Palo Alto Networks, Inc. (NYSE:PANW) Director Mark D. Mclaughlin Sells 1,500 Shares


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Palo Alto Networks, Inc. (NYSE:PANW) Director Mark D. Mclaughlin sold 1,500 shares of Palo Alto Networks stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $353.84, for a total transaction of $530,760.00.

Mark D. Mclaughlin also recently made the following trade(s):

  • On Monday, March 8th, Mark D. Mclaughlin sold 1,500 shares of Palo Alto Networks stock. The stock was sold at an average price of $339.51, for a total transaction of $509,265.00.

Palo Alto Networks stock traded down $3.48 during mid-day trading on Tuesday, hitting $345.60. 864,602 shares of the company’s stock were exchanged, compared to its average volume of 1,111,160. The company’s 50 day simple moving average is $342.28 and its 200-day simple moving average is $330.06. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.18. The firm has a market capitalization of $33.61 billion, a P/E ratio of -111.48 and a beta of 1.50. Palo Alto Networks, Inc. has a fifty-two week low of $193.76 and a fifty-two week high of $403.00.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings results on Sunday, February 21st. The network technology company reported $1.55 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.12. Palo Alto Networks had a negative return on equity of 8.66% and a negative net margin of 8.36%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $985.90 million. During the same quarter last year, the firm posted $1.19 earnings per share. Palo Alto Networks’s revenue was up 24.5% compared to the same quarter last year. Research analysts expect that Palo Alto Networks, Inc. will post -1.69 EPS for the current year.

Several analysts have recently weighed in on PANW shares. JMP Securities lifted their target price on shares of Palo Alto Networks from $310.00 to $430.00 in a research report on Wednesday, February 17th. Deutsche Bank Aktiengesellschaft boosted their target price on Palo Alto Networks from $423.00 to $426.00 and gave the stock a “buy” rating in a report on Monday, March 1st. Oppenheimer increased their target price on Palo Alto Networks from $305.00 to $420.00 and gave the stock an “outperform” rating in a report on Monday, March 1st. DA Davidson lifted their price target on Palo Alto Networks from $325.00 to $450.00 and gave the company a “buy” rating in a report on Monday, March 1st. Finally, Piper Sandler increased their price objective on shares of Palo Alto Networks from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Monday, March 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $382.71.

A number of hedge funds have recently made changes to their positions in the business. Fisher Asset Management LLC boosted its holdings in shares of Palo Alto Networks by 3.0% in the first quarter. Fisher Asset Management LLC now owns 967 shares of the network technology company’s stock valued at $311,000 after buying an additional 28 shares during the period. Westhampton Capital LLC boosted its stake in Palo Alto Networks by 1.1% in the 4th quarter. Westhampton Capital LLC now owns 2,700 shares of the network technology company’s stock worth $960,000 after purchasing an additional 30 shares during the period. Resonant Capital Advisors LLC increased its holdings in Palo Alto Networks by 2.4% during the 4th quarter. Resonant Capital Advisors LLC now owns 1,315 shares of the network technology company’s stock worth $467,000 after purchasing an additional 31 shares in the last quarter. HighPoint Advisor Group LLC raised its stake in shares of Palo Alto Networks by 4.1% in the 1st quarter. HighPoint Advisor Group LLC now owns 793 shares of the network technology company’s stock valued at $277,000 after purchasing an additional 31 shares during the period. Finally, Michael B. Yongue lifted its holdings in shares of Palo Alto Networks by 1.4% in the fourth quarter. Michael B. Yongue now owns 2,346 shares of the network technology company’s stock valued at $834,000 after purchasing an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc engages in the provision of network security solutions to enterprises, service providers, and government entities. It operates through the following geographical segments: Americas; Europe, the Middle East, and Africa; and Asia Pacific and Japan. The company was founded by Nir Zuk, Rajiv Batra and Yu Ming Mao in March 2005 and is headquartered in Santa Clara, CA.

Further Reading: Special Purpose Acquisition Company (SPAC)

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

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