto Networks Inc will post 0.61 earnings per share for the current year.
A number of research analysts recently commented on the stock. ValuEngine downgraded shares of Palo Alto Networks from a “strong-buy” rating to a “buy” rating in a report on Monday, October 29th. Summit Insights downgraded shares of Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Monday, October 29th. Wedbush assumed coverage on shares of Palo Alto Networks in a report on Thursday, October 18th. They issued a “neutral” rating and a $225.00 price target for the company. Robert W. Baird reaffirmed an “outperform” rating on shares of Palo Alto Networks in a report on Thursday, October 18th. Finally, Zacks Investment Research raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $238.00 price target for the company in a report on Tuesday, October 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $240.94.
Several large investors have recently modified their holdings of PANW. Banco de Sabadell S.A purchased a new position in shares of Palo Alto Networks during the second quarter worth approximately $103,000. CIBC Private Wealth Group LLC increased its position in shares of Palo Alto Networks by 2,475.0% during the second quarter. CIBC Private Wealth Group LLC now owns 515 shares of the network technology company’s stock worth $106,000 after acquiring an additional 495 shares during the period. First Manhattan Co. purchased a new position in shares of Palo Alto Networks during the third quarter worth approximately $106,000. Price Capital Management Inc. purchased a new position in shares of Palo Alto Networks during the third quarter worth approximately $113,000. Finally, LeJeune Puetz Investment Counsel LLC purchased a new position in Palo Alto Networks during the second quarter valued at approximately $123,000. 80.09% 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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