Palo Alto Networks Inc (NYSE:PANW) Director Mark D. Mclaughlin Sells 40,000 Shares

Palo Alto Networks Inc (NYSE:PANW) Director Mark D. Mclaughlin sold 40,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $207.78, for a total transaction of $8,311,200.00. Following the completion of the sale, the director now owns 240,236 shares in the company, valued at $49,916,236.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE:PANW traded up $7.45 during midday trading on Monday, reaching $215.80. 1,409,615 shares of the company were exchanged, compared to its average volume of 1,340,570. Palo Alto Networks Inc has a fifty-two week low of $160.08 and a fifty-two week high of $260.63. The company has a quick ratio of 1.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.90. The stock has a fifty day simple moving average of $211.77 and a two-hundred day simple moving average of $222.93. The firm has a market cap of $20.29 billion, a PE ratio of 342.54, a P/E/G ratio of 19.17 and a beta of 0.94.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings data on Wednesday, September 4th. The network technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). Palo Alto Networks had a positive return on equity of 4.82% and a negative net margin of 2.82%. The company had revenue of $805.80 million for the quarter, compared to analyst estimates of $803.56 million. During the same quarter in the previous year, the business earned $1.28 earnings per share. The company’s revenue was up 22.4% on a year-over-year basis. As a group, analysts forecast that Palo Alto Networks Inc will post 0.47 earnings per share for the current year.

Several equities research analysts have weighed in on the stock. Barclays cut their target price on shares of Palo Alto Networks from $303.00 to $242.00 and set an “overweight” rating on the stock in a report on Thursday, May 30th. Raymond James cut their target price on shares of Palo Alto Networks from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Thursday, May 30th. JPMorgan Chase & Co. increased their target price on shares of Palo Alto Networks from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Jefferies Financial Group cut their target price on shares of Palo Alto Networks from $296.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, May 30th. Finally, Northland Securities reiterated a “hold” rating and issued a $240.00 target price on shares of Palo Alto Networks in a report on Monday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Palo Alto Networks has an average rating of “Buy” and a consensus target price of $261.23.

Several large investors have recently modified their holdings of PANW. Manchester Capital Management LLC bought a new position in Palo Alto Networks in the first quarter valued at $26,000. Tower Research Capital LLC TRC bought a new position in Palo Alto Networks in the second quarter valued at $30,000. CSat Investment Advisory L.P. bought a new position in Palo Alto Networks in the second quarter valued at $33,000. Cable Hill Partners LLC grew its position 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 valued at $37,000 after purchasing an additional 104 shares in the last quarter. Finally, Berman Capital Advisors LLC grew its position in Palo Alto Networks by 32.1% in the first quarter. Berman Capital Advisors LLC now owns 177 shares of the network technology company’s stock valued at $42,000 after purchasing an additional 43 shares in the last quarter. Institutional investors and hedge funds own 79.37% of the company’s stock.

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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