Key Points
- CAO Josh Paul sold 700 shares on Dec. 1 at an average price of $189.39 for a total of $132,573, reducing his stake by 1.47% to 46,805 shares valued at about $8.86 million (SEC filing disclosed).
- Palo Alto Networks reported a quarterly EPS beat ($0.93 vs. $0.89) and revenue of $2.47 billion (up 15.7% YoY); the stock trades near $189.88 with a 52-week range of $144.15–$223.61 and a market cap of about $132.35 billion.
- The stock has strong analyst support—30 Buy, 9 Hold, 2 Sell—with a consensus rating of "Moderate Buy" and a consensus price target of $225.09.
Palo Alto Networks, Inc. (NASDAQ:PANW - Get Free Report) CAO Josh Paul sold 700 shares of the firm's 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 transaction, the chief accounting officer owned 46,805 shares in the company, valued at approximately $8,864,398.95. This trade represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Palo Alto Networks Price Performance
Shares of PANW stock opened at $189.88 on Wednesday. The firm has a 50-day moving average of $206.33 and a 200-day moving average of $197.23. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $223.61. The company has a market cap of $132.35 billion, a P/E ratio of 120.18, a P/E/G ratio of 4.44 and a beta of 0.79.
Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings results on Thursday, November 20th. The network technology company reported $0.93 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.46 billion. During the same period in the previous year, the company earned $1.56 earnings per share. The firm's revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, research analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
PANW has been the subject of several recent analyst reports. Mizuho upped their target price on Palo Alto Networks from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Monday, November 17th. Citigroup restated an "outperform" rating on shares of Palo Alto Networks in a research note on Monday, October 27th. TD Cowen lifted their target price on Palo Alto Networks from $230.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, November 13th. BTIG Research reissued a "buy" rating and issued a $248.00 price target on shares of Palo Alto Networks in a report on Monday, November 17th. Finally, New Street Research raised their price objective on shares of Palo Alto Networks from $235.00 to $240.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Thirty equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $225.09.
Read Our Latest Stock Report on PANW
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the business. Darwin Wealth Management LLC bought a new position in shares of Palo Alto Networks in the second quarter worth $25,000. Whipplewood Advisors LLC raised its stake in shares of Palo Alto Networks by 6,400.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company's stock valued at $27,000 after purchasing an additional 128 shares during the period. Briaud Financial Planning Inc purchased a new stake in Palo Alto Networks during the 2nd quarter worth about $28,000. Howard Hughes Medical Institute bought a new position in Palo Alto Networks in the 2nd quarter worth about $29,000. Finally, Winch Advisory Services LLC boosted its stake in Palo Alto Networks by 96.1% in the 3rd quarter. Winch Advisory Services LLC now owns 149 shares of the network technology company's stock worth $30,000 after purchasing an additional 73 shares during the period. 79.82% of the stock is owned by institutional investors.
About Palo Alto Networks
(
Get Free Report)
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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