Nir Zuk Sells 36,000 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW) Stock

Palo Alto Networks, Inc. (NASDAQ:PANW) EVP Nir Zuk sold 36,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $317.77, for a total value of $11,439,720.00. Following the sale, the executive vice president now owns 1,187,567 shares of the company’s stock, valued at $377,373,165.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Nir Zuk also recently made the following trade(s):

• On Monday, July 1st, Nir Zuk sold 36,000 shares of Palo Alto Networks stock. The stock was sold at an average price of $339.16, for a total value of $12,209,760.00.
• On Monday, June 3rd, Nir Zuk sold 36,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $293.31, for a total value of $10,559,160.00.

Palo Alto Networks Trading Down 3.2 %

Palo Alto Networks stock traded down $10.02 during midday trading on Friday, reaching $305.60. The stock had a trading volume of 3,521,319 shares, compared to its average volume of 4,442,398. The company has a fifty day moving average price of $322.06 and a two-hundred day moving average price of $312.36. Palo Alto Networks, Inc. has a 12 month low of $201.17 and a 12 month high of $380.84. The company has a market capitalization of $98.95 billion, a P/E ratio of 43.81, a PEG ratio of 4.97 and a beta of 1.14.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Monday, May 20th. The network technology company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.25 by $0.07. Palo Alto Networks had a return on equity of 32.74% and a net margin of 31.42%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis. On average, equities research analysts predict that Palo Alto Networks, Inc. will post 2.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

PANW has been the topic of a number of research analyst reports. BMO Capital Markets raised their price target on shares of Palo Alto Networks from $327.00 to $334.00 and gave the company an “outperform” rating in a research note on Tuesday, May 21st. Robert W. Baird raised their target price on shares of Palo Alto Networks from $340.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Sanford C. Bernstein upped their price target on shares of Palo Alto Networks from $335.00 to $364.00 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. Royal Bank of Canada dropped their price target on Palo Alto Networks from $365.00 to $360.00 and set an “outperform” rating for the company in a research note on Tuesday, May 21st. Finally, Evercore ISI reduced their price objective on Palo Alto Networks from $405.00 to $385.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 14th. Thirteen analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $325.59.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Pathway Financial Advisers LLC acquired a new position in Palo Alto Networks during the 1st quarter valued at about $25,000. Frank Rimerman Advisors LLC purchased a new position in shares of Palo Alto Networks during the fourth quarter valued at approximately $27,000. Financial Synergies Wealth Advisors Inc. grew its holdings in Palo Alto Networks by 3,200.0% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 99 shares of the network technology company’s stock worth $28,000 after buying an additional 96 shares in the last quarter. Ulland Investment Advisors LLC purchased a new stake in Palo Alto Networks in the 1st quarter valued at $30,000. Finally, ICA Group Wealth Management LLC bought a new position in Palo Alto Networks during the 4th quarter valued at $31,000. 79.82% of the stock is owned by institutional investors.

About Palo Alto Networks

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.