Lee Klarich Sells 4,000 Shares of Palo Alto Networks Inc (NYSE:PANW) Stock

Palo Alto Networks Inc (NYSE:PANW) EVP Lee Klarich sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $217.33, for a total value of $869,320.00. Following the completion of the sale, the executive vice president now directly owns 282,222 shares in the company, valued at $61,335,307.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Lee Klarich also recently made the following trade(s):

  • On Tuesday, June 11th, Lee Klarich sold 7,662 shares of Palo Alto Networks stock. The shares were sold at an average price of $201.29, for a total value of $1,542,283.98.
  • On Thursday, May 9th, Lee Klarich sold 4,500 shares of Palo Alto Networks stock. The shares were sold at an average price of $234.11, for a total value of $1,053,495.00.

Palo Alto Networks stock opened at $217.66 on Friday. The business has a 50 day moving average of $205.69. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market capitalization of $20.43 billion, a price-to-earnings ratio of -395.75, a P/E/G ratio of 10.28 and a beta of 0.91. Palo Alto Networks Inc has a one year low of $160.08 and a one year high of $260.63.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings data on Wednesday, May 29th. The network technology company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.06). The company had revenue of $726.60 million during the quarter, compared to analyst estimates of $704.89 million. Palo Alto Networks had a positive return on equity of 5.42% and a negative net margin of 2.30%. Palo Alto Networks’s revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 earnings per share. As a group, analysts predict that Palo Alto Networks Inc will post 0.87 EPS for the current year.

Several analysts recently weighed in on the company. Robert W. Baird reaffirmed a “neutral” rating and issued a $13.00 price objective (down from $18.00) on shares of Bed Bath & Beyond in a research note on Thursday. Cowen cut their price target on Nordstrom from $44.00 to $36.00 and set a “market perform” rating on the stock in a research note on Thursday, May 23rd. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,370 ($17.90) price target on shares of in a research note on Thursday, May 30th. Deutsche Bank set a $18.00 price target on Commercial Metals and gave the company a “buy” rating in a research note on Thursday, May 30th. Finally, Credit Suisse Group reissued a “buy” rating and set a $241.00 price target on shares of FedEx in a research note on Thursday, May 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $263.03.

Several institutional investors have recently bought and sold shares of PANW. Alpha Omega Wealth Management LLC acquired a new position in shares of Palo Alto Networks in the first quarter worth approximately $26,000. Manchester Capital Management LLC bought a new stake in Palo Alto Networks in the first quarter worth approximately $26,000. C J Advisory Inc bought a new stake in Palo Alto Networks in the first quarter worth approximately $30,000. Cable Hill Partners LLC increased its holdings in Palo Alto Networks by 226.1% in the first quarter. Cable Hill Partners LLC now owns 150 shares of the network technology company’s stock worth $37,000 after purchasing an additional 104 shares in the last quarter. Finally, Arrow Financial Corp bought a new stake in Palo Alto Networks in the first quarter worth approximately $40,000. 79.04% of the stock is currently owned by institutional investors.

About Palo Alto Networks

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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