Palo Alto Networks Inc (NYSE:PANW) CFO Kathleen Bonanno Sells 1,610 Shares of Stock

Palo Alto Networks Inc (NYSE:PANW) CFO Kathleen Bonanno sold 1,610 shares of the firm’s stock in a transaction on Sunday, October 20th. The stock was sold at an average price of $214.74, for a total value of $345,731.40. Following the completion of the sale, the chief financial officer now owns 46,636 shares of the company’s stock, valued at $10,014,614.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kathleen Bonanno also recently made the following trade(s):

  • On Wednesday, July 24th, Kathleen Bonanno sold 1,609 shares of Palo Alto Networks stock. The stock was sold at an average price of $224.00, for a total value of $360,416.00.

Shares of Palo Alto Networks stock opened at $213.41 on Wednesday. The firm has a market cap of $20.62 billion, a P/E ratio of 338.75 and a beta of 0.99. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.90. Palo Alto Networks Inc has a 12 month low of $160.08 and a 12 month high of $260.63. The stock’s fifty day moving average price is $209.31 and its 200-day moving average price is $216.78.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings results on Wednesday, September 4th. The network technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.08). The firm had revenue of $805.80 million for the quarter, compared to analysts’ expectations of $803.56 million. Palo Alto Networks had a negative net margin of 2.82% and a positive return on equity of 4.82%. The business’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.28 EPS. Analysts forecast that Palo Alto Networks Inc will post -0.05 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Carlson Capital L P grew its stake in Palo Alto Networks by 26.4% in the second quarter. Carlson Capital L P now owns 186,934 shares of the network technology company’s stock valued at $38,090,000 after purchasing an additional 39,057 shares during the last quarter. Cumberland Partners Ltd grew its stake in Palo Alto Networks by 33.3% in the second quarter. Cumberland Partners Ltd now owns 2,000 shares of the network technology company’s stock valued at $408,000 after purchasing an additional 500 shares during the last quarter. BBT Capital Management LLC purchased a new position in Palo Alto Networks in the second quarter valued at about $756,000. Grandeur Peak Global Advisors LLC grew its stake in Palo Alto Networks by 3.4% in the second quarter. Grandeur Peak Global Advisors LLC now owns 6,075 shares of the network technology company’s stock valued at $1,238,000 after purchasing an additional 200 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in Palo Alto Networks by 522.5% in the first quarter. Nordea Investment Management AB now owns 21,893 shares of the network technology company’s stock valued at $5,317,000 after purchasing an additional 18,376 shares during the last quarter. Hedge funds and other institutional investors own 78.56% of the company’s stock.

PANW has been the subject of several research analyst reports. Morgan Stanley set a $290.00 target price on Palo Alto Networks and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Rosenblatt Securities initiated coverage on Palo Alto Networks in a research report on Monday, September 9th. They set a “hold” rating and a $220.00 target price for the company. KeyCorp decreased their target price on Palo Alto Networks from $280.00 to $250.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Robert W. Baird set a $275.00 target price on Palo Alto Networks and gave the stock a “buy” rating in a research report on Sunday, September 15th. Finally, Credit Suisse Group lifted their target price on Palo Alto Networks from $185.00 to $195.00 and gave the stock an “underperform” rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $260.74.

Palo Alto Networks Company Profile

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

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