Insider Promoting: Palo Alto Networks, Inc. (NASDAQ:PANW) EVP Sells 4,135 Shares of Inventory

Palo Alto Networks logoPalo Alto Networks, Inc. (NASDAQ:PANW – Get Ranking) EVP Lee Klarich offered 4,135 shares of Palo Alto Networks inventory in a transaction that occurred on Wednesday, August tenth. The shares had been offered at a mean worth of $514.72, for a complete transaction of $2,128,367.20. Following the sale, the manager vice chairman now owns 236.024 shares of the corporate’s inventory, valued at $121,486,273.28. The transaction was disclosed in a doc filed with the SEC, which is out there on the SEC web site.

Lee Klarich additionally just lately made the next commerce(s):

  • On Tuesday, July twelfth, Lee Klarich offered 4,162 shares of Palo Alto Networks inventory. The shares had been offered at a mean worth of $520.47, for a complete worth of $2,166,196.14.
  • On Friday, June tenth, Lee Klarich offered 4,807 shares of Palo Alto Networks inventory. The shares had been offered at a mean worth of $81,700.59, for a complete worth of $392,734,736.13.

Palo Alto Networks Inventory Efficiency

PANW opened at $516.51 on Friday. The agency has a 50 day transferring common worth of $502.31 and a 200 day transferring common worth of $530.36. The corporate has a market cap of $51.46 billion, a PE ratio of -129.78, a price-to-earnings-growth ratio of twenty-two.44 and a beta of 1.18. Palo Alto Networks, Inc. has a 1 yr low of $358.37 and a 1 yr excessive of $640.90.

Palo Alto Networks (NASDAQ:PANW – Get Ranking) final posted its earnings outcomes on Thursday, Could nineteenth. The community know-how firm reported ($0.61) earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of ($0.40) by ($0.21). The enterprise had income of $1.39 billion for the quarter, in comparison with analyst estimates of $1.36 billion. Palo Alto Networks had a destructive return on fairness of 57.50% and a destructive web margin of seven.54%. The agency’s income for the quarter was up 29.1% in comparison with the identical quarter final yr. Throughout the identical interval final yr, the corporate posted ($0.62) EPS. On common, sell-side analysts predict that Palo Alto Networks, Inc. will submit -0.73 earnings per share for the present yr.

Wall Road Analyst Weigh In

A number of fairness analysis analysts just lately commented on the inventory. Morgan Stanley boosted their worth goal on shares of Palo Alto Networks from $670.00 to $823.00 and gave the inventory an “chubby” ranking in a analysis report on Monday, April twenty fifth. Wells Fargo & Firm reiterated a “purchase” ranking and issued a $700.00 worth goal on shares of Palo Alto Networks in a analysis report on Friday, Could twentieth. Wedbush decreased their worth goal on shares of Palo Alto Networks from $660.00 to $580.00 and set an “outperform” ranking on the inventory in a analysis report on Friday, Could twentieth. Wolfe Analysis assumed protection on shares of Palo Alto Networks in a analysis report on Monday, August 1st. They issued an “outperform” ranking and a $700.00 worth goal on the inventory. Lastly, Oppenheimer decreased their worth goal on shares of Palo Alto Networks from $700.00 to $600.00 in a analysis report on Friday, Could twentieth. Three analysts have rated the inventory with a maintain ranking and thirty-one have given a purchase ranking to the inventory. In response to knowledge from MarketBeat, Palo Alto Networks at present has a consensus ranking of “Reasonable Purchase” and a mean goal worth of $629.67.

Hedge Funds Weigh In On Palo Alto Networks

Numerous institutional buyers and hedge funds have just lately purchased and offered shares of PANW. Nuveen Asset Administration LLC boosted its holdings in Palo Alto Networks by 317.3% within the 4th quarter. Nuveen Asset Administration LLC now owns 1,237,932 shares of the community know-how firm’s inventory value $689,231,000 after buying a further 941,271 shares in the course of the interval. Norges Financial institution bought a brand new place in Palo Alto Networks within the 4th quarter value roughly $522,352,000. Winslow Capital Administration LLC bought a brand new place in Palo Alto Networks within the 1st quarter value roughly $410,696,000. Jennison Associates LLC boosted its holdings in Palo Alto Networks by 388.4% within the 2nd quarter. Jennison Associates LLC now owns 639,039 shares of the community know-how firm’s inventory value $315,647,000 after buying a further 508,194 shares in the course of the interval. Lastly, Cadian Capital Administration LP boosted its holdings in Palo Alto Networks by 75.6% within the 1st quarter. Cadian Capital Administration LP now owns 551,653 shares of the community know-how firm’s inventory value $343,410,000 after buying a further 237,500 shares in the course of the interval. Hedge funds and different institutional buyers personal 84.33% of the corporate’s inventory.

Palo Alto Networks Firm Profile

(Get Ranking)

Palo Alto Networks, Inc. supplies cybersecurity options worldwide. The corporate affords firewall home equipment and software program; Panorama, a safety administration resolution for the management of firewall home equipment and software program deployed on an end-customer’s community and cases in public or non-public cloud environments, as a digital or a bodily equipment; and digital system upgrades, which can be found as extensions to the digital system capability that ships with bodily home equipment.

Advisable Tales

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

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