Palo Alto Networks (NASDAQ:PANW) CAO Sells $132,573.00 in Stock

Palo Alto Networks CAO Josh Paul sold 700 shares worth $132,573.00 on December 1st. Post-sale, he owns 46,805 shares valued at $8,864,398.95, a 1.47% decrease in his position. The sale was disclosed in an SEC document. Palo Alto Networks' recent earnings report showed $0.93 EPS, beating estimates, with revenue of $2.47 billion, up 15.7% year-over-year. Analysts have mixed ratings on the stock, with a consensus rating of 'Moderate Buy'.

Palo Alto Networks, Inc. (NASDAQ:PANW - Get Free Report) CAO Josh Paul sold 700 shares of Palo Alto Networks stock in a transaction on Monday, December 1st. The shares were sold at an average price of $189.39, for a total value of $132,573.00. Following the completion of the transaction, the chief accounting officer owned 46,805 shares in the company, valued at $8,864,398.95. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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Palo Alto Networks Stock Performance

12 Analysts Just Raised CrowdStrike Targets—Here’s What They See Coming

PANW stock traded up $2.15 during trading on Tuesday, reaching $189.88. 5,871,397 shares of the company traded hands, compared to its average volume of 6,228,803. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $223.61. The business has a 50 day simple moving average of $206.59 and a 200 day simple moving average of $197.26. The company has a market capitalization of $132.35 billion, a price-to-earnings ratio of 120.18, a price-to-earnings-growth ratio of 4.50 and a beta of 0.79.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its earnings results on Thursday, November 20th. The network technology company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. Palo Alto Networks had a net margin of 11.69% and a return on equity of 17.05%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the company posted $1.56 earnings per share. The firm's revenue was up 15.7% on a year-over-year basis. As a group, research analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Institutional Inflows and Outflows

Palo Alto Networks Stock Just Pulled Back—Is This a Prime Buy Zone?

A number of hedge funds have recently modified their holdings of the company. Darwin Wealth Management LLC acquired a new position in Palo Alto Networks in the 2nd quarter worth approximately $25,000. Whipplewood Advisors LLC boosted its holdings in shares of Palo Alto Networks by 6,400.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company's stock valued at $27,000 after acquiring an additional 128 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in shares of Palo Alto Networks in the second quarter worth $28,000. Howard Hughes Medical Institute purchased a new position in shares of Palo Alto Networks during the second quarter worth $29,000. Finally, Winch Advisory Services LLC lifted its position in Palo Alto Networks by 96.1% during the third quarter. Winch Advisory Services LLC now owns 149 shares of the network technology company's stock valued at $30,000 after purchasing an additional 73 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PANW has been the subject of several recent analyst reports. HSBC downgraded shares of Palo Alto Networks from a "hold" rating to a "reduce" rating and set a $157.00 target price for the company. in a research note on Thursday, November 20th. Evercore ISI boosted their target price on Palo Alto Networks from $220.00 to $250.00 and gave the stock an "outperform" rating in a research note on Thursday, November 13th. Mizuho upped their target price on Palo Alto Networks from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Monday, November 17th. Wedbush reissued an "outperform" rating and issued a $225.00 price target on shares of Palo Alto Networks in a report on Thursday, November 20th. Finally, Sanford C. Bernstein boosted their price target on Palo Alto Networks from $207.00 to $210.00 and gave the stock an "outperform" rating in a research note on Thursday, November 20th. Thirty equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Palo Alto Networks currently has a consensus rating of "Moderate Buy" and a consensus target price of $225.09.

CrowdStrike at All-Time High: Still a Buy, or Time to Trim?

Read Our Latest Analysis on Palo Alto Networks

Palo Alto Networks Company Profile

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Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.

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